Value-Add Duplex
1244 Garry Avenue Vineland, NJ 08361
For Sale
$265,000
Two-unit duplex with general updating needs and a new septic system required.
Property Size1,728 SF
Price / SF$153.36
Days on Market239
Property Features for 1244 Garry Avenue
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1955
Listing Agency:
EXP Realty, LLC
(856) 333-3760
Listed By:
Carlo Drogo Sr. · License #1756500
(856) 333-3760
Source:
Compass
Added: Nov 27, 2025
Changed: Jul 21
Last Checked: Jul 24 at 12:40PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate units with existing tenant occupancy. Unit A is a 2-bedroom unit, and Unit B is a 1-bedroom unit. The property is described as needing general updating and a new septic system, and it is priced accordingly.
The listing is located in Vineland, New Jersey, in Cumberland County, within the City of Vineland Board of Education school district.
The opportunity is positioned as a value-add investment for qualified buyers, with tenants currently in place under the terms noted in the listing.
The listing is located in Vineland, New Jersey, in Cumberland County, within the City of Vineland Board of Education school district.
The opportunity is positioned as a value-add investment for qualified buyers, with tenants currently in place under the terms noted in the listing.
Key Highlights
- Duplex built in 1955 with Unit‑A (2 bed) and Unit‑B (1 bed)
- Unit‑A is rented for $950 per month; Unit‑B is rented for $750 per month
- General updating needed; new septic system required
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 | $34.2k | $19.80 |
| − Vacancy | −$2.1k | −$1.22 |
| EGI | $32.1k | $18.58 |
| − OpEx | −$9.6k | −$5.57 |
| NOI | $22.5k | $13.00 |
1,728 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.0K
$280.9K – $374.5K
NOI $22,472 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$295.5K
$258.6K – $344.8K
NOI $20,687 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,622 @ 7.0% cap · market cap 68.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with general updating needs and a new septic system required.
Where is this duplex located?
The property is located at 1244 Garry Avenue Vineland, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Duplex built in 1955 with Unit‑A (2 bed) and Unit‑B (1 bed); Unit‑A is rented for $950 per month; Unit‑B is rented for $750 per month; General updating needed; new septic system required
