Two-Unit Duplex with Private
For Sale
$239,900
409 D St, Millville, NJ 08332
Two-level duplex with separate entrances and distinct living spaces for each apartment.
Property Size1,624 SF
Price / SF$147.72
Days on Market90
Property Features for 409 D St
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Multi-Family
Building Details
Year Built
1947
Listing Agency:
Keller Williams Realty - Washington Township
Listed By:
Gregory Petrelli · License #1542202
(856) 304-5927
Source:
Soldbypattie
Added: Jul 19
Changed: Oct 13
Last Checked: Oct 15 at 2:38AM
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
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Investment Insights
Based on property information with market context.
Built in 1947, this 1,624-square-foot duplex contains two separate apartments arranged across the first and second floors. Each unit includes 2 bedrooms, 1 full bathroom, a living area, and a private entrance, creating clearly defined residential spaces within the building.
The property is located at 409 D St in Millville, NJ, near shopping, restaurants, schools, and major roadways. Its two-unit configuration supports both investor and owner-occupant use, including the option to occupy one apartment while renting the other.
The property is located at 409 D St in Millville, NJ, near shopping, restaurants, schools, and major roadways. Its two-unit configuration supports both investor and owner-occupant use, including the option to occupy one apartment while renting the other.
Key Highlights
- Two‑unit duplex with one apartment on each floor
- Each apartment includes 2 bedrooms and 1 full bathroom
- Separate private entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,120
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,400
$422.4K
Cap Rate 7%
$301,714
$301.7K
Cap Rate 9%
$234,667
$234.7K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$32.2K $19.80/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$30.2K $18.58/SF
− OpEx
−$9.1K −$5.57/SF
NOI
$21.1K $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 Rate 5%
$422,400
Cap Rate 7%
$301,714
Cap Rate 9%
$234,667
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 08332, NJ
35,396
Population
15,063
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
104.5 sq mi
ZIP Area
339
Density / Sq Mi
$65,825
Median Household Income
$39,595
Median Earnings
$1,223
Median Rent
$195,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with separate entrances and distinct living spaces for each apartment.
Where is this duplex located?
The property is located at 409 D St 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: Two‑unit duplex with one apartment on each floor; Each apartment includes 2 bedrooms and 1 full bathroom; Separate private entrance for each unit
