137-139 N Laurel St · Bridgeton, NJ 08302

$224,900

4 bd · 0.0 ba · 1,960 sqft · SingleFamily public records · 32 Days on market

Built 1900 7,526 sqft lot Est $223k · at est.

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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 +15.9/30.0
• ARV discount +7.2/15.0
• DSCR +4.9/10.0
• 1% rule +4.4/10.0
• 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

Fully occupied side by side duplex showing positive cash flow. Offers 2 bedrooms (each unit) with all seperate utilities, newer roof, storage attic and fenced in yard.

Key facts

• Side-by-side duplex
• Kitchen
• Front porch

Tags

• SIDE-BY-SIDE DUPLEX
• FRONT PORCH
• REAR BACKYARD
• FENCED SEPARATION
• LIVING ROOM
• KITCHEN

Property features AI

Finance

• Other: Ownership is fee simple; Two total units (both reported as two-bedroom)

Exterior

• Parking: On-street parking; Alley access; Other parking options
• Utilities: Public water; Public sewer
• Home design: Detached structure; Above-grade finished area reported as 1,960 (assessor)
• Construction: Frame construction; Stone and other foundation; Other above- and below-grade structures
• Exterior features: Lot approximately 53 x 142; No tidal water

Interior

• Bedrooms: Two 2-bedroom units (multi-family)
• Heating & cooling: Forced air heating; Natural gas heating; Natural gas hot water
• Interior features: Assessor reported living area source

What this means for you Summary

Snapshot

• This is a 4-bed/?-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (6.0% below list).
• Recommended offer: $211k (6.0% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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 $2k of loan paydown is wiped out by about $7k 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

• It's been on market 32 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 17y 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 $180k; 25% 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 $211,469 (6.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.94% ✗
• Cap rate: 6.87%
• Cash-on-cash: 2.06%
• DSCR: 1.09
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $223,440
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
233 W Commerce St	0.72mi	4/1.5	1,951 (-0%)	23mo	$223,000	$114	40
25 N Lawrence St	0.59mi	3/2.0 (-1)	2,000 (+2%)	22mo	$300,000	$150	38
105 Hampton St	0.73mi	5/1.5 (+1)	2,166 (+10%)	1mo	$173,000	$80	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -13.0%
• Equity multiple: 0.53×
• Total profit: $-29,528
• Equity at exit: $33,533

10-year hold

• IRR: -4.0%
• Equity multiple: 0.73×
• Total profit: $-16,704
• Equity at exit: $19,445

Cash invested: $62,972 (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: 8.9×

Monthly cashflow live

• Estimated rent: $2,115 medium
• Mortgage (P&I): −$1,179
• Tax from tax record: −$290 /mo · $3,474/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$444
• Net cashflow: $108

Break-even live

Break-even rent $1,978

Max offer price $224,900

Occupancy floor 90%

Sensitivity live

Price	-10% $235	-5% $172	+0% $108	+5% $44	+10% $-19
Rent	-10% $-59	-5% $24	+0% $108	+5% $192	+10% $275
Rate	-1.0pp $221	-0.5pp $165	base $108	+0.5pp $50	+1.0pp $-10

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-12
   statusdays on market $224,900 Pending 32 DOM
2. 2026-06-09
   days on market $224,900 Active 29 DOM
3. 2026-06-08
   days on market $224,900 Active 28 DOM
4. 2026-06-07
   days on market $224,900 Active 27 DOM
5. 2026-06-04
   days on market $224,900 Active 23 DOM
6. 2026-06-02
   days on market $224,900 Active 22 DOM
7. 2026-06-01
   days on market $224,900 Active 21 DOM
8. 2026-05-31
   days on market $224,900 Active 20 DOM
9. 2026-05-11
   listed $224,900 Active 790-char remark
10. 2020-09-19
    historical
11. 2014-08-14
    soldstatus $65,000
12. 2014-08-08
    soldstatus $65,000

    Show marketing remark (167 chars)

    Fully occupied side by side duplex showing positive cash flow. Offers 2 bedrooms (each unit) with all seperate utilities, newer roof, storage attic and fenced in yard.

13. 2014-08-08
    soldstatus $65,000

    Show marketing remark (167 chars)

    Fully occupied side by side duplex showing positive cash flow. Offers 2 bedrooms (each unit) with all seperate utilities, newer roof, storage attic and fenced in yard.

14. 2014-08-08
    soldstatus $65,000

    Show marketing remark (167 chars)

    Fully occupied side by side duplex showing positive cash flow. Offers 2 bedrooms (each unit) with all seperate utilities, newer roof, storage attic and fenced in yard.

15. 2014-08-04
    historical
16. 2014-07-24
    historical
17. 2014-06-18
    listed $75,000

    Show marketing remark (167 chars)

    Fully occupied side by side duplex showing positive cash flow. Offers 2 bedrooms (each unit) with all seperate utilities, newer roof, storage attic and fenced in yard.

18. 2014-06-18
    listed $75,000

    Show marketing remark (167 chars)

    Fully occupied side by side duplex showing positive cash flow. Offers 2 bedrooms (each unit) with all seperate utilities, newer roof, storage attic and fenced in yard.

19. 2014-06-18
    listed $65,000

    Show marketing remark (167 chars)

    Fully occupied side by side duplex showing positive cash flow. Offers 2 bedrooms (each unit) with all seperate utilities, newer roof, storage attic and fenced in yard.

20. 2014-06-18
    listed

    Show marketing remark (167 chars)

    Fully occupied side by side duplex showing positive cash flow. Offers 2 bedrooms (each unit) with all seperate utilities, newer roof, storage attic and fenced in yard.

21. 2014-05-14
    historical
22. 2014-05-13
    historical
23. 2011-05-23
    listed $75,000
24. 2011-05-23
    listed $75,000
25. 2011-04-14
    historical
26. 2010-04-13
    historical
27. 2009-04-13
    listed $129,000
28. 2009-04-13
    listed $129,000
29. 2004-10-06
    soldstatus $50,000
30. 1993-09-08
    soldstatus $45,000

ⓘ 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: $3,474 · $290/mo
• Projected year-2 tax: $4,537 · $378/mo
• Expected delta: +$1,063/yr (+$89/mo · 30.6%)

ⓘ 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 4/10 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: $25,376
• − Mortgage interest: −$12,598
• − Property taxes: −$3,474
• − Insurance: −$1,124
• − Repairs & maintenance: −$2,030
• − Management: −$2,030
• − Depreciation: −$6,543
• Taxable loss: −$2,423
• Est. tax savings @ 24.0%: +$581
• After-tax cash flow: $1,878/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

+300.0% since first listed

24 events — show timeline

• 2026-06-16 Sold (MLS) $180,000 BRIGHT MLS
• 2026-06-12 Pending — BRIGHT MLS
• 2026-05-11 Listed $224,900 BRIGHT MLS
• 2020-09-19 Listing Removed — BRIGHT MLS
• 2014-08-14 Sold (Public Records) $65,000 Public Records
• 2014-08-08 Sold (MLS) $65,000 SJSRMLS
• 2014-08-08 Sold (MLS) $65,000 TREND
• 2014-08-08 Sold (MLS) $65,000 BRIGHT MLS
• 2014-08-04 Listing Removed — BRIGHT MLS
• 2014-07-24 Listing Removed — SJSRMLS
• 2014-06-18 Listed $75,000 SJSRMLS
• 2014-06-18 Listed — TREND
• 2014-06-18 Listed $65,000 BRIGHT MLS
• 2014-06-18 Listed $75,000 BRIGHT MLS
• 2014-05-14 Listing Removed — SJSRMLS
• 2014-05-13 Listing Removed — BRIGHT MLS
• 2011-05-23 Listed $75,000 BRIGHT MLS
• 2011-05-23 Listed $75,000 SJSRMLS
• 2011-04-14 Listing Removed — SJSRMLS
• 2010-04-13 Listing Removed — BRIGHT MLS
• 2009-04-13 Listed $129,000 BRIGHT MLS
• 2009-04-13 Listed $129,000 SJSRMLS
• 2004-10-06 Sold (Public Records) $50,000 Public Records
• 1993-09-08 Sold (Public Records) $45,000 Public Records

Property tax history

+0.5%/yr

Latest (2025): $3,474 · +9.5% YoY. Source: county tax records.