Duplex with Renovated Main
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 Market48
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:
Marketplace Realty
Listed By:
Ben Kruse
(609) 204-7891
Source:
Choosekruse
Added: Sep 4
Changed: Oct 19
Last Checked: Oct 20 at 8:33PM
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 Marketplace Realty
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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 / Yr
$30,680
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
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
