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Listed by Dawn Varallo • BHHS Fox & Roach-Marlton
$ 4,500,000
Est. payment /mo
New
607 W MAPLE AVE Merchantville, NJ 08109
0.57 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJCD2121240
Year Built 1984
Annual Tax Amount $50,717
Tax Year 2025
Lot Size 0.574 Acres
Acres 0.57
Lot Dimensions 100.00 x 250.00
Property Sub-Type Other
Source BRIGHT
Property Description
21-Unit Value-Add Apartment Community | Extensively Renovated | Turnkey Investment Opportunity
Property Overview
607 W. Maple Avenue presents the opportunity to acquire a substantially renovated 21-unit multifamily community consisting of three residential buildings in the desirable Borough of Merchantville, Camden County, New Jersey. Current ownership has completed an extensive capital improvement program that has transformed the property into a modern, turnkey investment with significantly reduced deferred maintenance and strong long-term income potential.
Over the course of ownership, nearly every major building system has been replaced or upgraded, including electrical, HVAC, roofing, windows, plumbing, insulation, and apartment interiors. These improvements provide investors with a stabilized asset requiring minimal near-term capital expenditures while offering modern amenities that attract and retain quality tenants.
Investment Highlights
21 apartment units across three well-maintained residential buildings
Extensive property-wide renovation and capital improvement program completed
Complete replacement of electrical infrastructure, including new 600-amp services, individual meters, panels, wiring, and transformer
Brand-new high-efficiency forced-air heating and central air conditioning installed in every apartment
New hot water heaters and plumbing upgrades throughout
Renovated kitchens featuring new cabinetry, stainless steel appliances, and dishwashers
Updated bathrooms with modern fixtures and finishes
New flooring and interior finishes throughout the property
New roofs, plywood decking (where required), gutters, windows, and attic insulation
Exterior stucco repairs, painting, landscaping, lighting, walkways, mailboxes, and site improvements
Individually metered electric service
Modern building systems significantly reduce future maintenance and capital costs
Strong curb appeal with professionally improved exterior presentation
Turnkey investment positioned for long-term stable cash flow
Location
Located in the heart of Merchantville, the property offers convenient access to Route 38, Route 70, Route 130, Interstate 295, the New Jersey Turnpike, and the Ben Franklin Bridge, providing quick connectivity to Philadelphia and the surrounding South Jersey markets. Residents enjoy proximity to shopping, dining, public transportation, major employers, and recreational amenities.
Investment Opportunity
607 W. Maple Avenue represents a rare opportunity to acquire a fully renovated multifamily asset where ownership has already completed the heavy lifting. With modern infrastructure, updated apartment interiors, and significantly reduced deferred maintenance, the property is ideally suited for investors seeking a stabilized, low-maintenance apartment community with long-term appreciation potential in a strong South Jersey rental market.
Property Overview
607 W. Maple Avenue presents the opportunity to acquire a substantially renovated 21-unit multifamily community consisting of three residential buildings in the desirable Borough of Merchantville, Camden County, New Jersey. Current ownership has completed an extensive capital improvement program that has transformed the property into a modern, turnkey investment with significantly reduced deferred maintenance and strong long-term income potential.
Over the course of ownership, nearly every major building system has been replaced or upgraded, including electrical, HVAC, roofing, windows, plumbing, insulation, and apartment interiors. These improvements provide investors with a stabilized asset requiring minimal near-term capital expenditures while offering modern amenities that attract and retain quality tenants.
Investment Highlights
21 apartment units across three well-maintained residential buildings
Extensive property-wide renovation and capital improvement program completed
Complete replacement of electrical infrastructure, including new 600-amp services, individual meters, panels, wiring, and transformer
Brand-new high-efficiency forced-air heating and central air conditioning installed in every apartment
New hot water heaters and plumbing upgrades throughout
Renovated kitchens featuring new cabinetry, stainless steel appliances, and dishwashers
Updated bathrooms with modern fixtures and finishes
New flooring and interior finishes throughout the property
New roofs, plywood decking (where required), gutters, windows, and attic insulation
Exterior stucco repairs, painting, landscaping, lighting, walkways, mailboxes, and site improvements
Individually metered electric service
Modern building systems significantly reduce future maintenance and capital costs
Strong curb appeal with professionally improved exterior presentation
Turnkey investment positioned for long-term stable cash flow
Location
Located in the heart of Merchantville, the property offers convenient access to Route 38, Route 70, Route 130, Interstate 295, the New Jersey Turnpike, and the Ben Franklin Bridge, providing quick connectivity to Philadelphia and the surrounding South Jersey markets. Residents enjoy proximity to shopping, dining, public transportation, major employers, and recreational amenities.
Investment Opportunity
607 W. Maple Avenue represents a rare opportunity to acquire a fully renovated multifamily asset where ownership has already completed the heavy lifting. With modern infrastructure, updated apartment interiors, and significantly reduced deferred maintenance, the property is ideally suited for investors seeking a stabilized, low-maintenance apartment community with long-term appreciation potential in a strong South Jersey rental market.
Location
State NJ
County Camden
Area Merchantville Boro (20424)
Zoning R-4 RESIDENTIAL MULTIFAM
Interior
Hot Water Natural Gas
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 21.0
Water Access N
Accessibility None
Total Parking Spaces 21
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Merchantville Public Schools
Others
Tax ID 24-00004-00012
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations