Rented Duplex Income
65 West Oak Road Vineland, NJ 08360
For Sale
$389,900
Duplex with two leased units through December 2026, separate electric metering, and a circular driveway with off-street parking.
Property Size1,516 SF
Price / SF$257.19
Days on Market170
Property Features for 65 West Oak Road
General Information
- Standard status
- Active
- Size
- 1,516 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
A R Fanucci Real Estate, Inc
(609) 805-3757
Listed By:
Robert Odorizzi · License #2192025
(609) 805-3757
Source:
Compass
Added: Feb 3
Changed: Jul 22
Last Checked: Jul 22 at 7:18AM
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 A R Fanucci Real Estate, Inc
Investment Insights
Based on property information with market context.
This duplex features two separate rental units with divided electric service through separated meters. The lower unit includes two bedrooms with a full bath, along with a kitchen, living room, and dining room. The upper unit offers one bedroom, a bathroom, a kitchen, and a living room.
The property is located in Vineland City, Cumberland County, within the City of Vineland Board of Education school district. The site includes a circular driveway and ample off-street parking.
The current leases extend until December 2026. The property is being sold strictly in “as is” condition.
The property is located in Vineland City, Cumberland County, within the City of Vineland Board of Education school district. The site includes a circular driveway and ample off-street parking.
The current leases extend until December 2026. The property is being sold strictly in “as is” condition.
Key Highlights
- Duplex with 2 leased units—lower unit (2BR) and upper unit (1BR) with separate electric metering
- Both units have lease terms through December 2026
- Lower unit rent is $1,775/month and upper unit rent is $1,000/month
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 | $30.0k | $19.80 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $28.2k | $18.58 |
| − OpEx | −$8.4k | −$5.57 |
| NOI | $19.7k | $13.00 |
1,516 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.6K
NOI $19,715 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$259.3K
$226.9K – $302.5K
NOI $18,149 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,340 @ 7.0% cap · market cap 40.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two leased units through December 2026, separate electric metering, and a circular driveway with off-street parking.
Where is this duplex located?
The property is located at 65 West Oak Road Vineland, NJ.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Duplex with 2 leased units—lower unit (2BR) and upper unit (1BR) with separate electric metering; Both units have lease terms through December 2026; Lower unit rent is $1,775/month and upper unit rent is $1,000/month
