607 E BROAD Street, Millville, NJ 08332
MULTI_FAMILY - Colonial - MILLVILLE, NJ
- Added:
- Mar 23, 2026
- Days on Market:
- 82
- Last Refresh:
- Jun 12 at 12:06 pm
Property Features for 607 E BROAD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 4
- Parking features
- Driveway, On Street
- Standard status
- Active
- Size
- 1,557 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3204
Utilities
- Heating system
- Electric (Heating), Baseboard, Other (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1924
- Number of units
- 1
- Building materials
- Frame
- Architectural style
- Colonial
Listing agent Carlo Drogo Sr. License #1756500 (856) 333-3760
Listing office EXP Realty, LLC 28 Valley Road unit: 1, Montclair, NJ (866) 201-6210
Listing date Mar 23, 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.
HighLights
- Duplex with two 2‑bedroom units, both currently occupied by tenants
- Unit 1 rent $1,400/mo with long‑term tenant over 5 years; Unit 2 rent $1,100/mo with a Section 8 tenant
- Updates completed in 2022; both units described as in excellent condition
- Accessibility ramp installed for Unit 1
- Recently passed Certificate of Occupancy and an additional housing inspection; requirements fully satisfied
- Built in 1924 with frame construction; baseboard and electric heating, window‑unit cooling; parking on street and driveway
Overview
Located at 607 E Broad Street in Millville, New Jersey, the property has recently passed the Certificate of Occupancy and an additional housing inspection, with all requirements fully satisfied. The current occupancy status is expected to support a straightforward ownership transition within the constraints of the no-interior-showings policy.
For buyers or investors seeking a small residential income asset, this duplex provides two occupied units with a current rent structure: Unit 1 at $1,400 per month and Unit 2 at $1,100 per month. Unit 1 is described as having a long-term tenant with a history of on-time payments, while Unit 2 is described as recently occupied by a Section 8 tenant. Prospective purchasers can review available documentation before closing, supported by the lease ledger and the property’s recently completed inspection requirements.
Local Financial Insights For Multifamily LT 5
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 | $30.8k | $19.80 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $28.9k | $18.58 |
| − OpEx | −$8.7k | −$5.57 |
| NOI | $20.2k | $13.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.0309
- Latitude
- 39.40231
