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617 Newton Ave, 
Oaklyn, NJ 08107

$715,000


10

Beds


—

Bath


6,042

Sq Ft


Multi-Family

Pending

Listed by

Patrick M Gorman

Keller Williams - Main Street

Last updated:

April 15, 2025, 07:31 AM

MLS#

NJCD2085252

Source:

BRIGHTMLS

About This Home

617 Newton Ave

PRIME INVESTMENT OPPORTUNITY SITUATED ON A QUIET CORNER LOT IN OAKLYN!!! Don't miss this staggering x6 unit building featuring x4 2BD/1BTH units & x2 1BD/1BTH units along with a private basement & spacious private parking lot! Units are filled with an abundance of natural light & brimming with historic charm as well as updated touches & upgrades. Brand new high efficiency heater with separate electric & gas. Tenants are responsible for electric & gas, the landlord is responsible for water & heat. Property is currently generating 7k/mo in rental income with room for tremendous growth. Whether you are a savvy investor looking to add SIX quality doors to your portfolio or an owner-occupant buyer living in either one of the 1 or 2 bedroom units while letting the tenants pay your mortgage AND still generating positive cash flow - then this incredible value add is for you! **Offer memorandum w/ rent roll & financials attached in Bright documents.

Home Facts

Multi-Family

10 Bedrooms

Built in 1935

Price Summary

715,000

$118 per Sq. Ft.

MLS #:

NJCD2085252

Last Updated:

April 15, 2025, 07:31 AM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10


Structure

Structure

Architectural Style:

Traditional

Building Area:

6,042 Sq. Ft.

Year Built:

1935


Lot

Lot Size (Sq. Ft):

10,454


Finances & Disclosures

Finances

Price:

$715,000

Price per Sq. Ft:

$118 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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