Duplex with Two Distinct
For Sale
$323,900
48 N MYRTLE Street, Vineland, NJ 08360
Multi-Family, VINELAND, NJ
Property Size1,440 SF
Lot Size0.16 Acres
Price / SF$224.93
Days on Market407
Property Features for 48 N MYRTLE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Elementary school district
CITY OF VINELAND BOARD OF EDUCATION
Middle school district
CITY OF VINELAND BOARD OF EDUCATION
High school district
CITY OF VINELAND BOARD OF EDUCATION
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 Agency:
Keller Williams Prime Realty · Keller Williams Realty
(856) 362-5072
Listed By:
Lakesha N. White · License #1866643
(609) 605-4709
Added: Sep 11, 2025
Changed: Oct 21
Last Checked: Oct 22 at 11:06AM
MLS# NJCB2026316
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.
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Investment Insights
Based on property information with market context.
This 1,440-square-foot brick duplex, built in 1945, contains two vacant units. The front residence has two bedrooms, one and a half bathrooms, a living room, dining room, and basement. It has oil heat, central air, and leased solar panels, and requires cosmetic updates. The rear unit includes one bedroom, one full bathroom, and a lower level that may be finished; heating and air conditioning systems need to be set up there. The property is offered as-is, with the buyer responsible for repairs, inspections, and certifications.
The lot measures 0.1593 acres, and driveway parking is available. Heating is listed as forced air, while the front unit is described as having oil heat.
The lot measures 0.1593 acres, and driveway parking is available. Heating is listed as forced air, while the front unit is described as having oil heat.
Key Highlights
- 1,440‑square‑foot brick duplex built in 1945
- Front unit: 2 bedrooms, 1.5 bathrooms, living room, dining room, and basement
- Rear unit: 1 bedroom, 1 full bathroom, and a lower level with finish potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,727
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,540
$374.5K
Cap Rate 7%
$267,529
$267.5K
Cap Rate 9%
$208,078
$208.1K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$28.5K $19.80/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$26.8K $18.58/SF
− OpEx
−$8.0K −$5.57/SF
NOI
$18.7K $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%
$374,540
Cap Rate 7%
$267,529
Cap Rate 9%
$208,078
Alternative Uses
Best Use
Multifamily LT 5
$267.5K
$234.1K – $312.1K
NOI $18,727 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$246.3K
$215.5K – $287.3K
NOI $17,239 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,352 @ 7.0% cap · market cap 46.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
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Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer separate layouts, including a lower level in the rear unit that can be finished.
Where is this duplex located?
The property is located at 48 N MYRTLE Street Vineland, NJ.
What is the asking price?
The asking price for this property is $323,900.
What are key features of this property?
This property features: 1,440‑square‑foot brick duplex built in 1945; Front unit: 2 bedrooms, 1.5 bathrooms, living room, dining room, and basement; Rear unit: 1 bedroom, 1 full bathroom, and a lower level with finish potential
