109 E PINE Street, Millville, NJ 08332
MULTI_FAMILY - Colonial - MILLVILLE, NJ
- Added:
- Jul 3, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 6 at 9:06 pm
Property Features for 109 E PINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 4
- Parking features
- On Street, Driveway
- Standard status
- Active
- Size
- 1,296 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2709
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1917
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Colonial
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 generating rental income; annual NOI is approximately $25,112.28
- Frame construction with colonial architectural style; year built 1917
- Heating: forced air; cooling: central air and ceiling fans
- Parking includes on‑street parking and a driveway
- Sold as‑is; seller states units are up to date with TWP COs
Overview
The property is located at 109 E Pine Street in Millville, New Jersey, within Cumberland County. The seller also notes the broader availability of a multi-location New Jersey portfolio, with this duplex offered as part of that package. An open house is scheduled on the listing day starting at 1:00 PM, and buyers are directed to contact the broker for the showing appointment information.
For investors seeking a small, manageable income asset, this duplex offers an existing tenant setup and stated annual NOI of approximately $25,112.28. Buyers should plan to conduct their own due diligence prior to purchase. The seller would like the buyer to use the seller’s title company, and the listing states buyers may be eligible for a discount when purchasing more than one property or acquiring the portfolio as a package deal. The seller also mentions the possibility of creative financing, including the potential to take over the existing mortgage, which should be reviewed before or after touring.
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 | $25.7k | $19.80 |
| − Vacancy | −$1.6k | −$1.22 |
| EGI | $24.1k | $18.58 |
| − OpEx | −$7.2k | −$5.57 |
| NOI | $16.9k | $13.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.037891
- Latitude
- 39.3972147
