Dutch Colonial
New
For Sale
$449,900
108 VINE STREET, Hammonton, NJ 08037
Separate utilities and basements serve each side of this two-unit property.
Property Size2,192 SF
Price / SF$205.25
Days on Market4
Property Features for 108 VINE STREET
General Information
Standard status
Active
Size
2,192 SF
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Asking Price
$449,900
Multifamily Units
2
Building Details
Year Built
1930
Buildings
1
Construction
Dutch Colonial
Listing Agency:
Joe Wiessner Realty LLC
Listed By:
Joseph Wiessner · License #9481996
(609) 561-1010
Source:
Cummingsrealtors
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:39AM
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 Joe Wiessner Realty LLC
Investment Insights
Based on property information with market context.
This 2,192-square-foot Dutch Colonial duplex, built in 1930, comprises two side-by-side residences. The shared street-facing entrance features columns and an arched opening, with a separate doorway for each unit. The 108 Vine Street side is vacant and has two upstairs bedrooms, a full bath, and a finished third-floor area accessed through a bedroom; that upper level is not a bedroom. Interior details include yellow pine flooring in the living room and oak stair treads. Natural gas heat and ranges, central air, and in-unit laundry are among the features described for that side. The adjoining residence is tenant-occupied.
The property is on Vine Street in Hammonton, one block from downtown and within walking distance of the NJ Transit station. Each unit has its own basement, and utilities are separately metered. Public water and sewer serve the property, and a driveway accommodates multiple vehicles.
The property is on Vine Street in Hammonton, one block from downtown and within walking distance of the NJ Transit station. Each unit has its own basement, and utilities are separately metered. Public water and sewer serve the property, and a driveway accommodates multiple vehicles.
Key Highlights
- Two side‑by‑side units in a 2,192‑square‑foot Dutch Colonial built in 1930
- 108 Vine Street side is vacant; adjoining unit is tenant‑occupied
- Vacant unit includes two bedrooms, a full bath, and a finished third‑floor bonus area that is not a bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,963
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,260
$499.3K
Cap Rate 7%
$356,614
$356.6K
Cap Rate 9%
$277,367
$277.4K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$38.1K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.7K $16.27/SF
− OpEx
−$10.7K −$4.88/SF
NOI
$25.0K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,260
Cap Rate 7%
$356,614
Cap Rate 9%
$277,367
Alternative Uses
Best Use
Multifamily LT 5
$356.6K
$312.0K – $416.1K
NOI $24,963 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$313.4K
$274.3K – $365.7K
NOI $21,941 @ 7.0% cap · market cap 4.88%
Theoretical Best
Warehouse
$816.3K
$714.3K – $952.3K
NOI $57,140 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 08037, NJ
23,814
Population
9,682
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
122.5 sq mi
ZIP Area
194
Density / Sq Mi
$83,762
Median Household Income
$40,668
Median Earnings
$1,297
Median Rent
$307,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and basements serve each side of this two-unit property.
Where is this duplex located?
The property is located at 108 VINE STREET Hammonton, NJ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two side‑by‑side units in a 2,192‑square‑foot Dutch Colonial built in 1930; 108 Vine Street side is vacant; adjoining unit is tenant‑occupied; Vacant unit includes two bedrooms, a full bath, and a finished third‑floor bonus area that is not a bedroom
