48 N MYRTLE Street, Vineland, NJ 08360
MULTI_FAMILY - Other - VINELAND, NJ
- Added:
- Sep 11, 2025
- Days on Market:
- 299
- Last Refresh:
- Jul 6 at 10:06 pm
Property Features for 48 N MYRTLE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4842
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1945
- Number of units
- 1
- Building materials
- Brick
- Architectural style
- Other
Listing agent Lakesha N. White License #1866643 (609) 605-4709
Listing office Keller Williams Prime Realty 1103 S Delsea Drive, Vineland, NJ (856) 362-5072
Listing date Sep 11, 2025
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.
HighLights
- Detached duplex at 48 N Myrtle St, Vineland (2‑unit property) built in 1945
- Front unit: 2 bedrooms, 1.5 bathrooms, spacious living room, dining room, and basement
- Rear unit: 1 bedroom, 1 full bathroom, and a lower level that can be finished for added space
- Both units have central air and forced‑air heating; oil heating noted with gas available
- Brick construction with driveway parking
- Leased solar panels to help offset energy costs; both units are vacant and sold as‑is
Overview
The property sits on a 0.1593-acre lot and is being sold as-is. Both units are currently vacant, which can support straightforward renovation planning and ready occupancy scheduling following any required updates.
For buyers or investors seeking rental-ready flexibility, this duplex offers two distinct floorplans and the ability to tailor improvements based on tenant or owner-occupant preferences. The as-is sale and buyer responsibility for repairs, inspections, and certifications should be accounted for when evaluating budgeting and timeline. Leased solar panels may also be a consideration in operating cost planning.
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 | $28.5k | $19.80 |
| − Vacancy | −$1.8k | −$1.22 |
| EGI | $26.8k | $18.58 |
| − OpEx | −$8.0k | −$5.57 |
| NOI | $18.7k | $13.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Vineland
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.01473
- Latitude
- 39.48966
