Detached Duplex Investment
48 N MYRTLE Street Vineland, NJ 08360
48 N MYRTLE Street, Vineland, NJ, 08360
$323,900
For Sale
$323,900
MULTI_FAMILY - Other - VINELAND, NJ
Property Size1,440 SF
Lot Size0.16 Acres
Price / SF$224.93
Days on Market314
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 agency
Keller Williams Prime Realty
(856) 362-5072
Listed by
Lakesha N. White · License #1866643
(609) 605-4709
Added: Sep 11, 2025 Updated: Jul 3 at 11:49AM Checked: Jul 21 at 4:06PM
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.
Investment Insights
Based on property information with market context.
48 N Myrtle St is a detached duplex investment property featuring two separate residential units. The front unit has two bedrooms, 1.5 bathrooms, a living room, dining room, and a basement. It includes oil heating, central air, and leased solar panels, and will require cosmetic updates. The rear unit offers one bedroom, one full bathroom, and a lower level that can be finished for additional living space, with heating and air conditioning setup already in place.
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.
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.
Key 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
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 |
1,440 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Vacant two-unit duplex with separate layouts and potential for value-add cosmetic and lower-level finishing.
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: 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
