Two-Unit Duplex Residential
For Sale
$250,000
520 GILMORE Street, Vineland, NJ 08360
MULTI_FAMILY - Other - VINELAND, NJ
Property Size1,395 SF
Lot Size0.16 Acres
Price / SF$179.21
Days on Market12
Property Features for 520 GILMORE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Family Room
Parking
3
Parking features
Driveway, On Street
Interior features
Bathroom - Tub Shower, Family Room Off Kitchen, Floor Plan - Traditional, Bathroom - Stall Shower
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
1,395 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
3888
Utilities
Heating system
Forced Air
Amenities
front porch
shared backyard
garden area
washer and dryer
Building Details
Year built
1915
Number of units
1
Architectural style
Other
Listing Agency:
Keller Williams Prime Realty · Keller Williams Realty
(856) 362-5072
Listed By:
Sarah Johnson · License #1643686
(541) 359-5309
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 8 at 9:06PM
MLS# NJCB2031930
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.
This duplex property offers an upstairs and a downstairs unit, each with 2 bedrooms and 1 bathroom. The downstairs unit includes a large front porch and has vinyl plank and tile flooring, with a tub/shower combination in the bathroom. The upstairs unit includes a shower stall in its bathroom. Basement space houses the HVAC, including a forced air oil and gas heater, along with updated hot water heaters (electric and gas), and also provides washer and dryer area. A shared back yard includes a large garden area.
The property is located on a quiet street off Park Avenue in Vineland, close to shopping areas, downtown, and the city park.
Both units are described as being on month-to-month leases, supporting an owner-occupant or investment purchase for an immediate transition.
The property is located on a quiet street off Park Avenue in Vineland, close to shopping areas, downtown, and the city park.
Both units are described as being on month-to-month leases, supporting an owner-occupant or investment purchase for an immediate transition.
Key Highlights
- Duplex with two units in the heart of Vineland on a quiet street off Park Avenue
- Upstairs unit: 2 bedrooms and 1 bath; shower stall
- Downstairs unit: 2 bedrooms and 1 bath with tub/shower combo; large front porch; currently rents for $1,000/month
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,142
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$362,840
$362.8K
Cap Rate 7%
$259,171
$259.2K
Cap Rate 9%
$201,578
$201.6K
Market Conditions
NOI Build-Up for 1,395 SF
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.
Gross rent
$27.6K $19.80/SF
− Vacancy
−$1.7K −$1.22/SF
EGI
$25.9K $18.58/SF
− OpEx
−$7.8K −$5.57/SF
NOI
$18.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$362,840
Cap Rate 7%
$259,171
Cap Rate 9%
$201,578
Alternative Uses
Best Use
Multifamily LT 5
$259.2K
$226.8K – $302.4K
NOI $18,142 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$238.6K
$208.8K – $278.4K
NOI $16,701 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,622 @ 7.0% cap · market cap 58.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Vineland with two 2-bedroom, 1-bath units plus shared basement utility space with HVAC.
Where is this duplex located?
The property is located at 520 GILMORE Street Vineland, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex with two units in the heart of Vineland on a quiet street off Park Avenue; Upstairs unit: 2 bedrooms and 1 bath; shower stall; Downstairs unit: 2 bedrooms and 1 bath with tub/shower combo; large front porch; currently rents for $1,000/month
