Two-Unit Duplex with Tenant
For Sale
$239,900
700 E Peach St, Vineland, NJ 08360
Both units are occupied by long-term tenants, with Unit 1 offering front and side entrances.
Property Size1,806 SF
Price / SF$132.83
Days on Market549
Property Features for 700 E Peach St
General Information
Standard status
Active
Size
1,806 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,165
Listing Agency:
Collini Real Estate LLC
(856) 692-9933
Listed By:
Pako Gomez · License #0235213
(856) 912-8000
Source:
Exprealty
Added: Mar 2, 2025
Changed: Aug 31
Last Checked: Sep 2 at 1:40AM
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 Collini Real Estate LLC
Investment Insights
Based on property information with market context.
This 1,806-square-foot duplex contains two residential units and is being sold in AS-IS condition. The lower-level Unit 1 includes three bedrooms, one bathroom, and separate front and side entrances. Unit 2 provides two bedrooms, one bathroom, and a spacious living room. Both units are occupied by long-term tenants.
The property is located at 700 E Peach St in Vineland, NJ. A city park, laundromat, and Spanish restaurants are each situated one block away. Tenant access and showing arrangements are coordinated through the listing agent, and tenants should not be disturbed.
The property is located at 700 E Peach St in Vineland, NJ. A city park, laundromat, and Spanish restaurants are each situated one block away. Tenant access and showing arrangements are coordinated through the listing agent, and tenants should not be disturbed.
Key Highlights
- Two‑unit duplex totaling 1,806 square feet
- Both units occupied by long‑term tenants
- Unit 1: 3 bedrooms, 1 bathroom, front and side entrances
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
$21,621
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
9.01%
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%
$432,420
$432.4K
Cap Rate 7%
$308,871
$308.9K
Cap Rate 9%
$240,233
$240.2K
Market Conditions
NOI Build-Up for 1,806 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
$42.0K $23.28/SF
− Vacancy
−$2.7K −$1.51/SF
EGI
$39.3K $21.77/SF
− OpEx
−$17.7K −$9.80/SF
NOI
$21.6K $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 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%
$432,420
Cap Rate 7%
$308,871
Cap Rate 9%
$240,233
Alternative Uses
Best Use
Multifamily LT 5
$335.5K
$293.6K – $391.5K
NOI $23,487 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,621 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,821 @ 7.0% cap · market cap 79.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
949
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
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 - Both units are occupied by long-term tenants, with Unit 1 offering front and side entrances.
Where is this duplex located?
The property is located at 700 E Peach St Vineland, NJ.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,806 square feet; Both units occupied by long‑term tenants; Unit 1: 3 bedrooms, 1 bathroom, front and side entrances
