1244 GARRY Avenue Vineland, NJ 08361
MULTI_FAMILY - Ranch - VINELAND, NJ
- Added:
- Dec 1, 2025
- Days on Market:
- 222
- Last Refresh:
- Jul 11 at 6:06 am
Property Features for 1244 GARRY Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Parking
- 6
- Parking features
- Off Street, Driveway
- Standard status
- Active
- Size
- 1,728 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4659
Building Details
- Year built
- 1955
- Number of units
- 1
- Architectural style
- Ranch
Listing agent Carlo Drogo Sr. License #1756500 (856) 333-3760
Listing office EXP Realty, LLC 28 Valley Road unit: 1, Montclair, NJ (866) 201-6210
Listing date Dec 1, 2025
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The duplex is located at 1244 Garry Avenue in Vineland, New Jersey (08361), within Cumberland County. This is a for-sale opportunity presented for buyers looking to acquire a duplex with existing tenants in place.
For investors, this setup may fit well for those seeking an income-producing duplex while planning for renovation and septic replacement. For owner-occupants considering a house hack scenario, the separate unit layout can support managing one unit while improving the property. Financing options mentioned include cash, conventional, or 203k buyers, though specific eligibility should be confirmed with the lender and program guidelines.
Key Highlights
- Ranch‑style duplex built in 1955 with off‑street parking and a driveway
- Duplex unit mix: Unit A is a 2‑bedroom rented for $950/month
- Duplex unit mix: Unit B is a 1‑bedroom rented for $750/month
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.2k | $23.28 |
| − Vacancy | −$2.6k | −$1.51 |
| EGI | $37.6k | $21.77 |
| − OpEx | −$16.9k | −$9.80 |
| NOI | $20.7k | $11.97 |
