Two-Unit Duplex Income
109 East Pine Street Millville, NJ 08332
109 East Pine Street, Millville, NJ, 08332
$250,000
For Sale
$250,000
Two-unit duplex offered as-is with two-bedroom, one-bath units and in-place tenants generating rental income.
Property Size1,296 SF
Price / SF$192.90
Days on Market27
Property Features for 109 East Pine Street
General Information
- Standard status
- Active
- Size
- 1,296 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1917
Listing agency
Keller Williams - Main Street
(856) 534-4238
Listed by
Carol Terrell · License #0227464
(856) 534-4238
Source
Compass
Added: Jun 26 Updated: Jul 21 at 3:38PM Checked: Jul 21 at 3:38PM
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 Keller Williams - Main Street
Investment Insights
Based on property information with market context.
This two-unit duplex offers two bedrooms and one bathroom in each unit. The seller is offering the property in as-is condition, with the units described as up to date with Township Certificates of Occupancy where necessary. The property is being presented with tenants already in place and producing rental income.
The duplex is located at 109 East Pine Street in Millville, New Jersey, in Cumberland County. The listing notes transportation access with a bus stop less than one mile away, and the area is described as convenient to local parks, dams, bridges, eateries, and entertainment.
Prospective buyers should plan to complete their own due diligence prior to purchase, and the seller requests that the buyer use the seller’s title company. The property is also being marketed as part of a larger portfolio, and the listing indicates buyers may be eligible for potential package pricing if purchasing multiple properties.
The duplex is located at 109 East Pine Street in Millville, New Jersey, in Cumberland County. The listing notes transportation access with a bus stop less than one mile away, and the area is described as convenient to local parks, dams, bridges, eateries, and entertainment.
Prospective buyers should plan to complete their own due diligence prior to purchase, and the seller requests that the buyer use the seller’s title company. The property is also being marketed as part of a larger portfolio, and the listing indicates buyers may be eligible for potential package pricing if purchasing multiple properties.
Key Highlights
- Two‑unit duplex built in 1917 with two bedrooms and one bathroom per unit
- Tenants are already in place, generating rental income
- Reported annual NOI of approximately $25,112.28
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 |
1,296 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.8K
$210.7K – $280.9K
NOI $16,854 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$221.6K
$193.9K – $258.6K
NOI $15,515 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,217 @ 7.0% cap · market cap 54.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex offered as-is with two-bedroom, one-bath units and in-place tenants generating rental income.
Where is this duplex located?
The property is located at 109 East Pine Street Millville, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1917 with two bedrooms and one bathroom per unit; Tenants are already in place, generating rental income; Reported annual NOI of approximately $25,112.28
