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Income-Generating Duplex with Two Entrances

409 D Street Millville, NJ 08332

New
409 D Street, Millville, NJ, 08332
$239,900
For Sale
Claim this Listing
$239,900

MULTI_FAMILY - Other - MILLVILLE, NJ

Property Size1,624 SF
Lot Size0.08 Acres
Price / SF$147.72
AddedJul 13
Days on Market3
Last RefreshJul 15 at 12:06 am

Property Features for 409 D Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Appliances
Stove, Refrigerator
Standard status
Active
Size
1,624 SF
Lot size
0.08 Acres

Taxes and HOA fees

Tax Annual Amount
4985

Utilities

Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s)

Building Details

Year built
1947
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other

Listing agent Gregory Petrelli License #1542202

Listing office Keller Williams Realty - Washington Township 381 Egg Harbor Road unit: 2, Sewell, NJ

Listing date Jul 13, 2026

MLS# NJCB2031622 Listing URL

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.


Investment Insights

Based on property information with market context.

This for-sale duplex offers two separate units, with one apartment on the first floor and the other on the second. Each unit includes 2 bedrooms, 1 full bathroom, a spacious living area, and a private entrance.

The property is located at 409 D Street in Millville, New Jersey (Cumberland County). Public remarks note convenience to shopping, restaurants, schools, and major roadways.

With two independently accessed apartments, the layout provides a straightforward configuration for rental income or owner-occupancy, depending on an occupant’s preference.

Key Highlights

  • Income‑producing duplex with two separate units, one on the first floor and one on the second floor
  • Each unit has 2 bedrooms and 1 full bathroom, plus its own private entrance
  • Includes a spacious living area in each unit

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 (±1% cap)
NOI $21,120 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$277.7K
$243.0K – $324.0K (±1% cap)
NOI $19,442 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M (±1% cap)
NOI $170,691 @ 7.0% cap · market cap 71.15%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Carpet & Flooring Store Bakery Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tech Support Center Cafe & Coffee Shop Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex for sale with two separate units, each offering 2 bedrooms and 1 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 with two separate units, one on the first floor and one on the second floor; Each unit has 2 bedrooms and 1 full bathroom, plus its own private entrance; Includes a spacious living area in each unit
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