5 Unit Investment Property in NJ

774 S Main St, Phillipsburg, NJ – 5-Unit Cash-Flowing Multifamily in Redevelopment Zone

Excellent turnkey investment in Phillipsburg, NJ’s designated redevelopment and Opportunity Zone. This fully rented 5-unit property generates approximately $8,500 per month (~$102,000 annually) in gross income with an estimated NOI of ~$80,900 per year.

Key Features:

• 2 Section 8 tenants with 100% of rent paid directly by the government

• 3 long-term, multi-year tenants providing stable occupancy

• Recent exterior paint reduces immediate maintenance needs

Expenses:

• Property Taxes: $13,400/year

• Insurance: $6,500/year

• Pest Control: $1,200/year

Strong local rental demand, minimal historical vacancy, and a secure payment mix make this an easy-to-manage, high-yield asset.

Located within walking distance to shops, transit, and local employers, the property is well-positioned for continued appreciation and potential incentives tied to the redevelopment zone.

Highlights:

• 5-unit residential building

• ~$8,500/month gross income

• ~$80,900/year NOI

• Fully occupied with secure, predictable rent roll

• Located in a designated Redevelopment/Opportunity Zone

• Seller open to crypto payment and creative financing options

Ideal for investors seeking reliable cash flow, low turnover risk, and long-term upside in an improving market.