222 Cypress Ave, Oaklyn, NJ 08107
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
222 Cypress Ave,Oaklyn, NJ 08107
$399,999
- 5 Beds
- - Baths
- 1,686 sq. ft.
- Multi-family
- Pending
Listed by: garrett smith
Office: opus elite real estate
MLS#:NJCD2126812
Source:BRIGHTMLS
Price summary
- Price:$399,999
- Price per sq. ft.:$237.25
About this home
Excellent investment opportunity! This fully occupied four-unit multifamily property offers strong existing rental income and immediate income-producing potential from day one.
Each unit features its own private kitchen and bathroom, with separate electric service for each apartment. The property has four individual electric meters for the units, plus a separate house electric meter, helping keep tenant utility usage clearly separated.
Unit 1 features 2 bedrooms, 1 full bath, its own kitchen, central air and heat, and private access directly from the front porch. Units 2, 3, and 4 each offer 1 bedroom, 1 full bath, their own kitchen, electric baseboard heat, and access through the side entrance along the driveway side of the property.
A shared washer and dryer are located in the basement for tenant use.
The landlord currently pays water, approximately $160 per quarter, and sewer, approximately $279 per quarter. Electric service is separately metered for each unit.
With all four units currently occupied and producing approximately $43,284 in gross annual rental income, this property presents an excellent opportunity for an investor looking to add a strong multifamily asset to their portfolio. Based on the current asking price, current rents, and known operating expenses, the property reflects an approximate 7.6% cap rate.
Four occupied units, separate electric meters, individual kitchens, established rental income, and immediate cash flow make this a property worth a serious look. Schedule your showing today!...
Contact an agent
Home facts
- Year built:1900
- Subdivision & Development:BLUEBIRD
- Listing ID #:NJCD2126812
- Added:44 day(s) ago
- Updated:October 29, 2026 at 08:48 AM
Rooms and interior
- Bedrooms:5
- Basement:Yes
- Basement Description:Combination
- Living area:1,686 sq. ft.
Heating and cooling
- Cooling:Central A/C, Window Unit(s)
- Heating:Baseboard - Electric, Central, Electric, Natural Gas
Structure and exterior
- Year built:1900
- Building area:1,686 sq. ft.
- Lot area:0.17 Acres
- Construction Materials:Frame
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,999
- Price per sq. ft.:$237.25
- Tax amount:$9,091 (2025)
Parking
- Parking description:On Street
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