506 N High St, MILLVILLE, NJ 08332

Local realty services provided by:Better Homes and Gardens Real Estate GSA Realty
#1#2#3
506 N High St,MILLVILLE, NJ 08332
$199,900
  • 3 Beds
  • - Baths
  • 1,189 sq. ft.
  • Multi-family
  • Pending
Listed by:michael depalma
Office:depalma realty
MLS#:NJCB2023964
Source:BRIGHTMLS

Price summary

  • Price:$199,900
  • Price per sq. ft.:$168.12

About this home

3-unit mixed use building in Millville's growing downtown, for less than $200,000.00! Taxes under $2,000 per year! The property offers a 10%+ cap rate at current rents with plenty of room to grow. This property is 3 units, with two store fronts and a 3 bedroom 1 bathroom apartment upstairs already renovated and rented. The two storefronts were recently leased to great tenants on 3 year leases with rent increases for each year. Each storefront will also be renovated by the future tenants. Upstairs brings in a gross annual rent of $18,900.00 per year. In total, gross annual rents for the next twelve months will be $26,100.00. The Cap Rate and Cash on Cash returns are both very attractive on current and on a pro forma basis. Situated next to the phenomenal DC Gallery & Studio and across from the Village on High, this property is ready to take on new life with new ownership. The upstairs 3 bedroom apartment was recently completely rehabbed and a new gas boiler was installed for the

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1920
  • Listing Id #:NJCB2023964
  • Added:107 day(s) ago
  • Updated:August 16, 2025 at 07:27 AM

Rooms and interior

  • Bedrooms:3
  • Living area:1,189 sq. ft.

Heating and cooling

  • Heating:Baseboard - Hot Water, Natural Gas, Radiant

Structure and exterior

  • Year built:1920
  • Building area:1,189 sq. ft.
  • Lot area:0.03 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$199,900
  • Price per sq. ft.:$168.12
  • Tax amount:$1,903 (2024)

New listings near 506 N High St