Vacant Duplex With Two
428 Summit Avenue Westville, NJ 08093
For Sale
$319,900
Fully vacant duplex offers a 1-bedroom and a 2-bedroom unit, each with separate basement access and utility splits.
Property Size1,865 SF
Price / SF$171.53
Days on Market139
Property Features for 428 Summit Avenue
General Information
- Standard status
- Active
- Size
- 1,865 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1924
Listing Agency:
BHHS Fox & Roach-Washington-Gloucester
(856) 981-1743
Listed By:
Timothy H Belko · License #0564155
(856) 981-1743
Source:
Compass
Added: Mar 7
Changed: Jul 23
Last Checked: Jul 23 at 3:09AM
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 BHHS Fox & Roach-Washington-Gloucester
Investment Insights
Based on property information with market context.
This fully vacant duplex at 428 Summit Avenue is set up for flexible occupancy, with two separate units ready for a new owner or tenants. The main-floor 1-bedroom unit features modern flooring, neutral paint, vinyl windows, a kitchen with stainless steel appliances, and an updated full bathroom, plus direct access to the full unfinished basement with washer and dryer. The 2-bedroom unit includes its own basement access, with a first-floor living room and dining area, a spacious kitchen, and an upstairs layout with two bedrooms and a sitting area.
Gas and electric utilities are split between the units, supporting tenant-level account control. The property also includes a detached garage for storage and additional basement storage space.
Located in Westville, the duplex is described as about 10 minutes from Philadelphia and within less than 5 minutes of I-295 and Route 42, with shopping, dining, and local amenities nearby.
Gas and electric utilities are split between the units, supporting tenant-level account control. The property also includes a detached garage for storage and additional basement storage space.
Located in Westville, the duplex is described as about 10 minutes from Philadelphia and within less than 5 minutes of I-295 and Route 42, with shopping, dining, and local amenities nearby.
Key Highlights
- Fully vacant duplex with a 1‑bedroom and a 2‑bedroom unit at 428 Summit Ave
- Each unit has separate basement access, including washer and dryer access for the main‑floor 1‑bedroom unit
- 1‑bedroom unit features modern flooring, neutral paint, vinyl‑clad windows, stainless steel appliances, and an updated full bathroom
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 | $36.9k | $19.80 |
| − Vacancy | −$1.9k | −$1.03 |
| EGI | $35.0k | $18.77 |
| − OpEx | −$10.5k | −$5.63 |
| NOI | $24.5k | $13.14 |
1,865 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.1K
$306.3K – $408.4K
NOI $24,505 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$311.4K
$272.5K – $363.3K
NOI $21,799 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$626.9K
$548.5K – $731.4K
NOI $43,883 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully vacant duplex offers a 1-bedroom and a 2-bedroom unit, each with separate basement access and utility splits.
Where is this duplex located?
The property is located at 428 Summit Avenue Westville, NJ.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Fully vacant duplex with a 1‑bedroom and a 2‑bedroom unit at 428 Summit Ave; Each unit has separate basement access, including washer and dryer access for the main‑floor 1‑bedroom unit; 1‑bedroom unit features modern flooring, neutral paint, vinyl‑clad windows, stainless steel appliances, and an updated full bathroom
