202 Foundry St Florence, NJ 08518
Estimated payment $6,016/month
Highlights
- Central Air
- Hot Water Baseboard Heater
- 1-minute walk to R.d. Wood Park
About This Home
Investor Alert - Property was sold, but buyer's 1031 exhange fell through. Brand new, completely rebuilt 4-unit multifamily property!
This FULLY occupied 4-unit Multifamily property in Florence, NJ at 202 Foundry Street presents an excellent investment opportunity. The property features four rental units with long-term tenants, offering one 3-Bedroom unit; one 2-Bedroom unit; & two 1-Bedroom units. Conveniently located near I-295 and the NJ Turnpike, it provides easy access to Philadelphia and New York City.
Completely rebuilt property in 2021, including structure/framework, new roof, windows, mechanicals, and significant upgrades throughout each unit. With an Annual Rental Income exceeding $85,000, this property is a profitable investment for buyers seeking stable income.
Ideal for seasoned investors or those starting their real estate portfolio, this property offers passive income and wealth-building potential. Don't miss out on owning this fully occupied Multifamily property in a prime location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,541
Year Built
- Built in 1940
Lot Details
- 2,640 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 3,888 Sq Ft Home
- Quadruplex
- Brick Exterior Construction
Utilities
- Central Air
- Hot Water Baseboard Heater
- Natural Gas Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot 00001
- Assessor Parcel Number 15-00014-00001
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,542 | $450,000 | $50,500 | $399,500 |
| 2024 | $12,006 | $450,000 | $50,500 | $399,500 |
| 2023 | $12,006 | $450,000 | $50,500 | $399,500 |
| 2022 | $3,264 | $125,000 | $50,500 | $74,500 |
| 2021 | $3,235 | $125,000 | $50,500 | $74,500 |
| 2020 | $3,223 | $125,000 | $50,500 | $74,500 |
| 2019 | $3,194 | $125,000 | $50,500 | $74,500 |
| 2018 | $4,258 | $168,100 | $50,500 | $117,600 |
| 2017 | $4,206 | $168,100 | $50,500 | $117,600 |
| 2016 | $4,125 | $168,100 | $50,500 | $117,600 |
| 2015 | $4,041 | $168,100 | $50,500 | $117,600 |
| 2014 | $3,929 | $168,100 | $50,500 | $117,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | For Sale | $900,000 | +650.0% | $231 / Sq Ft |
| 10/16/2020 10/16/20 | Sold | $120,000 | -27.3% | $31 / Sq Ft |
| 09/28/2020 09/28/20 | Pending | -- | -- | -- |
| 09/24/2020 09/24/20 | For Sale | $165,000 | +37.5% | $42 / Sq Ft |
| 09/04/2020 09/04/20 | Off Market | $120,000 | -- | -- |
| 07/22/2020 07/22/20 | For Sale | $165,000 | -- | $42 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Deed | $120,000 | Clear Skies Title Agency | |
| Deed | $70,000 | Foundation Title Llc | |
| Bargain Sale Deed | $62,500 | Sterling Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $233,900 | New Conventional | |
| Previous Owner | $200,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Commercial | |
| Previous Owner | $50,000 | Commercial |
Source: Bright MLS
MLS Number: NJBL2092754
APN: 15-00014-0000-00001
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