Updated Two-Unit
For Sale
$259,900
Pending
401 West Park Avenue, Vineland, NJ 08360
Fully occupied side-by-side layout with separate electric and gas meters and long-term tenant history.
Property Size1,772 SF
Days on Market126
Property Features for 401 West Park Avenue
General Information
Standard status
Pending
Size
1,772 SF
Total Parking Spaces
5
Property subtype
Multi-Family / Fee Simple
Taxes and HOA fees
Annual Taxes
$3,292
Amenities
No
Oven - Single
Floor Plan - Traditional
2+ Access Exits
No Pool
Building Details
Year Built
1915
Listing Agency:
RE/MAX Preferred - Vineland
Listed By:
Renee F Cheesman · License #564187
(856) 466-3069
Source:
Compass
Added: May 1
Changed: Sep 2
Last Checked: Sep 2 at 11:27PM
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 RE/MAX Preferred - Vineland
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,772 square feet in a side-by-side configuration, with two stories per unit. Each residence provides a kitchen, dining room, and living room on the first floor, plus two bedrooms and a full bathroom upstairs. Both units also have interior access to the basement, and each includes two access exits.
The property occupies a large corner lot at 401 West Park Avenue in Vineland, New Jersey. Improvements include a roof approximately ten years old and a boiler approximately two years old. Electric and gas are separately metered for each unit. Both residences are occupied; one tenancy is month to month, while the other lease runs through 6/30/26.
The property occupies a large corner lot at 401 West Park Avenue in Vineland, New Jersey. Improvements include a roof approximately ten years old and a boiler approximately two years old. Electric and gas are separately metered for each unit. Both residences are occupied; one tenancy is month to month, while the other lease runs through 6/30/26.
Key Highlights
- 1,772‑square‑foot duplex on a large corner lot
- Two side‑by‑side units, each with two bedrooms and one full bathroom
- Each residence has interior basement access and two access exits
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
$23,045
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
8.87%
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%
$460,900
$460.9K
Cap Rate 7%
$329,214
$329.2K
Cap Rate 9%
$256,056
$256.1K
Market Conditions
NOI Build-Up for 1,772 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
$35.1K $19.80/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$32.9K $18.58/SF
− OpEx
−$9.9K −$5.57/SF
NOI
$23.0K $13.00/SF
Area
Cumberland County, NJ
Vacancy
6.17%
Lease Rate
$19.80 /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%
$460,900
Cap Rate 7%
$329,214
Cap Rate 9%
$256,056
Alternative Uses
Best Use
Multifamily LT 5
$329.2K
$288.1K – $384.1K
NOI $23,045 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$303.1K
$265.2K – $353.6K
NOI $21,214 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,247 @ 7.0% cap · market cap 71.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Explore this area
Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied side-by-side layout with separate electric and gas meters and long-term tenant history.
Where is this duplex located?
The property is located at 401 West Park Avenue Vineland, NJ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,772‑square‑foot duplex on a large corner lot; Two side‑by‑side units, each with two bedrooms and one full bathroom; Each residence has interior basement access and two access exits
