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Under contract
  • $414,900

    240 Billings Ave, Paulsboro, NJ 08066

    7beds
    --baths
    2,488sqft
    : 
    $3,029/mo
    Get pre-qualified
    Triplex
    Built in 1920
    -- sqft lot
    $411,300 Zestimate®
    $167/sqft
    $-- HOA

    What's special

    Modern flooringWell-maintained systemsUpdated kitchens
    OFFER ACCEPTED! SELLER WILL ACCEPT BACK_UP OFFERS!!! ATTORNEY REVIEW ENDS 04/08/26. INVESTOR SPECIAL!!!!!!! FULLY RENTED TURNKEY TRIPLEX STRONG CASH FLOW LOW TAXES Instant income from day one! This fully rented, renovated triplex is a turnkey investment delivering stable cash flow in a high-demand Paulsboro location. All three units are currently occupied, providing immediate rental income with no vacancy risk. Each unit features updated kitchens and baths, modern flooring, and well-maintained systems, keeping operating costs low and returns strong. Separate utilities add efficiency and maximize net income. With low property taxes and solid rental history, this asset is ideal for investors seeking predictable cash flow and long-term appreciation. Strong tenant demand in the area supports consistent occupancy and future rent growth. Conveniently located near major roadways, shopping, and everyday amenities, making it attractive to tenants and easy to manage. Immediate income – no lease-up needed. All units occupied. Renovated & well maintained. Low taxes boost returns. This is the kind of property investors wait for. Schedule your showing today and secure a cash-flowing asset before it’s gone. RENTS: Unit 1 - $1640 Lease expires on 04/30/26, Unit 2 $1525 Lease Expires 06/30/26, Unit 3 - $1550. Lease Expires 08/31/26. Based on the rental comps in the area, each unit has room for rent increase at the renewal of the lease. All tenants would like to stay if possible.
    190 days
    |
    28
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    SHELBY MORGAN 609-727-5458,

    Morgan Capital Real Estate

    Source: Bright MLS,MLS#: NJGL2068614MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      Basement
      • Area: 0
      Heating
      • Baseboard, Electric
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Electric Water Heater
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 2,488
      • Total interior livable area: 2,488 sqft

      Property

      Parking
      • Parking features: Driveway, On Street
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: 2+ Access Exits
      Features
      • Pool features: None
      Lot
      • Size: 6,752 Square Feet
      • Dimensions: 50.00 x 135.00
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 140002000011
      • Zoning: TRIPLEX
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Triplex
      Materials
      • Frame
      • Foundation: Concrete Perimeter
      Condition
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Paulsboro
      • Municipality: PAULSBORO BORO

      Financial & listing details

      • Price per square foot: $167/sqft
      • Tax assessed value: $175,000
      • Annual tax amount: $8,494
      • Date on market: 1/20/2026
      • Listing agreement: Exclusive Agency
      • Ownership: Fee Simple
      • Total actual rent: 56580

        Estimated market value

        $411,300

        $391,000 - $432,000

        $1,889/mo

        Price history

        DateEventPrice
        4/6/2026Contingent$414,900$167/sqft
        Source: Bright MLS #NJGL2068614 Report a problem
        4/1/2026Listed for sale$414,900$167/sqft
        Source: Bright MLS #NJGL2068614 Report a problem
        2/4/2026Contingent$414,900$167/sqft
        Source: Bright MLS #NJGL2068614 Report a problem
        1/21/2026Listed for sale$414,900+22%$167/sqft
        Source: Bright MLS #NJGL2068614 Report a problem
        10/31/2024Sold$340,000+1.5%$137/sqft
        Source: Bright MLS #NJGL2046836 Report a problem
        9/5/2024Pending sale$335,000$135/sqft
        Source: Bright MLS #NJGL2046836 Report a problem
        8/27/2024Listed for sale$335,000+83.1%$135/sqft
        Source: Bright MLS #NJGL2046836 Report a problem
        11/15/2023Sold$183,000-8.5%$74/sqft
        Source: Bright MLS #NJGL2034812 Report a problem
        10/23/2023Pending sale$200,000$80/sqft
        Source: Bright MLS #NJGL2034812 Report a problem
        10/19/2023Contingent$200,000$80/sqft
        Source: Bright MLS #NJGL2034812 Report a problem
        10/4/2023Listed for sale$200,000+122.2%$80/sqft
        Source: Bright MLS #NJGL2034812 Report a problem
        7/8/2021Sold$90,000-47%$36/sqft
        Source: Public Record Report a problem
        3/11/2017Listing removed$169,900$68/sqft
        Source: Keller Williams - Washington Township #6827291 Report a problem
        2/3/2017Price change$169,900-2.9%$68/sqft
        Source: Keller Williams - Washington Township #6827291 Report a problem
        7/13/2016Listed for sale$175,000+46%$70/sqft
        Source: Keller Williams Realty - Washington Township #6827291 Report a problem
        7/1/2002Sold$119,900$48/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,700 +4%$175,000 +4%
        2024$7,401 +0.1%$168,200
        2023$7,394 +32.2%$168,200 +29.8%
        2022$5,594 +2%$129,600
        2021$5,485 +3.9%$129,600
        2020$5,280 +6.1%$129,600
        2019$4,978 $129,600
        2018$4,978 +5.4%$129,600
        2017$4,723 +0.6%$129,600
        2016$4,695 -23.8%$129,600
        2015$6,160 +2.3%$129,600 -29.1%
        2014$6,023 +25.3%$182,900 +94%
        2012$4,806 -0.5%$94,300
        2011$4,830 +3.1%$94,300
        2010$4,684 +1.9%$94,300 -2.5%
        2009$4,595 $96,700
        2008-- $96,700
        2007-- $96,700
        2006-- $96,700
        2005-- $96,700
        2004-- $96,700
        2003-- $96,700
        2002-- $96,700
        2001-- $96,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 08066

        Getting around

        34 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Paulsboro Public Schools

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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