Duplex with Detached
703 Buck Street Millville, NJ 08332
For Sale
$285,000
Pending
Duplex home featuring newly installed flooring, updated kitchen and bathrooms, and a large garage with alley entry.
Property Size1,852 SF
Days on Market51
Property Features for 703 Buck Street
General Information
- Standard status
- Pending
- Size
- 1,852 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1951
Listing Agency:
EXP Realty, LLC
(609) 579-9417
Listed By:
Nancy Michelle Hund · License #1645158
(609) 579-9417
Source:
Compass
Added: Jun 3
Changed: Jul 23
Last Checked: Jul 23 at 2:54PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This duplex offers an income-producing layout with the opportunity to live in one unit while renting the other. Recent updates include newly installed flooring, an updated kitchen, and updated bathrooms. A Simply Safe security system is included.
The property also includes a large garage with an alleyway entrance for parking convenience. For access and showings, please do not enter the property without an appointment due to cameras.
County is Cumberland, and the school district is Millville Board of Education.
The property also includes a large garage with an alleyway entrance for parking convenience. For access and showings, please do not enter the property without an appointment due to cameras.
County is Cumberland, and the school district is Millville Board of Education.
Key Highlights
- Duplex home built in 1951
- Newly installed flooring throughout
- Updated kitchen and updated bathrooms
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 | $36.7k | $19.80 |
| − Vacancy | −$2.3k | −$1.22 |
| EGI | $34.4k | $18.58 |
| − OpEx | −$10.3k | −$5.57 |
| NOI | $24.1k | $13.00 |
1,852 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.1K
$301.1K – $401.4K
NOI $24,085 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$316.7K
$277.2K – $369.5K
NOI $22,172 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,656 @ 7.0% cap · market cap 68.30%
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 home featuring newly installed flooring, updated kitchen and bathrooms, and a large garage with alley entry.
Where is this duplex located?
The property is located at 703 Buck Street Millville, NJ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex home built in 1951; Newly installed flooring throughout; Updated kitchen and updated bathrooms
