About 403 Wood St
Tenant-occupied investment property located at 403 Wood St in Burlington, NJ, being sold strictly in as-is condition. Current lease generates $2,400 per month ($28,800 annually) through December 30, 2025, providing immediate cash flow for the next owner. Annual property taxes are approximately $5,147, producing a net operating income of about $23,653. At the asking price of $260,000, this equates to an estimated cap rate between 8.7%–9%, a healthy return for the Burlington market. The tenant has already completed updates including kitchen appliance replacements, toilet upgrades, interior repainting, and backyard landscaping, with additional upside available through further renovations. Conveniently located near the Delaware River waterfront with easy access to Route 130, I-295, and the NJ Transit River Line, this property offers both stability and strong growth potential for investors.
Features of 403 Wood St
| MLS® # | NJBL2095292 |
|---|---|
| Price | $260,000 |
| Bedrooms | 4 |
| Bathrooms | 1.50 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 1,816 |
| Acres | 0.05 |
| Year Built | 1890 |
| Type | Residential |
| Sub-Type | Twin/Semi-Detached |
| Style | Traditional, Colonial |
| Status | Active |
Community Information
| Address | 403 Wood St |
|---|---|
| Area | Burlington City (20305) |
| Subdivision | NONE AVAILABLE |
| City | BURLINGTON |
| County | BURLINGTON-NJ |
| State | NJ |
| Municipality | BURLINGTON CITY |
| Zip Code | 08016 |
Amenities
| Amenities | Carpet, CeilngFan(s), Formal/Separate Dining Room, Tub Shower, Crown Molding, Wood Floors |
|---|---|
| Utilities | Cable TV, Natural Gas Available |
| Is Waterfront | No |
Interior
| Heating | Hot Water, Radiator |
|---|---|
| Cooling | Wall Unit |
| Has Basement | Yes |
| Basement | Full, Unfinished |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Exterior | Frame |
|---|---|
| Exterior Features | Patio, Porch(es), Porch-enclosed |
| Lot Description | Rear Yard |
| Roof | Shingle |
| Foundation | Block |
School Information
| District | BURLINGTON CITY SCHOOLS |
|---|
Additional Information
| Date Listed | September 2nd, 2025 |
|---|---|
| Days on Market | 44 |
| Zoning | TRN |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RealtyMark Properties |
|---|---|
| Contact Info | 8563220200 |