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About this home
Excellent investment opportunity! This fully occupied triplex offers strong existing rental income, separate utilities, and an impressive rear lot with additional potential. Unit A is located at the front of the property and features 1 bedroom and 1 full bathroom. Unit B is located at the rear and offers 2 bedrooms and 1 full bathroom. Unit C is positioned in the middle and features 3 bedrooms, 1 full bathroom, plus staircase access to the attic. All three units are currently rented and producing a combined gross annual rental income of approximately $46,164. Utilities are separately metered for each unit. The landlord currently pays water and sewer, which total approximately $450 per quarter. Based on the projected sale price of $339,999, current rents, and known operating expenses, the property reflects an approximate 10.2% cap rate. Cap rate is an estimate and does not include vacancy, maintenance, repairs, management, or other potential operating expenses. The property also features a large rear lot that may offer future subdivision or development potential. Buyer is responsible for completing all due diligence with the municipality regarding zoning, subdivision, approvals, and permitted use. With three occupied units, strong rental income, separate utilities, and additional land potential, this property presents an excellent opportunity for an investor looking to add a high-performing multifamily asset to their portfolio. Schedule your showing today!
ATTENTION INVESTORS!!! Fully rented!! Great opportunity to own a Tri-plex plus potential to build on the extra lot included with this sale. Situated on a spacious corner lot, this 2 story tri-plex three apartment units all of which are currently tenant occupied. The first two units, unit 1 (1 bedroom) & Unit 2 (2 bedrooms) are located on the 1st floor and Unit 3 (3 bedrooms) is located on the second floor, with their own private entrances. All separate utilities. Gas Heat and electric hot water heaters. Roof was replaced in 2006, complete take off and replacement. Windows are replacement windows. Home has been well maintained. Plenty of parking for tenants. Property in conveniently located close to Rte 295. Close to Philadelphia and Delaware Bridges. Property sells "as is" and is priced for a quick sale. Please be sure to follow all recommended guidelines regarding Covid -19 and please wear a mask.
Public Records
Sep 11, 2017
Sold
$135,000
$50/sq ft
TREND #6446942
Aug 11, 2017
Sold
$135,000
$50/sq ft
Jul 24, 2017
Pending
—
Aug 31, 2016
Price Changed
$139,900
$52/sq ft
Aug 27, 2014
Listed
$159,900
$60/sq ft
BRIGHT MLS #1003059760
Aug 11, 2017
Sold
$135,000
$50/sq ft
Jul 11, 2017
Listing Removed
—
Aug 27, 2014
Listed
$139,900
$52/sq ft
+6
FULLY RENTED * * REDUCED * ATTENTION INVESTORS!!! Great opportunity to own a TRI-PLEX plus potential to build on the extra large lot in Paulsboro. 1 bedroom, 2 bedroom and a 3 bedroom unit. Home has been well maintained. All separate utilities. 2 with gas heat 1 with oil heat. Roof has been replaced in 2006 with a complete take off and replacement. Windows are replacement windows. Newer sewer line. Property sells "as is" and priced for a quick sale!
Year
Property tax
Land + Additions
Assessment*
2025
$7,601 (+10.3%)
$26,600 + $130,000
$156,600
2024
$6,890
$26,600 + $130,000
$156,600
2023
$6,884 (+1.9%)
$26,600 + $130,000
$156,600
2022
$6,759 (+3.6%)
$26,600 + $130,000
$156,600
2021
$6,522 (+0.6%)
$26,600 + $130,000
$156,600
2020
$6,481 (+3.2%)
$26,600 + $127,500
$154,100
2019
$6,278 (+6.1%)
$26,600 + $127,500
$154,100
2018
$5,919 (+0.4%)
$26,600 + $127,500
$154,100
2017
$5,894 (+5.0%)
$26,600 + $127,500
$154,100
2016
$5,615 (+0.6%)
$26,600 + $127,500
$154,100
2014
$5,584 (+2.3%)
$29,600 + $136,200
$165,800
2013
$5,460 (+6.8%)
$29,600 + $136,200
$165,800
2012
$5,114 (+1.1%)
$29,600 + $136,200
$165,800
2011
$5,060 (−0.5%)
$15,800 + $83,500
$99,300
2010
$5,086 (+5.7%)
$15,800 + $83,500
$99,300
2009
$4,810
$15,800 + $83,500
$99,300
Public record
Beds
—
Baths
—
Stories
2
Lot width
66 ft.
Lot depth
305 ft.
Lot size
0.46 Acres
Year renovated
—
Finished Sq. Ft.
2,684
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,684
Year built
1900
Style
Single Family Residential
County
Gloucester County
APN
1400052 00013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Paulsboro, NJ • 08066
Average low and high temperatures (°F)
38
24
42
28
60
39
68
48
74
56
85
66
89
73
82
65
79
63
70
51
58
42
43
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 16% for direct sun exposure in Paulsboro. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 402 Billingsport
$339,265
$734 under list price of $340K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $295K to $395K.