531 N 5TH Street Millville, NJ 08332
MULTI_FAMILY - Other - MILLVILLE, NJ
Property Features for 531 N 5TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- 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
- Block
- Architectural style
- Other
Listing agent John C Natale License #790719 (732) 757-7251
Listing office Real Broker, LLC 165 Passaic Avenue unit: 205, Burlington, NJ (855) 450-0442
Listing date Jan 13, 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.
Investment Insights
Based on property information with market context.
The property is located at 531 N 5TH Street in Millville, New Jersey, in Cumberland County.
With a total property size of 2,881 square feet, this quadplex is positioned for an investor seeking a multi-family asset with existing tenant occupancy.
Key Highlights
- Four‑family property with four 2‑bedroom, 1‑bath apartments
- Currently rented at $1,200 per unit
- Year built: 1927
Local Financial Insights For Apartment 5plus
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 | $67.1k | $23.28 |
| − Vacancy | −$4.4k | −$1.51 |
| EGI | $62.7k | $21.77 |
| − OpEx | −$28.2k | −$9.80 |
| NOI | $34.5k | $11.97 |
