Dutch Colonial
108 VINE Street, Hammonton, NJ 08037
For Sale
$449,900
Multi-Family, HAMMONTON, NJ
Property Size2,192 SF
Lot Size0.12 Acres
Price / SF$205.25
Days on Market32
Property Features for 108 VINE Street
General Information
Property type
Property subtype
Rooms
Parking features
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
washer/dryer
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Joe Wiessner Realty LLC
Listed By:
Joseph Wiessner · License NJ #9481996
(609) 561-1010
Added: Oct 11
Changed: Oct 24
Last Checked: Nov 11 at 4:06AM
MLS# NJAC2027130
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.
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Investment Insights
Based on property information with market context.
This 1930 frame duplex contains 2,192 square feet across two side-by-side residences on a 0.124-acre lot. The Dutch Colonial exterior has an arched entry framed by columns. Each unit has its own basement, and utilities are separately metered. The property connects to public water and sewer and has a driveway that accommodates multiple vehicles.
One residence is vacant; the other is tenant-occupied. The vacant unit includes two upstairs bedrooms, a full bath, and a finished third-floor area accessible through a bedroom, suitable for use as an office or recreation space. Features include natural gas heat, central air, a gas range, refrigerator, dishwasher, washer, and dryer. The property is near downtown Hammonton and within walking distance of the NJ Transit station.
One residence is vacant; the other is tenant-occupied. The vacant unit includes two upstairs bedrooms, a full bath, and a finished third-floor area accessible through a bedroom, suitable for use as an office or recreation space. Features include natural gas heat, central air, a gas range, refrigerator, dishwasher, washer, and dryer. The property is near downtown Hammonton and within walking distance of the NJ Transit station.
Key Highlights
- Two‑unit Dutch Colonial frame duplex built in 1930
- 2,192 square feet on a 0.124‑acre lot
- Separate utilities and an individual basement for each residence
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.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
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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
$307,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Atlantic County, NJ
Properties on Market for Duplexes in Atlantic County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences feature separate utilities and individual basements.
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‑unit Dutch Colonial frame duplex built in 1930; 2,192 square feet on a 0.124‑acre lot; Separate utilities and an individual basement for each residence
