Two-Unit Duplex With Separate
409 D Street Millville, NJ 08332
409 D Street, Millville, NJ, 08332
$239,900
For Sale
$239,900
Duplex includes two units with private entrances, each offering two bedrooms and one full bathroom.
Property Size1,624 SF
Price / SF$147.72
Days on Market15
Property Features for 409 D Street
General Information
- Standard status
- Active
- Size
- 1,624 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1947
Listing agency
Keller Williams Realty - Washington Township
(856) 304-5927
Listed by
Gregory Petrelli · License #1542202
(856) 304-5927
Source
Compass
Added: Jul 8 Updated: Jul 21 at 2:15AM Checked: Jul 22 at 10:14AM
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 Keller Williams Realty - Washington Township
Investment Insights
Based on property information with market context.
This income-producing duplex features two separate apartments, with one unit on the first floor and the other on the second floor. Each apartment is configured with two bedrooms, one full bathroom, a spacious living area, and its own private entrance.
The property is located in Millville, New Jersey, within the Millville City area (20610). Nearby access is described as convenient to shopping, restaurants, schools, and major roadways.
For investors and owner-occupants, the layout supports separate living arrangements with dedicated entries for each unit while retaining a shared duplex structure at the address.
The property is located in Millville, New Jersey, within the Millville City area (20610). Nearby access is described as convenient to shopping, restaurants, schools, and major roadways.
For investors and owner-occupants, the layout supports separate living arrangements with dedicated entries for each unit while retaining a shared duplex structure at the address.
Key Highlights
- Income‑producing duplex built in 1947 with two separate units
- Each unit has 2 bedrooms and 1 full bathroom
- First‑floor unit and second‑floor unit each feature a spacious living area
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 | $32.2k | $19.80 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $30.2k | $18.58 |
| − OpEx | −$9.1k | −$5.57 |
| NOI | $21.1k | $13.00 |
1,624 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.7K
$264.0K – $352.0K
NOI $21,120 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$277.7K
$243.0K – $324.0K
NOI $19,442 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,691 @ 7.0% cap · market cap 71.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex includes two units with private entrances, each offering two bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 409 D Street Millville, NJ.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Income‑producing duplex built in 1947 with two separate units; Each unit has 2 bedrooms and 1 full bathroom; First‑floor unit and second‑floor unit each feature a spacious living area
