Four-Unit Residential Income
531 N 5TH Street Millville, NJ 08332
531 N 5TH Street, Millville, NJ, 08332
$399,000
For Sale
$399,000
MULTI_FAMILY - Other - MILLVILLE, NJ
Property Size2,881 SF
Lot Size0.14 Acres
Price / SF$138.49
Days on Market185
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 Agency
Real Broker, LLC
(855) 450-0442
165 Passaic Avenue unit: 205, Burlington, NJ
Listed by
John C Natale · License #790719
(732) 757-7251
Added: Jan 13 Checked: Jul 17 at 9:06 am
MLS# NJCB2028228
Listing URL
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 four-unit residential income property consists of four 2-bedroom, 1-bath apartments. The building is being offered for sale with the units currently rented.
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.
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 |
2,881 SF · lease $23.28/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$535.2K
$468.3K – $624.5K
NOI $37,467 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$492.7K
$431.1K – $574.9K
NOI $34,491 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $302,809 @ 7.0% cap · market cap 75.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath apartments comprise this rented residential income property.
Where is this quadplex located?
The property is located at 531 N 5TH Street Millville, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four‑family property with four 2‑bedroom, 1‑bath apartments; Currently rented at $1,200 per unit; Year built: 1927
