Two-Unit Duplex Income
101-103 North Laurel Street Millville, NJ 08332
101-103 North Laurel Street, Millville, NJ, 08332
$260,000
For Sale
$260,000
Two-unit duplex offered with existing tenants, each unit featuring two bedrooms and one bathroom.
Property Size1,679 SF
Price / SF$154.85
Days on Market27
Property Features for 101-103 North Laurel Street
General Information
- Standard status
- Active
- Size
- 1,679 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1917
Listing agency
Keller Williams - Main Street
(856) 534-4238
Listed by
Carol Terrell · License #0227464
(856) 534-4238
Source
Compass
Added: Jun 26 Updated: Jul 21 at 9:03PM Checked: Jul 21 at 9:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams - Main Street
Investment Insights
Based on property information with market context.
This two-unit duplex contains two bedrooms and one bathroom in each unit. The property is being sold as part of a larger portfolio, with tenants in place generating rental income. The seller notes the annual NOI is approximately $35,320.80 and the property is offered for purchase as-is.
The duplex is located in Millville, NJ 08332, in Cumberland County. The listing indicates it is in a convenient area near local parks, dams, bridges, eateries, and entertainment, with a bus stop less than 1 mile away.
According to the seller, units are up to date with TWP COs and housing where necessary. The seller would like the buyer to use the seller’s title company, and buyers are responsible for conducting their own due diligence prior to purchase.
The duplex is located in Millville, NJ 08332, in Cumberland County. The listing indicates it is in a convenient area near local parks, dams, bridges, eateries, and entertainment, with a bus stop less than 1 mile away.
According to the seller, units are up to date with TWP COs and housing where necessary. The seller would like the buyer to use the seller’s title company, and buyers are responsible for conducting their own due diligence prior to purchase.
Key Highlights
- Two‑unit duplex built in 1917, with 2 bedrooms and 1 bathroom in each unit
- Occupied with tenants already in place, generating rental income
- Approx. annual NOI of $35,320.80
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 |
1,679 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$311.9K
$272.9K – $363.9K
NOI $21,835 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.0K
NOI $20,101 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,472 @ 7.0% cap · market cap 67.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex offered with existing tenants, each unit featuring two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 101-103 North Laurel Street Millville, NJ.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1917, with 2 bedrooms and 1 bathroom in each unit; Occupied with tenants already in place, generating rental income; Approx. annual NOI of $35,320.80
