$1,900 Closing Credit¹
#NJCB2023610, Larry J DePalma, Listing office: DePalma Realty
$125,000 List price
123 W Foundry St Millville, NJ 08332
$1,484
Closing credit¹
3 beds
1 full
1,128 sqft
0.07 acres
$111 / sqft
Townhouse
Property details
About 123 W Foundry St
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!
Highlights
Home typeTownhouse
HeatingForced Air
StatusActive
(ACTIVE)
(ACTIVE)
Size1,128 sqft
BasementYes
Lot size0.07 Acres
Year built1912
ParkingOn Street
MLS #NJCB2024582
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 3
- Parking: On Street
- Architectural Style: Colonial
- Heating: Forced Air
- Cooling: None
- List Price: $125,000
- Price/SqFt: $110
- Annual Tax Amount: $2,455
- Tax Year: 2024
- Directions: GPS.
- Year Built: 1912
- Stories: 2
- Living Area: 1,128 SqFt
- Municipality: Millville City
- Lot Size: 0.07 Acres
- MLS Number: NJCB2024582
- MLS Name: BRIGHT
- Office Name: DePalma Realty
- Office Phone: (856) 825-5500
- Listing Agent: Michael DePalma
- Agent Phone: (609) 501-4162
- Agent Email: michael.depalma4@gmail.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 6:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$125,000
123 W Foundry St
$1,484
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 16, 2021 | Home Sold | $46,900 |
| Jan 28, 2000 | Home Sold | $37,800 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $63,100 | $2,455 |
| 2022 | $63,100 | $2,314 |
| 2021 | $63,100 | $2,314 |
| 2020 | $63,100 | $2,276 |
| 2019 | $63,100 | $2,125 |
History based on county public records data.
Nearby schools
4
Mount Pleasant Elementary School
Public District KG-5
1.0 mi
•100 Carmel Rd
1
Silver Run Elementary School
Public District KG-5
1.3 mi
•301 Silver Run Rd
2
R. M. Bacon Elementary School
Public District KG-5
1.4 mi
•501 S 3rd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,308. The majority of Millville, NJ residents have income less than $<35k annually. Most families are single, with kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
52%
<35k
35%
35k-100k
13%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
37%
Single, No Kids
39%
Single, with Kids
10%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
14%
12-17 yrs old
26%
18-34 yrs old
32%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
Soccer
Where do the neighbors shop?
Family Dollar
Burlington
Forever 21
Where do the neighbors go to eat?
Burger King
Popeyes
Dominos Pizza
What do the neighbors drive?
Buick
Dodge
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 123 W Foundry St
The listing price of 123 W Foundry St property is $125,000.
The property 123 W Foundry St is a townhouse located in Millville, New Jersey, 08332.
Active Listing: 123 W Foundry St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 123 W Foundry St are: Mount Pleasant Elementary School (GreatSchools Rating 4/10), Silver Run Elementary School (GreatSchools Rating 1/10), R. M. Bacon Elementary School (GreatSchools Rating 2/10), Lakeside Middle School (GreatSchools Rating 3/10), Sgt. Dominick Pilla Middle School (GreatSchools Rating 2/10), Anthony Rossi Middle School (GreatSchools Rating 5/10), Millville Public Charter School (GreatSchools Rating 2/10), Millville Senior High School (GreatSchools Rating 2/10), Cumberland County Technical Education Center (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $2,455 (source: MLS/based on county public records data).
The last sale was on September 16, 2021 for $46,900 (source: MLS/tax record).
The property at 123 W Foundry St has 3 bedrooms and 1 bathroom.
The property 123 W Foundry St is 1,128 SqFt (source: MLS/tax record).
The year of construction for 123 W Foundry St is 1912.
This home is located at 123 W Foundry St in Millville, NJ and zip code 08332. This 1,128 square foot home, which was built in 1912, sits on a 0.07 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $125,000.
Between April and May 2025, Millville, NJ real estate market has seen increase in the number of listings by 32.7%. While the average time on the market in May 2025 was 73 days, the median list price was $270,000.
From Rocket Homes Real Estate and based on county public records data.