Four-Unit
For Sale
$375,000
531-531 N 5TH Street N, Millville, NJ 08332
Multi-Family, MILLVILLE, NJ
Property Size2,881 SF
Lot Size0.14 Acres
Price / SF$130.16
Days on Market53
Property Features for 531-531 N 5TH Street N
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Driveway
Elementary school district
MILLVILLE BOARD OF EDUCATION
Middle school district
MILLVILLE BOARD OF EDUCATION
High school district
MILLVILLE BOARD OF EDUCATION
Standard status
Active
Size
2,881 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
6157
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1927
Number of units
4
Building materials
Frame
Architectural style
Other
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
John C Natale · License #790719
(732) 757-7251
Added: Aug 25
Changed: Oct 7
Last Checked: Oct 16 at 7:06PM
MLS# NJCB2032568
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 four-unit multifamily property contains four apartments, each configured with two bedrooms and one bathroom. The building provides 2,881 square feet on a 0.14-acre lot, with frame construction, hot water heating, and driveway parking. Built in 1927, the property offers a longstanding residential structure with a straightforward unit configuration.
All four apartments are currently rented, providing an established occupancy profile for a purchaser. The property is located at 531-531 N 5TH Street N in Millville, New Jersey, within Cumberland County and the 08332 postal area.
All four apartments are currently rented, providing an established occupancy profile for a purchaser. The property is located at 531-531 N 5TH Street N in Millville, New Jersey, within Cumberland County and the 08332 postal area.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 2,881 square feet on a 0.14‑acre lot
- All four apartments are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,491
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,820
$689.8K
Cap Rate 7%
$492,729
$492.7K
Cap Rate 9%
$383,233
$383.2K
Market Conditions
NOI Build-Up for 2,881 SF
Gross rent
$67.1K $23.28/SF
− Vacancy
−$4.4K −$1.51/SF
EGI
$62.7K $21.77/SF
− OpEx
−$28.2K −$9.80/SF
NOI
$34.5K $11.97/SF
Area
Cumberland County, NJ
Vacancy
6.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,820
Cap Rate 7%
$492,729
Cap Rate 9%
$383,233
Alternative Uses
Best Use
Multifamily LT 5
$535.2K
$468.3K – $624.5K
NOI $37,467 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$492.7K
$431.1K – $574.9K
NOI $34,491 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $302,809 @ 7.0% cap · market cap 80.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 08332, NJ
35,396
Population
15,063
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
104.5 sq mi
ZIP Area
339
Density / Sq Mi
$65,825
Median Household Income
$39,595
Median Earnings
$1,223
Median Rent
$195,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments provide a consistent residential layout within this established multifamily property.
Where is this quadplex located?
The property is located at 531-531 N 5TH Street N Millville, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 2,881 square feet on a 0.14‑acre lot; All four apartments are currently rented
