Vineland Triplex Investment
713 East Pear Street Vineland, NJ 08360
713 East Pear Street, Vineland, NJ, 08360
$315,000
For Sale
$315,000
Triplex with three income-producing units in a prime location.
Property Size1,998 SF
Price / SF$157.66
Days on Market80
Property Features for 713 East Pear Street
General Information
- Standard status
- Active
- Size
- 1,998 SF
- Property subtype
- MULTI-FAMILY / Triplex
Listing Agency
PLATINUM REAL ESTATE
(609) 287-0923
Listed by
ARTURO BARRERA · License #0234489
(609) 287-0923
Source
Compass
Added: May 1 Checked: Jul 19 at 5:18 am
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
Investment Insights
Based on property information with market context.
This triplex presents an investment opportunity with three income-producing units. Each unit features a layout that includes an eat-in kitchen/dining area and living room space. The property consists of one 1-bedroom unit, one 1-bedroom unit with flex space suitable for an office, den, or storage, and one 2-bedroom unit. The property includes a covered front porch and a large yard. Recent improvements include new sidewalks and street enhancements. The location provides accessibility to the new police station, city hall, and post office. The property size is 1998 square feet.
Key Highlights
- Triplex with 3 income‑producing units
- Prime location close to major local amenities
- One 2‑bedroom unit and two 1‑bedroom units, one with flex space
Local 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 | $39.6k | $19.80 |
| − Vacancy | −$2.4k | −$1.22 |
| EGI | $37.1k | $18.58 |
| − OpEx | −$11.1k | −$5.57 |
| NOI | $26.0k | $13.00 |
1,998 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three income-producing units in a prime location.
Where is this triplex located?
The property is located at 713 East Pear Street 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: Triplex with 3 income‑producing units; Prime location close to major local amenities; One 2‑bedroom unit and two 1‑bedroom units, one with flex space
