31 S MYRTLE Street, Vineland, NJ 08360
MULTI_FAMILY - Other - VINELAND, NJ
- Added:
- Jun 12, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 12 at 3:06 pm
Property Features for 31 S MYRTLE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,396 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3838
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1890
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Other
Listing agent Michael DePalma License #1328898 (609) 501-4162
Listing office DePalma Realty 111 HIGH Street, Millville, NJ (856) 825-5500
Listing date Jun 12, 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
- Turnkey duplex with 2 bedrooms/1 bathroom upstairs and 1 bedroom/1 bathroom downstairs
- Downstairs 1‑bedroom unit is tenant occupied on a long‑term annual lease through February 2027
- 1‑bedroom rent roll is $1,295/month; gross rents expected of $34,740/year with both units leased
- Both units have their own electric and gas meters for separate utility management
- 2‑bedroom unit is turned and renovated and ready for occupancy
- Driveway parking; frame construction; window unit cooling; other heating; year built 1890
Overview
The property is located at 31 S Myrtle Street in Vineland, NJ (Cumberland County). The current 1-bedroom rent roll is $1,295 per month, with the tenant on a long-term annual lease running through February 2027. With both units leased, the listing states expected gross rents of $34,740 annually.
For buyers looking for a residential income property, the current tenant occupancy plus a ready-to-lease renovated unit can help simplify near-term operational planning. The separate metering further supports straightforward billing and expense handling for an owner, whether you’re adding to an existing portfolio or acquiring your next duplex in Vineland.
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 | $27.6k | $19.80 |
| − Vacancy | −$1.7k | −$1.22 |
| EGI | $25.9k | $18.58 |
| − OpEx | −$7.8k | −$5.57 |
| NOI | $18.2k | $13.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Vineland
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.01505
- Latitude
- 39.48293
