Duplex with New
For Sale
$199,900
Pending
604 E MULBERRY STREET, Millville, NJ 08332
Two residential units include refreshed interiors, washer and dryer hookups, and a mix of occupied and vacant space.
Property Size1,497 SF
Days on Market66
Property Features for 604 E MULBERRY STREET
General Information
Standard status
Pending
Size
1,497 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
washer/dryer hookups
Building Details
Year Built
1917
Buildings
1
Listing Agency:
Keller Williams Realty - Washington Township
(856) 582-1200
Listed By:
Berniena Quarles Taylor · License #1864303
(856) 520-2284
Source:
Cummingsrealtors
Added: Aug 3
Changed: Oct 6
Last Checked: Oct 5 at 7:14PM
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 Keller Williams Realty - Washington Township
Investment Insights
Based on property information with market context.
This 1,497-square-foot duplex, built in 1917, contains two residential units with distinct layouts. The first offers 1 bedroom and 1 bathroom and is tenant occupied. The second includes 2 bedrooms and 1 bathroom, with new flooring and fresh paint throughout; it is currently vacant and ready for occupancy. Washer and dryer hookups serve the property.
A new roof was installed across the building in 2026. The property is located in Millville, New Jersey, near shopping, schools, restaurants, and major roadways. The seller prefers a sale in conjunction with 604 E Mulberry St. but will consider individual offers.
A new roof was installed across the building in 2026. The property is located in Millville, New Jersey, near shopping, schools, restaurants, and major roadways. The seller prefers a sale in conjunction with 604 E Mulberry St. but will consider individual offers.
Key Highlights
- 1,497‑SF duplex with two residential units
- Unit mix includes 1‑bedroom/1‑bathroom and 2‑bedroom/1‑bathroom layouts
- Second unit is vacant with new flooring and fresh paint throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,922
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,440
$358.4K
Cap Rate 7%
$256,029
$256.0K
Cap Rate 9%
$199,133
$199.1K
Market Conditions
NOI Build-Up for 1,497 SF
Gross rent
$34.9K $23.28/SF
− Vacancy
−$2.3K −$1.51/SF
EGI
$32.6K $21.77/SF
− OpEx
−$14.7K −$9.80/SF
NOI
$17.9K $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%
$358,440
Cap Rate 7%
$256,029
Cap Rate 9%
$199,133
Alternative Uses
Best Use
Multifamily LT 5
$278.1K
$243.4K – $324.5K
NOI $19,468 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$256.0K
$224.0K – $298.7K
NOI $17,922 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,343 @ 7.0% cap · market cap 78.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
697
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?
Duplex - Two residential units include refreshed interiors, washer and dryer hookups, and a mix of occupied and vacant space.
Where is this duplex located?
The property is located at 604 E MULBERRY STREET Millville, NJ.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,497‑SF duplex with two residential units; Unit mix includes 1‑bedroom/1‑bathroom and 2‑bedroom/1‑bathroom layouts; Second unit is vacant with new flooring and fresh paint throughout
