1011 E MAIN Street, Millville, NJ 08332
MULTI_FAMILY - Bungalow - MILLVILLE, NJ
- Added:
- Jul 3, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 7 at 12:06 am
Property Features for 1011 E MAIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 6
- Parking features
- On Street, Driveway
- Standard status
- Active
- Size
- 1,342 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3102
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1919
- 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 with annual NOI of approximately $21,755.40
- Built in 1919 with bungalow architectural style
- Frame construction with forced‑air heating and central air plus ceiling fans
- On‑street parking and driveway
- Sold AS IS; units are up to date with TWP COs where necessary
Overview
The property is located at 1011 E Main Street in Millville, New Jersey, in Cumberland County. The seller describes the surrounding area as convenient to local parks, dams, bridges, eateries, and entertainment.
For buyers seeking an actively generating rental asset, this duplex presents an immediate tenant-in-place configuration. The listing notes that all units are up to date with TWP CO’s and housing where necessary, and buyers are responsible for their own due diligence prior to purchase. The seller would like the transaction to use his title company, and the offering is also stated to be part of a larger New Jersey portfolio, with potential package purchase options discussed separately.
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 | $26.6k | $19.80 |
| − Vacancy | −$1.6k | −$1.22 |
| EGI | $24.9k | $18.58 |
| − OpEx | −$7.5k | −$5.57 |
| NOI | $17.5k | $13.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.025
- Latitude
- 39.39494
