Duplex with Loft
For Sale
$285,000
101 S West Ave, Vineland, NJ 08360
Two-unit property with a two-bedroom lower residence and an upper unit featuring loft space.
Property Size1,746 SF
Price / SF$163.23
Days on Market53
Property Features for 101 S West Ave
General Information
Standard status
Active
Size
1,746 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR with loft
Multifamily Units
2
Building Details
Year Built
1928
Buildings
1
Listing Agency:
Fathom Realty NJ, LLC
Listed By:
Tracy Gallo · License #1863996
(609) 217-1880
Source:
Soldbypattie
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 7 at 1:42PM
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 Fathom Realty NJ, LLC
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Investment Insights
Based on property information with market context.
Built in 1928, this 1,746-square-foot duplex at 101 S West Ave includes two distinct residential units. The lower residence offers two bedrooms and one bathroom and is occupied by a long-term tenant. The upper unit has one bedroom plus a loft that can provide additional storage or flexible living space.
Exterior features include a classic fence, professionally landscaped grounds, and strong natural light. The property is located in Vineland, NJ, providing a defined two-unit configuration with a differentiated upper-level layout.
Exterior features include a classic fence, professionally landscaped grounds, and strong natural light. The property is located in Vineland, NJ, providing a defined two-unit configuration with a differentiated upper-level layout.
Key Highlights
- 1,746‑square‑foot duplex built in 1928
- Lower unit includes 2 bedrooms and 1 bathroom
- Upper unit features 1 bedroom and a loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,706
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,120
$454.1K
Cap Rate 7%
$324,371
$324.4K
Cap Rate 9%
$252,289
$252.3K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$34.6K $19.80/SF
− Vacancy
−$2.1K −$1.22/SF
EGI
$32.4K $18.58/SF
− OpEx
−$9.7K −$5.57/SF
NOI
$22.7K $13.00/SF
Area
Cumberland County, NJ
Vacancy
6.17%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,120
Cap Rate 7%
$324,371
Cap Rate 9%
$252,289
Alternative Uses
Best Use
Multifamily LT 5
$324.4K
$283.8K – $378.4K
NOI $22,706 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$298.6K
$261.3K – $348.4K
NOI $20,903 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,514 @ 7.0% cap · market cap 64.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
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Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a two-bedroom lower residence and an upper unit featuring loft space.
Where is this duplex located?
The property is located at 101 S West Ave Vineland, NJ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,746‑square‑foot duplex built in 1928; Lower unit includes 2 bedrooms and 1 bathroom; Upper unit features 1 bedroom and a loft
