Four-Unit
For Sale
$399,000
531 N 5th Street, Millville, NJ 08332
Multi-Family, Millville, NJ
Property Size2,881 SF
Lot Size0.14 Acres
Price / SF$138.49
Days on Market47
Property Features for 531 N 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 3, Bathroom 4
Basement
Crawl Space
Directions
E Broad St to N 5th Street
Standard status
Active
APN
10-00372-0000-00013
Size
2,881 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6157
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1927
Floors in Building
2
Number of units
4
Listing Agency:
Real Broker, LLC- Fairfield
(855) 450-0442
Listed By:
John Natale · License #790719
(212) 380-3203
Added: Aug 21
Changed: Oct 2
Last Checked: Oct 6 at 4:06PM
MLS# 22626231
Copyright © 2026 More 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 2,881-square-foot quadplex contains four apartments, with each residence configured as two bedrooms and one bathroom. The property was built in 1927 and occupies a 0.14-acre lot, providing a compact multifamily layout for residential income use. Public water and public sewer serve the property.
Located at 531 N 5th Street in Millville, New Jersey, the building is positioned within the 08332 postal area of Cumberland County. All four apartments are rented, creating an existing occupancy profile for the next owner. The unit mix is consistent across the property, with a total of eight bedrooms and four bathrooms.
Located at 531 N 5th Street in Millville, New Jersey, the building is positioned within the 08332 postal area of Cumberland County. All four apartments are rented, creating an existing occupancy profile for the next owner. The unit mix is consistent across the property, with a total of eight bedrooms and four bathrooms.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 2,881 square feet on a 0.14‑acre lot
- Built in 1927
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,491
Cap Rate
8.64%
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 9.39%
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 authorities.
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments offer a straightforward multifamily configuration with public utilities and established occupancy.
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 apartments, each with 2 bedrooms and 1 bathroom; 2,881 square feet on a 0.14‑acre lot; Built in 1927
