Impeccably Updated Duplex
525 East Park Avenue Vineland, NJ 08360
For Sale
$289,000
Two separate units with dedicated utilities and multiple recent exterior and mechanical upgrades for straightforward ownership.
Property Size1,264 SF
Price / SF$228.64
Days on Market64
Property Features for 525 East Park Avenue
General Information
- Standard status
- Active
- Size
- 1,264 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
Fathom Realty NJ, LLC
(609) 217-1880
Listed By:
Tracy Gallo · License #1863996
(609) 217-1880
Source:
Compass
Added: May 22
Changed: Jul 10
Last Checked: Jul 23 at 11:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fathom Realty NJ, LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate units designed for independent day-to-day management. The lower level is a 2-bedroom layout that has been freshly painted and includes new floors, along with an upgraded bathroom. The upper level features a 1-bedroom studio and is currently rented to a long-term tenant. Separate utilities are in place, supporting easier oversight and unit-by-unit control.
The property is located in Cumberland County within the Vineland City area. A bus stop is listed as less than 1 mile from the site, and the home falls under the City of Vineland Board of Education school district.
Recent improvements are a key feature of this offering. The seller’s remarks note a new boiler, new water heater, new siding, a new flat roof, and a new porch, with interior updates to the lower unit including fresh paint and flooring. With the existing rental unit and separate utilities, the property can fit buyers looking for an income-producing duplex with major systems and exterior components already refreshed. Schedule a tour to review the unit layouts and finishes in person.
The property is located in Cumberland County within the Vineland City area. A bus stop is listed as less than 1 mile from the site, and the home falls under the City of Vineland Board of Education school district.
Recent improvements are a key feature of this offering. The seller’s remarks note a new boiler, new water heater, new siding, a new flat roof, and a new porch, with interior updates to the lower unit including fresh paint and flooring. With the existing rental unit and separate utilities, the property can fit buyers looking for an income-producing duplex with major systems and exterior components already refreshed. Schedule a tour to review the unit layouts and finishes in person.
Key Highlights
- Impeccably maintained duplex with two separate units and dedicated utilities
- Lower level unit: 2‑bedroom layout with freshly painted interior, new floors, and an upgraded bathroom
- Upper level unit: 1‑bedroom studio currently rented to a long‑term tenant
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 | $25.0k | $19.80 |
| − Vacancy | −$1.5k | −$1.22 |
| EGI | $23.5k | $18.58 |
| − OpEx | −$7.0k | −$5.57 |
| NOI | $16.4k | $13.00 |
1,264 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.8K
$205.5K – $274.0K
NOI $16,438 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$216.2K
$189.2K – $252.2K
NOI $15,132 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,853 @ 7.0% cap · market cap 45.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate units with dedicated utilities and multiple recent exterior and mechanical upgrades for straightforward ownership.
Where is this duplex located?
The property is located at 525 East Park Avenue Vineland, NJ.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Impeccably maintained duplex with two separate units and dedicated utilities; Lower level unit: 2‑bedroom layout with freshly painted interior, new floors, and an upgraded bathroom; Upper level unit: 1‑bedroom studio currently rented to a long‑term tenant
