Two-Unit Duplex Residential
520 GILMORE Street Vineland, NJ 08360
New
For Sale
$250,000
MULTI_FAMILY - Other - VINELAND, NJ
Property Size1,395 SF
Lot Size0.16 Acres
Price / SF$179.21
Days on Market2
Property Features for 520 GILMORE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Family Room, Basement
Parking
3
Parking features
Driveway, On Street
Interior features
Bathroom - Tub Shower, Family Room Off Kitchen, Floor Plan - Traditional, Bathroom - Stall Shower
Standard status
Active
Size
1,395 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
3888
Utilities
Heating system
Forced Air
Building Details
Year built
1915
Number of units
1
Architectural style
Other
Listing Agency:
Keller Williams Prime Realty
(856) 362-5072
Listed By:
Sarah Johnson · License #1643686
(541) 359-5309
Added: Jul 28
Last Checked: Jul 29 at 12:06PM
MLS# NJCB2031930
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.
This duplex property offers an upstairs and a downstairs unit, each with 2 bedrooms and 1 bathroom. The downstairs unit includes a large front porch and has vinyl plank and tile flooring, with a tub/shower combination in the bathroom. The upstairs unit includes a shower stall in its bathroom. Basement space houses the HVAC, including a forced air oil and gas heater, along with updated hot water heaters (electric and gas), and also provides washer and dryer area. A shared back yard includes a large garden area.
The property is located on a quiet street off Park Avenue in Vineland, close to shopping areas, downtown, and the city park.
Both units are described as being on month-to-month leases, supporting an owner-occupant or investment purchase for an immediate transition.
The property is located on a quiet street off Park Avenue in Vineland, close to shopping areas, downtown, and the city park.
Both units are described as being on month-to-month leases, supporting an owner-occupant or investment purchase for an immediate transition.
Key Highlights
- Duplex with two units in the heart of Vineland on a quiet street off Park Avenue
- Upstairs unit: 2 bedrooms and 1 bath; shower stall
- Downstairs unit: 2 bedrooms and 1 bath with tub/shower combo; large front porch; currently rents for $1,000/month
Financial Insights For Multifamily LT 5
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 | $27.6k | $19.80 |
| − Vacancy | −$1.7k | −$1.22 |
| EGI | $25.9k | $18.58 |
| − OpEx | −$7.8k | −$5.57 |
| NOI | $18.1k | $13.00 |
1,395 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$259.2K
$226.8K – $302.4K
NOI $18,142 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$238.6K
$208.8K – $278.4K
NOI $16,701 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,622 @ 7.0% cap · market cap 58.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Vineland with two 2-bedroom, 1-bath units plus shared basement utility space with HVAC.
Where is this duplex located?
The property is located at 520 GILMORE Street Vineland, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex with two units in the heart of Vineland on a quiet street off Park Avenue; Upstairs unit: 2 bedrooms and 1 bath; shower stall; Downstairs unit: 2 bedrooms and 1 bath with tub/shower combo; large front porch; currently rents for $1,000/month
