531 N 5th Street Millville, NJ 08332
MULTI_FAMILY - Millville, NJ
- Added:
- Jan 13, 2026
- Days on Market:
- 178
- Last Refresh:
- Jul 10 at 10:06 pm
Property Features for 531 N 5th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 4
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 10-00372-0000-00013
- Size
- 2,881 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6157
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 4
Listing agent John Natale License #0790719 (855) 450-0442
Listing office Real Broker, LLC 165 Passaic Ave. Ste 205, HADDON TOWNSHIP, NJ (855) 450-0442
Listing date Jan 13, 2026
Copyright © 2026 More 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 property is located at 531 N 5th Street in Millville, New Jersey (08332), within Cumberland County. The lot size is listed at 0.14 acres.
For buyers seeking a small multifamily asset, this quadplex provides an owner the structure of four similar apartment units in a single investment. Because the sale is offered as-is, buyers should plan to conduct their own due diligence regarding the property’s condition and any required updates prior to closing. The in-place rent figures noted in the listing may be a useful reference point for underwriting, given that the unit mix is clearly stated as four two-bedroom, one-bath homes.
Key Highlights
- Four‑family property with four separate 2‑bedroom, 1‑bath apartments
- Each unit is rented for $1,200
- Public water service available
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 | $67.1k | $23.28 |
| − Vacancy | −$4.4k | −$1.51 |
| EGI | $62.7k | $21.77 |
| − OpEx | −$28.2k | −$9.80 |
| NOI | $34.5k | $11.97 |
