Backup offers
$6,234 Closing Credit¹
#NJCD2086002, Ryan Sullivan, Listing Office: Penn-Jersey Realty, LLC
$715,000 List price
617 Newton Ave Oaklyn, NJ 08107
$8,491
Closing credit¹
6,042 sqft
0.2 acres
$118 / sqft
House
Property details
About 617 Newton Ave
PRIME INVESTMENT OPPORTUNITY SITUATED ON A QUIET CORNER LOT IN OAKLYN!!! Don't miss this staggering x6 unit building featuring x4 2BD/1BTH units & x2 1BD/1BTH units along with a private basement & spacious private parking lot! Units are filled with an abundance of natural light & brimming with historic charm as well as updated touches & upgrades. Brand new high efficiency heater with separate electric & gas. Tenants are responsible for electric & gas, the landlord is responsible for water & heat. Property is currently generating 7k/mo in rental income with room for tremendous growth. Whether you are a savvy investor looking to add SIX quality doors to your portfolio or an owner-occupant buyer living in either one of the 1 or 2 bedroom units while letting the tenants pay your mortgage AND still generating positive cash flow - then this incredible value add is for you! **Offer memorandum w/ rent roll & financials attached in Bright documents.
Highlights
Home typeOther
HeatingRadiant
StatusActive
(ACTIVE)
(ACTIVE)
Size6,042 sqft
BasementYes
Lot size0.24 Acres
Year built1935
ParkingGravel Driveway, Parking Lot
MLS #NJCD2085252
Summary
- MLS Number: NJCD2085252
- MLS Name: BRIGHT
- Office Name: Keller Williams - Main Street
- Office Phone: (856) 858-2200
- Office Email: njrealtortara@gmail.com
- Listing Agent: Patrick M Gorman
- Agent Phone: (856) 200-8320
- Agent Email: patrick.gorman@gormangrouprealtors.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: 3/2/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$715,000
617 Newton Ave
$8,491
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 17, 2020 | Home Sold | $292,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $291,600 | $14,862 |
| 2022 | $291,600 | $13,794 |
| 2021 | $291,600 | $13,794 |
| 2020 | $291,600 | $13,620 |
| 2019 | $291,600 | $12,973 |
History based on county public records data.
Nearby schools
7
Clyde S. Jennings Elementary School
Public District KG-5
0.4 mi
•100 W Cedar Ave
4
Thomas Sharp Elementary School
Public District PK-5
0.9 mi
•400 Comly Ave
6
Mansion Avenue School
Public District 3-6
1.0 mi
•300 Mansion Ave
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 $51,074. The majority of Oaklyn, NJ residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
33%
<35k
52%
35k-100k
14%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
9%
Single, with Kids
16%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
6%
12-17 yrs old
25%
18-34 yrs old
47%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Tennis
Where do the neighbors shop?
Banana Republic
IKEA
Crate & Barrel
Where do the neighbors go to eat?
Jack In The Box
Quiznos
Starbucks
What do the neighbors drive?
Toyota
Lexus
BMW
What do the neighbors listen to?
Jazz
Soft Adult Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 617 Newton Ave
This home is located at 617 Newton Ave in Oaklyn, NJ and zip code 08107. This 6,042 square foot home, which was built in 1935, sits on a 0.24 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since February 13, 2025 and is currently priced at $715,000.
Over 1 listings were sold over their listed price in February 2025 in Oaklyn, NJ. In the same period over 2 listings were sold below the listed price and 2 listings were sold for the listed price. Between January and February 2025, Oaklyn, NJ real estate market has seen decrease in the number of listings by 13.3%. In February 2025 median list price was $321,500 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.