Burlington, NJ 08016 232 W Union Street

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Presented By: BHHS Fox & Roach-Marlton
  • MLS# NJBL2089624
  • 06/18/2025
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  • Beds • 4

Home Details

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.
Presented By: BHHS Fox & Roach-Marlton

Interior Features for 232 W Union Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 232 W Union Street

AccessibilityNone
Architectural StyleSide-by-Side
CityBURLINGTON
Construction MaterialsBlock
Cool FuelNone
CoolingWindow Unit(s)
CountyBURLINGTON
DirectionsUse GPS
Garage Y/NNo
HeatingBaseboard - Electric, Baseboard - Hot Water
Living Area1928
Lot Size Square Feet2161.00
Lot Size UnitsSquare Feet
MLS AreaBurlington City (20305)
MunicipalityBURLINGTON CITY
New ConstructionNo
Number Of Units Total2
One Bedroom Units Count
Other StructuresAbove Grade
OwnershipFee Simple
Possession0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Price Per Sq Ft Total AG186.72
Property SubtypeDuplex
Property TypeMulti-Family
School DistrictBURLINGTON TOWNSHIP
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Tax Annual Amount5603.0
Tax Assessed Value129400.0
Tax Lot00006
Tax Year2024
Total SQFT1928
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningMULTIFAMILY

Exterior for 232 W Union Street

Foundation DetailsBlock
Lot Dimensions20.00 x 108.00
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $360,000
MLS#NJBL2089624
List Date 06/18/2025
Property Type Multi-Family
Phone 703.929.4729
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