Duplex with Renovated Main
New
For Sale
$1,000,000
2 N Nashville, Ventnor, NJ 08406
Two residential units provide multiple bedrooms, full baths, living areas, and dedicated laundry spaces.
Property Size2,694 SF
Price / SF$371.20
Days on Market2
Property Features for 2 N Nashville
General Information
Standard status
Active
Size
2,694 SF
Property subtype
Multi-Family
Units
Unit Mix
4BR/2BA, 3BR/2BA
Multifamily Units
2
Amenities
front porch
back deck
Building Details
Year Built
1920
Listing Agency:
Ocf Realty, LLC
Listed By:
Ben Kruse
(609) 204-7891
Source:
Choosekruse
Added: Sep 4
Last Checked: Sep 4 at 2:13PM
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 Ocf Realty, LLC
Investment Insights
Based on property information with market context.
This 2,694-square-foot duplex, built in 1920, includes two residential units with distinct layouts. The main residence offers four bedrooms, two renovated full baths, living and dining rooms, an eat-in kitchen, a laundry room, and access to a back deck. Wood, LVP, and tile flooring are used throughout, and a large front porch adds outdoor space. The ground-floor unit includes three bedrooms, two full baths, living and dining areas, and an oversized laundry room; electric heat serves this unit.
The property is at 2 N Nashville in Ventnor, NJ. The boardwalk, beach, restaurants, movie theater, and bike rentals are located a short distance away. The combination of two residential units, substantial bedroom and bath counts, and multiple indoor and outdoor living areas supports a range of residential income property uses.
The property is at 2 N Nashville in Ventnor, NJ. The boardwalk, beach, restaurants, movie theater, and bike rentals are located a short distance away. The combination of two residential units, substantial bedroom and bath counts, and multiple indoor and outdoor living areas supports a range of residential income property uses.
Key Highlights
- 2,694 SF duplex with two residential units
- Main residence includes 4 bedrooms and 2 renovated full baths
- Ground‑floor unit offers 3 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,680
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,600
$613.6K
Cap Rate 7%
$438,286
$438.3K
Cap Rate 9%
$340,889
$340.9K
Market Conditions
NOI Build-Up for 2,694 SF
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.
Gross rent
$46.9K $17.40/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$43.8K $16.27/SF
− OpEx
−$13.1K −$4.88/SF
NOI
$30.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,600
Cap Rate 7%
$438,286
Cap Rate 9%
$340,889
Alternative Uses
Best Use
Multifamily LT 5
$438.3K
$383.5K – $511.3K
NOI $30,680 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$385.2K
$337.1K – $449.4K
NOI $26,966 @ 7.0% cap · market cap 2.70%
Theoretical Best
Warehouse
$1.00M
$877.8K – $1.17M
NOI $70,226 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 08406, NJ
9,188
Population
7,772
Households
1.2
Avg Household Size
51
Median Age
38%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
4,594
Density / Sq Mi
$75,034
Median Household Income
$51,057
Median Earnings
$1,460
Median Rent
$345,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide multiple bedrooms, full baths, living areas, and dedicated laundry spaces.
Where is this duplex located?
The property is located at 2 N Nashville Ventnor, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 2,694 SF duplex with two residential units; Main residence includes 4 bedrooms and 2 renovated full baths; Ground‑floor unit offers 3 bedrooms and 2 full baths
