400 N Black Horse Pike - Apartments FOR SALE


Blackwood, NJ 08012
$4,950,000 USD
201-953-9532
400 N Black Horse Pike, Blackwood, NJ for Sale
$4,950,000 USD
Apartments - FOR SALE
1/8
null | 6.3% Cap Rate

400 N Black Horse Pike
Blackwood, NJ 08012


HIGHLIGHTS

  • Prime Location Situated on N Black Horse Pike w/ direct highway access
  • Less than 45 Min to Philadelphia via Bus
  • +$250/month Rent Upside
  • 2 Min Walk to Nearby Bus Stop to Philadelphia
  • Long-Term Owner 40+ Years of Ownership

OVERVIEW

Ivanhoe Apartments, located in Blackwood, is a 33-unit residential community comprised entirely of one-bedroom layouts. Each unit offers functional interiors with spacious closets, energy-efficient mini-blinds, and updated kitchens equipped with range ovens, refrigerators, and dishwashers in many units. Select apartments feature private balconies or patios, while others are marketed at a slight discount. In-unit air conditioning provides year-round comfort, and residents benefit from on-site laundry facilities, off-street parking, and pet-friendly policies. With tenants responsible for heat, hot water, and electricity, and with stable occupancy at below-market rents, Ivanhoe presents strong upside potential through targeted interior upgrades, operational efficiencies, and rent repositioning. The property is strategically located along North Black Horse Pike, a high-visibility corridor with direct access to Route 42 and regional employment hubs. A new roof, completed in 2024, enhances long-term asset durability and reliability. Residents enjoy convenient NJ Transit service, with the nearby Route 168 and Lincoln Avenue stop offering direct access to Philadelphia in just 45 minutes. The community is also near Gloucester Premium Outlets, Cherrywood Plaza, and recreational amenities such as Ron Jaworski’s Valleybrook Country Club. Major employers in the area include Camden County College, Pennco Tech, and Fun City Adventure Park. This prime location, combined with strong regional amenities and employment drivers, positions Ivanhoe Apartments for sustained renter demand and long-term growth potential. Visit for additional information: https://ivanhoe.hudsonatlantic.com

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

33

PRICE/UNIT

$150,000

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ivanhoe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

N/Av

APN/PARCEL ID

15-10601-0000-00009

ASK ABOUT THIS PROPERTY

Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.