Three-Unit Multifamily
For Sale
$315,000
713 E Pear St, Vineland, NJ 08360
Residential unit mix includes one 1-bedroom apartment and two 2-bedroom apartments, with flex space in the second-floor unit.
Property Size1,998 SF
Price / SF$157.66
Days on Market67
Property Features for 713 E Pear St
General Information
Standard status
Active
Size
1,998 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 2 x 2BR
Multifamily Units
3
Amenities
covered front porch
large yard
Building Details
Buildings
1
Listing Agency:
PLATINUM REAL ESTATE
Listed By:
ARTURO BARRERA · License #0234489
(609) 646-3207
Source:
Southjerseyshorehomesfinder
Added: Aug 12
Changed: Oct 17
Last Checked: Oct 7 at 2:51PM
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 PLATINUM REAL ESTATE
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Investment Insights
Based on property information with market context.
This 1,998-square-foot triplex contains three residential units with varied layouts. The configuration includes a first-floor 1-bedroom apartment, a second-floor 2-bedroom apartment with flex space, and a separate first-floor 2-bedroom apartment. Each unit includes an eat-in kitchen or dining area along with living room space. Exterior features include a covered front porch and a large yard.
Recent sidewalk and street improvements are complete. The property sits 2 blocks south of Landis Park and near the new police station, city hall, and post office, placing municipal services and a local park within close reach. The owner has also continued property improvements and updates.
Recent sidewalk and street improvements are complete. The property sits 2 blocks south of Landis Park and near the new police station, city hall, and post office, placing municipal services and a local park within close reach. The owner has also continued property improvements and updates.
Key Highlights
- Three‑unit triplex totaling 1,998 square feet
- Unit mix includes one 1‑bedroom unit and two 2‑bedroom units
- Second‑floor 2‑bedroom unit includes flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,984
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,680
$519.7K
Cap Rate 7%
$371,200
$371.2K
Cap Rate 9%
$288,711
$288.7K
Market Conditions
NOI Build-Up for 1,998 SF
Gross rent
$39.6K $19.80/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$37.1K $18.58/SF
− OpEx
−$11.1K −$5.57/SF
NOI
$26.0K $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%
$519,680
Cap Rate 7%
$371,200
Cap Rate 9%
$288,711
Alternative Uses
Best Use
Multifamily LT 5
$371.2K
$324.8K – $433.1K
NOI $25,984 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$341.7K
$299.0K – $398.7K
NOI $23,920 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,001 @ 7.0% cap · market cap 66.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Residential unit mix includes one 1-bedroom apartment and two 2-bedroom apartments, with flex space in the second-floor unit.
Where is this triplex located?
The property is located at 713 E Pear St Vineland, NJ.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 1,998 square feet; Unit mix includes one 1‑bedroom unit and two 2‑bedroom units; Second‑floor 2‑bedroom unit includes flex space
