About this home

DUPLEX WITH INCOME IN PLACE, A VACANT UNIT, AND VALUE-ADD POTENTIAL! Welcome to 288 South Avenue in Bridgeton, an up-and-down duplex offering two 2-bedroom, 1-bathroom units, separate electric utilities, an oversized lot, abundant off-street parking, and an opportunity for immediate flexibility. Unit A is currently occupied and generating $15,900 in annual rental income, while Unit B is VACANT and ready for its next use. That combination creates an attractive opportunity for a buyer looking to enter the multifamily market by occupying one unit while collecting rental income from the other-potentially helping offset monthly housing expenses while beginning to build a real estate portfolio. For an experienced investor, the vacant unit provides the opportunity to immediately prepare and lease the space at current market terms without waiting for an existing lease to expire. Based on estimated market rents, total gross rental income could potentially reach approximately $33,600 annually when both units are leased at projected market rates. At the offered price, projected performance could result in a PRO FORMA CAP RATE EXCEEDING 11%, subject to actual rents, expenses, occupancy, management, maintenance, and other operating costs. Buyers should perform their own due diligence regarding projected rents and investment performance. The property is also set up with separate electric utilities, including separate electric hot water heaters, helping simplify utility responsibility between the two units. Outside, the EXTRA-LARGE LOT adds another dimension to the property, with plenty of off-street parking, a storage shed, and substantial additional outdoor space. Whether you're looking for an opportunity to occupy one unit while generating income from the other or seeking another multifamily property for an established portfolio, 288 South Avenue offers a compelling combination of CURRENT INCOME, VACANCY FLEXIBILITY, AND FUTURE UPSIDE. Schedule your showing and explore the possibilities!

Facts and features

Schools

• Bridgeton High School

  high · 9-12 · 1.7 mi

  1

• Cherry Street Elementary School

  elementary · K-8 · 0.5 mi

  3

• Immaculate Conception School

  elementary · K-8 · 1.5 mi

• Buckshutem Road Elementary School

  elementary · K-8 · 0.9 mi

  3

• Quarter Mile Lane Elementary School

  elementary · K-8 · 1.1 mi

  2

• Fairton Christian Center

  elementary · PK-12 · 2.5 mi

Price history

• Sep 10, 2026 · Listed$235,000
• Jun 16, 2021 · Listing Removed—
• May 12, 2021 · Listed$85,000

Tax history

• 2026$4,566 tax · $74,400 assessed
• 2025$4,307 tax · $74,400 assessed
• 2024$3,934 tax · $74,400 assessed
• 2023$3,775 tax · $74,400 assessed
• 2022$3,740 tax · $74,400 assessed
• 2021$3,732 tax · $74,400 assessed
• 2020$3,708 tax · $74,400 assessed
• 2019$3,624 tax · $74,400 assessed

Home value

$230,000

• Cotality$230,000
• Quantarium$229,721
• Collateral Analytics$233,000

Where it is