513-515 E PINE Street, Millville, NJ 08332
MULTI_FAMILY - Colonial - MILLVILLE, NJ
- Added:
- Jul 3, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 6 at 7:06 pm
Property Features for 513-515 E PINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,578 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4567
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s), Window Unit(s)
Building Details
- Year built
- 1927
- Number of units
- 1
- Building materials
- Frame
- Architectural style
- Colonial
Listing agent Carol Terrell License #0227464 (856) 534-4238
Listing office Keller Williams - Main Street 983 Haddon Avenue, Collingswood or Haddon Heights, NJ (856) 858-2200
Listing date Jul 3, 2026
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
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit, with tenants already in place
- Annual NOI approximately $42,348.84
- Built in 1927 with Colonial architectural style and frame construction
- Forced air heating; cooling includes ceiling fan(s) and window unit(s)
- On‑street parking
- Seller states TWP COs are up to date (and housing where necessary); property sold as‑is
Overview
The duplex is located at 513-515 E Pine Street in Millville, New Jersey, within Cumberland County. The seller describes the area as convenient to local parks, dams, bridges, eateries, and entertainment. The property is also listed as part of a larger portfolio with multiple locations throughout New Jersey.
For investors or buyers seeking an occupied residential income asset, this duplex offers a practical setup with tenants already in place generating rental income. The seller can also consider creative financing options, including the potential to take over an existing mortgage, and buyers may want to ask about package purchase terms when acquiring more than one property. The seller prefers use of his title company, and all other due diligence items remain the buyer’s responsibility.
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 | $51.0k | $19.80 |
| − Vacancy | −$3.1k | −$1.22 |
| EGI | $47.9k | $18.58 |
| − OpEx | −$14.4k | −$5.57 |
| NOI | $33.5k | $13.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.03215
- Latitude
- 39.39726
