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506 N High Street

Millville, NJ 08332

– beds
– baths
1,189 sqft
1,189 sqft lot
$168 per sqft
1920 build

3-unit mixed use building in Millville's growing downtown, for less than $200,000.00! Taxes under $2,000 per year! The property offers a 10%+ cap rate at current rents with plenty of room to grow. This property is 3 units, with two store fronts and a 3 bedroom 1 bathroom apartment upstairs already renovated and rented. The two storefronts were recently leased to great tenants on 3 year leases with rent increases for each year. Each storefront will also be renovated by the future tenants. Upstairs brings in a gross annual rent of $18,900.00 per year. In total, gross annual rents for the next twelve months will be $26,100.00. The Cap Rate and Cash on Cash returns are both very attractive on current and on a pro forma basis. Situated next to the phenomenal DC Gallery & Studio and across from the Village on High, this property is ready to take on new life with new ownership. The upstairs 3 bedroom apartment was recently completely rehabbed and a new gas boiler was installed for the building just a few days ago. Take advantage of this deal and be part of High Street before all the other development takes place and the barrier to entry becomes too high! With instant cash flow and potential to generate much more into the future, this building is a fantastic investment for both the new and experienced investor. Schedule a showing today!

Listing courtesy of BRIGHT / DePalma Realty

Last checked: Checking… • Last updated May 6, 2025 •

MLS# NJCB2023964 —

The Building

Year Built:

1920
Year Built Source:

Assessor
Year Major Reno/Remodel:

2025
New Construction:

No
Construction Materials:

Frame
Building Levels:

2
Building Units Total:

3
Structure Type:

Other
Architectural Style:

Other
Accessibility Features:

None
Basement:

Yes
Basement Type:

Interior Access
Total SqFt Source:

Estimated

Interior

Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

1189
Living Area SqFt:

1,189 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional, Other
Possession:

Immediate

Location

Directions:

GPS.
Latitude:

39.40084000
Longitude:

-75.03894000

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

22.00 x 54.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,189 Sqft
Inclusions:

Appliances and utility systems in as is condition.
Exclusions:

Tenant personal property.
Zoning Description:

Downtown Commercial Zoning. See documents for allowable uses.
Zoning:

DOWNTOWN COMMERCIAL
Other Structures:

Above Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

10-00356-00011
Tax Year:

2024
Tax Lot:

00011
Tax Annual Amount:

$1,903
Tax Assessed Value:

$48,500
Year Assessed:

2024
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Radiant, Baseboard - Hot Water
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

Millville Area
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/30/25 Apr 30, 2025	Listed / Active	BRIGHT	$199,900

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This multifamily located in Millville, NJ 08332 is currently for sale for $199,900. 506 N High Street is a 1,189 square foot multifamily with – beds and – baths.

Listing Courtesy of: BRIGHT and DePalma Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.