Duplex with
For Sale
$225,000
Pending
625 E CHERRY STREET, Vineland, NJ 08360
Natural-gas baseboard heat and window-unit cooling serve this two-unit residential property.
Property Size1,458 SF
Days on Market24
Property Features for 625 E CHERRY STREET
General Information
Standard status
Pending
Size
1,458 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
02
Taxes and HOA fees
Annual Taxes
$3,438
Amenities
Ceiling Fan(s), Window Unit(s)
Natural Gas, Baseboard
Gas Water Heater
On Street, Parking Lot
Traditional
Building Details
Building Size
1,458 SF
Year Built
1907
Listing Agency:
Keller Williams Prime Realty
Listed By:
Joseph Battaglia · License #2336899
(856) 716-3663
Source:
Evrealestate
Added: Sep 26
Changed: Oct 16
Last Checked: Oct 19 at 5:26AM
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 Prime Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,458-square-foot duplex at 625 E Cherry Street in Vineland was built in 1907. Interior features include ceiling fans, window-unit cooling, natural-gas baseboard heat, and a gas water heater. Parking is available in a lot and on the street.
Key Highlights
- 1,458‑square‑foot duplex built in 1907
- Parking lot and on‑street parking
- Natural‑gas baseboard heat with window‑unit cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,961
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,220
$379.2K
Cap Rate 7%
$270,871
$270.9K
Cap Rate 9%
$210,678
$210.7K
Market Conditions
NOI Build-Up for 1,458 SF
Gross rent
$28.9K $19.80/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$27.1K $18.58/SF
− OpEx
−$8.1K −$5.57/SF
NOI
$19.0K $13.00/SF
Area
Cumberland County, NJ
Vacancy
6.17%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,220
Cap Rate 7%
$270,871
Cap Rate 9%
$210,678
Alternative Uses
Best Use
Multifamily LT 5
$270.9K
$237.0K – $316.0K
NOI $18,961 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$249.4K
$218.2K – $290.9K
NOI $17,455 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,244 @ 7.0% cap · market cap 68.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
Explore this area
Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Natural-gas baseboard heat and window-unit cooling serve this two-unit residential property.
Where is this duplex located?
The property is located at 625 E CHERRY STREET Vineland, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,458‑square‑foot duplex built in 1907; Parking lot and on‑street parking; Natural‑gas baseboard heat with window‑unit cooling
