Two-Unit
For Sale
$675,000
7 N Nashville Ave, Ventnor, NJ 08406
Separate units support owner occupancy, rental use, or seasonal leasing.
Property Size2,136 SF
Price / SF$316.01
Days on Market35
Property Features for 7 N Nashville Ave
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
the home needs updating
Units
Unit Mix
2BR, 5BR/2BA
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Vylla Home - Northfield
(609) 338-9992
Listed By:
CHARLES MILTENBERGER · License #0451730
Source:
Bernadetteaugello
Added: Jul 27
Changed: Aug 29
Last Checked: Aug 29 at 11:10AM
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 Vylla Home - Northfield
Investment Insights
Based on property information with market context.
Located at 7 N. Nashville Ave in Ventnor, this duplex contains two distinct residential units totaling 2,136 SF. The lower unit has 2 bedrooms, while the upper residence extends across two floors with 5 bedrooms and 2 baths. Built in 1920, the property requires updating and offers a defined renovation scope. Tenants have received a 90-day vacate notice, providing a clearer timeline for planning improvements and contractor work.
The property is near the beach and boardwalk, with local restaurants and casinos also nearby. Its two-unit layout supports several stated use options, including living in one unit while renting the other, conventional rental use, and summer or short-term rentals.
The property is near the beach and boardwalk, with local restaurants and casinos also nearby. Its two-unit layout supports several stated use options, including living in one unit while renting the other, conventional rental use, and summer or short-term rentals.
Key Highlights
- Two‑unit duplex totaling 2,136 SF
- Lower unit includes 2 bedrooms
- Upper unit spans 2 floors with 5 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,325
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$486,500
$486.5K
Cap Rate 7%
$347,500
$347.5K
Cap Rate 9%
$270,278
$270.3K
Market Conditions
NOI Build-Up for 2,136 SF
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.
Gross rent
$37.2K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$34.8K $16.27/SF
− OpEx
−$10.4K −$4.88/SF
NOI
$24.3K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$486,500
Cap Rate 7%
$347,500
Cap Rate 9%
$270,278
Alternative Uses
Best Use
Multifamily LT 5
$347.5K
$304.1K – $405.4K
NOI $24,325 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$305.4K
$267.3K – $356.4K
NOI $21,381 @ 7.0% cap · market cap 3.17%
Theoretical Best
Warehouse
$795.4K
$696.0K – $928.0K
NOI $55,680 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Explore this area
Business Placement
Demographics for 08406, NJ
9,188
Population
7,772
Households
1.2
Avg Household Size
51
Median Age
38%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
4,594
Density / Sq Mi
$75,034
Median Household Income
$51,057
Median Earnings
$1,460
Median Rent
$345,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate units support owner occupancy, rental use, or seasonal leasing.
Where is this duplex located?
The property is located at 7 N Nashville Ave Ventnor, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,136 SF; Lower unit includes 2 bedrooms; Upper unit spans 2 floors with 5 bedrooms and 2 baths
