232 W Union St, Burlington, NJ 08016

Local realty services provided by:ERA Martin Associates
232 W Union St,Burlington, NJ 08016
$360,000
  • 4 Beds
  • - Baths
  • 1,928 sq. ft.
  • Multi-family
  • Active
Listed by:jonathan zachary benstead
Office:bhhs fox & roach-marlton
MLS#:NJBL2089624
Source:BRIGHTMLS

Price summary

  • Price:$360,000
  • Price per sq. ft.:$186.72

About this home

Excellent investment opportunity in Burlington City, NJ that produces a 9% CAP RATE! P&L attached in the documents section. 232 W Union St features two fully occupied rental units with long-term tenants and excellent rental income. Unit A is a 2-bedroom 1 bath unit with electric heat and rents out for $1,750. Unit B is 2-bedroom 1 bath unit with gas heat and rents out for $1,650. All units are well maintained with significant upgrades throughout. All separate utilities in place for tenants with the landlord covering water/sewer, insurance & taxes. Water/Sewer - $1,200, Insurance - $2,356, Taxes $5,603. Conveniently located within minutes of several major highways and the NJ Turnpike offering easy access to Philadelphia. This is an excellent investment opportunity with major upside.

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Home facts

  • Year built:1900
  • Listing ID #:NJBL2089624
  • Added:109 day(s) ago
  • Updated:October 06, 2025 at 01:37 PM

Rooms and interior

  • Bedrooms:4
  • Living area:1,928 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Baseboard - Electric, Baseboard - Hot Water, Electric, Natural Gas

Structure and exterior

  • Year built:1900
  • Building area:1,928 sq. ft.
  • Lot area:0.05 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$360,000
  • Price per sq. ft.:$186.72
  • Tax amount:$5,603 (2024)

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