101-103 N LAUREL Street, Millville, NJ 08332
MULTI_FAMILY - Bungalow - MILLVILLE, NJ
- Added:
- Jul 3, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 6 at 7:06 pm
Property Features for 101-103 N LAUREL Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Driveway
- Standard status
- Active
- Size
- 1,679 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2737
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1917
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Bungalow
Listing agent Carol Terrell License #0227464 (856) 534-4238
Listing office Keller Williams - Main Street 983 Haddon Avenue, Collingswood or Haddon Heights, NJ (856) 858-2200
Listing date Jul 3, 2026
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.
HighLights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
- Tenants already in place generating rental income; annual NOI approximately $35,320.80
- Built in 1917 (bungalow) with frame construction
- Forced air heating with central air and ceiling fan(s)
- Parking includes on‑street and a driveway
- Being sold as‑is; all units are up to date with TWP CO's (and housing where necessary)
Overview
The property is located at 101-103 N Laurel Street in Millville, New Jersey, in Cumberland County. The seller also notes the asset is part of a larger portfolio with multiple locations throughout New Jersey.
For buyers seeking an income-producing residential income property, the duplex is currently tenant-occupied and is producing an annual NOI of approximately $35,320.80, according to the seller’s remarks. Buyers may be eligible for a discount when purchasing more than one portfolio property or acquiring the portfolio as a package, and the seller indicates the possibility of creative financing, including a potential mortgage take-over. The seller would like the purchase to be handled through the seller’s title company, and buyers are responsible for their own due diligence prior to closing.
Local 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 | $33.2k | $19.80 |
| − Vacancy | −$2.1k | −$1.22 |
| EGI | $31.2k | $18.58 |
| − OpEx | −$9.4k | −$5.57 |
| NOI | $21.8k | $13.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.05673
- Latitude
- 39.39914
