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Sold for $115,000
  • $115,000

    123 W Foundry St, Millville, NJ 08332

    3beds
    1,128sqft
    Single Family Residence
    Built in 1912
    3,100 Square Feet Lot
    $118,200 Zestimate®
    $102/sqft
    $1,915 Estimated rent

    Home value

    $118,200

    $87,000 - $160,000

    $1,915/mo

    Zestimate® history
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    Owner options

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    $1,915/mo

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    $1,915/mo

    Rent Zestimate®

    Refinance and save

    $672/mo

    Est. payment

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    $672/mo

    Est. payment

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    What's special

    Opportunity knocks at 123 W Foundry Street! This 3-bedroom, 1-bathroom twin home offers 1,128 square feet of potential in a rapidly appreciating Millville neighborhood. Whether you're a first-time homebuyer ready to put in short-term sweat equity for long term gains or an investor looking for strong rental returns, this property delivers. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just under $2,500, the cash flow possibilities are impressive. Most pro forma calculations show a 12%+ cap rate potential and over 22%-25% cash on cash return with financing. This isn't possible in virtually any other asset class, and that's just from cash flow. Enter in appreciation, tax and interest deductions, and depreciation returns and the numbers are unbelievable. What's more, comparable renovated homes are selling for close to $200,000, making this a smart play for value-minded buyers. Whether you're buying responsibly as a primary homeowner, or as a savvy investor, don't miss your chance to secure this special find—act now and position yourself for long-term gains!

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike DePalma 609-501-4162,

    DePalma Realty

    Bought with:

    Non Subscriber

    Non Subscribing Office

    Source: Bright MLS,MLS#: NJCB2024582MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Basement
    • Area: 0
    Heating
    • Forced Air, Oil
    Cooling
    • None, Electric
    Appliances
    • Included: Water Heater
    Features
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 1,128
    • Total interior livable area: 1,128 sqft
    • Finished area above ground: 1,128
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 3,100 sqft
    • Dimensions: 25.00 x 124.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 100028500006
    • Zoning: RES
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence
    • Attached to another structure: Yes
    Materials
    • Frame
    • Foundation: Stone
    Condition
    • New construction: No
    • Year built: 1912

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Millville
    • Subdivision: None Available.
    • Municipality: MILLVILLE CITY

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,Other
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    12/1/2025Listing removed$1,950$2/sqft
    Source: Zillow Rentals Report a problem
    11/10/2025Listed for rent$1,950$2/sqft
    Source: Zillow Rentals Report a problem
    11/5/2025Sold$115,000$102/sqft
    Source: Public Record Report a problem
    8/15/2025Sold$115,000-4.2%$102/sqft
    Source: Bright MLS #NJCB2024582 Report a problem
    7/25/2025Pending sale$120,000$106/sqft
    Source: Bright MLS #NJCB2024582 Report a problem
    7/3/2025Price change$120,000-4%$106/sqft
    Source: Bright MLS #NJCB2024582 Report a problem
    6/12/2025Price change$125,000-7.4%$111/sqft
    Source: Bright MLS #NJCB2024582 Report a problem
    6/5/2025Listed for sale$135,000+75.8%$120/sqft
    Source: Bright MLS #NJCB2024582 Report a problem
    4/4/2025Sold$76,800+63.8%$68/sqft
    Source: Public Record Report a problem
    8/18/2021Sold$46,900$42/sqft
    Source: Bright MLS #NJCB2000548 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,477 $63,100
    2024$2,477 +0.8%$63,100
    2023$2,456 +2.7%$63,100
    2022$2,392 +142.1%$63,100
    2021$988 -56.6%$63,100
    2020$2,276 +7.1%$63,100
    2019$2,126 $63,100
    2018$2,126 +2.2%$63,100
    2017$2,080 +2.3%$63,100
    2016$2,033 -0.2%$63,100
    2015$2,037 +1.4%$63,100
    2014$2,008 +0.7%$63,100
    2012$1,994 -1.7%$63,100
    2011$2,029 +5.5%$63,100
    2010$1,923 +0.7%$63,100
    2009$1,909 +1.1%$63,100
    2008$1,889 $63,100
    2007-- $63,100
    2006-- $63,100
    2005-- $63,100 +154.4%
    2003-- $24,800
    2002-- $24,800
    2001-- $24,800

    Find assessor info on the county website

    Neighborhood: 08332

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $118,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $118,200