143-145 Oak St · Bridgeton, NJ 08302

$195,000

6 bd · 0.0 ba · 3,009 sqft · SingleFamily public records · 9 Days on market

Built 1900 5,916 sqft lot

---

Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.3/30.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• 1% rule +5.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

CASH INVESTORS THIS IS IT!!! A great buy and hold opportunity. This triplex needs a little bit of TLC but is already currently rented for instant cashflow. It boasts 9 bedrooms and 6 baths. Buyer is responsible for all inspectors, certifications needed by the township, and pay sellers closing costs. This property is strictly sold AS-IS. The seller makes no warranties either expressed or implied as to the condition. It is the buyers responsibility to inspect the property and assume all risks.

Key facts

• 5,916 sq ft lot
• Built 1900
• Listed 9 days

Property features AI

Finance

• Financial info: Three total units; All units currently listed as vacant

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Natural gas hot water
• Home design: Detached property; 2 stories; Fee simple ownership
• Construction: Frame construction; Concrete perimeter foundation; Above-grade and below-grade structures; Estimated year built
• Exterior features: No tidal water

Interior

• Bedrooms: Two 3-bedroom units
• Heating & cooling: Radiator heating; Natural gas heating; Cooling: other fuel source
• Interior features: Estimated living area; Unfinished basement

What this means for you Summary

Snapshot

• This is a 6-bed/?-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $216 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Cap rate 7.6% vs local median 5.0% in Bridgeton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#240 in NJ) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, housing A-; Watch: employment D, crime F.
• Bridgeton City School District (town): math 4% / reading 21% proficiency, ranked #468 of 472 in NJ (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Broad Street School (math 2% / reading 15%, grade F, #1,261 of 1,303 statewide, top 97%, 773 students, 0% FRL); Bridgeton High School (math 5% / reading 29%, grade F, #378 of 399 statewide, top 95%, 1,681 students, 0% FRL) — zoned schools average 0% FRL vs 56% district-wide (56 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 203 active listings in the ZIP; 216 units permitted in Cumberland County in 2024 (73 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Cumberland County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $155k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 68% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,000

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 7.62%
• Cash-on-cash: 4.74%
• DSCR: 1.21
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.67×
• Total profit: $-17,774
• Equity at exit: $29,075

10-year hold

• IRR: 0.7%
• Equity multiple: 1.05×
• Total profit: $2,559
• Equity at exit: $16,860

Cash invested: $54,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08302

• Home prices YoY: -24.0%
• Active inventory: 203
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,089 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$331 /mo · $3,966/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $216

Break-even live

Break-even rent $1,816

Max offer price $195,000

Occupancy floor 85%

Sensitivity live

Price	-10% $326	-5% $271	+0% $216	+5% $161	+10% $105
Rent	-10% $51	-5% $133	+0% $216	+5% $298	+10% $381
Rate	-1.0pp $314	-0.5pp $265	base $216	+0.5pp $165	+1.0pp $114

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-21
   days on market $195,000 Active 9 DOM
2. 2026-06-21
   days on market $195,000 Active 8 DOM
3. 2026-06-18
   days on market $195,000 Active 6 DOM
4. 2026-06-17
   days on market $195,000 Active 5 DOM
5. 2026-06-16
   days on market $195,000 Active 4 DOM
6. 2026-06-15
   days on market $195,000 Active 3 DOM
7. 2026-06-13
   remarks 669-char remark
8. 2026-06-13
   listed $195,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $3,966 · $331/mo
• Projected year-2 tax: $4,411 · $368/mo
• Expected delta: +$445/yr (+$37/mo · 11.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,065
• − Mortgage interest: −$10,923
• − Property taxes: −$3,966
• − Insurance: −$975
• − Repairs & maintenance: −$2,005
• − Management: −$2,005
• − Depreciation: −$5,673
• Taxable loss: −$483
• Est. tax savings @ 24.0%: +$116
• After-tax cash flow: $2,705/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bridgeton City School District
• NCES district ID: 3402250
• Math proficiency: 4% ▼ -8.00%
• Reading proficiency: 21% ▲ 3.00%
• Median HH income: $34,542
• Composite: 10.15/100
• National rank: #9797
• State rank: #468 of 472 in NJ

Livability — Bridgeton

• Score: 71/100
• State rank: #240
• US rank: #6660

Category grades

Amenities B Commute A+ Cost of living B+ Crime F Employment D Housing A- Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeton, NJ
• Population (ZIP): 47,003

Population outlook (Cumberland County) Hauer SSP2

• Today (2025): 152,743 people
• By 2030: 150,373 · -1.6%
• By 2040: 146,881 · -3.8%
• By 2050: 142,653 · -6.6%
• By 2075: 129,468 · -15.2%
• By 2100: 107,456 · -29.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Hispanic / Latino 39% White 30% Black 25% Two or more races 19% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 25% Puerto Rican 8% Dominican 2%
• Common ancestry: Romanian 2%
• Foreign-born: 17% · Canada, Jamaica
• Languages at home: 64% English-only · Spanish 34% Other Indo-European 1%

Political lean MEDSL · Cumberland

• 2024 margin: Toss-up / Even · D 47.6% · R 51.3% · Other 1.1%
• 2008→2024 swing: -25.4pp toward R · 2008: 21.6pp · 2024: -3.8pp
• All cycles: 2024: R+3.8 2020: D+6.0 2016: D+5.3 2012: D+23.1 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.94%
• Current HPI: 290.6461
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+97.0% since first listed

28 events — show timeline

• 2026-06-12 Listed $195,000 BRIGHT MLS
• 2022-06-07 Sold (Public Records) $155,000 Public Records
• 2022-06-03 Sold (MLS) $155,000 BRIGHT MLS
• 2022-05-02 Pending — BRIGHT MLS
• 2022-04-10 Listing Removed — BRIGHT MLS
• 2022-03-16 Price Changed $175,000 BRIGHT MLS
• 2022-03-11 Listed $185,000 BRIGHT MLS
• 2013-09-30 Sold (MLS) $40,000 BRIGHT MLS
• 2013-07-29 Listing Removed — BRIGHT MLS
• 2013-06-18 Listed $79,900 BRIGHT MLS
• 2013-06-17 Listing Removed — BRIGHT MLS
• 2012-06-18 Listed $99,900 BRIGHT MLS
• 2010-04-22 Sold (MLS) $179,000 TREND
• 2010-02-22 Listing Removed — BRIGHT MLS
• 2010-02-08 Listed — TREND
• 2009-02-22 Listed $179,900 BRIGHT MLS
• 2007-07-23 Listed $206,000 BRIGHT MLS
• 2007-07-23 Listing Removed — BRIGHT MLS
• 2006-04-24 Sold (Public Records) $182,000 Public Records
• 2006-04-11 Sold (MLS) $182,000 SJSRMLS
• 2006-03-27 Listing Removed — SJSRMLS
• 2006-02-28 Listing Removed — BRIGHT MLS
• 2005-12-29 Listed $199,900 BRIGHT MLS
• 2005-09-29 Listed $199,900 SJSRMLS
• 2003-01-21 Sold (Public Records) $99,000 Public Records
• 2002-12-09 Sold (MLS) $99,000 SJSRMLS
• 2002-10-10 Listing Removed — SJSRMLS
• 2002-09-23 Listed $99,000 SJSRMLS

Property tax history

+0.6%/yr

Latest (2025): $3,966 · +9.5% YoY. Source: county tax records.