Vineland Duplex
For Sale
$250,000
Pending
715 E MONTROSE STREET, Vineland, NJ 08360
Duplex offering with flexible acquisition options, available separately or alongside two additional duplex properties.
Property Size1,666 SF
Days on Market22
Property Features for 715 E MONTROSE STREET
General Information
Standard status
Pending
Size
1,666 SF
Property subtype
Duplex
Additional Details
Multifamily Units
6
Building Details
Year Built
1900
Buildings
3
Listing Agency:
Keller Williams Prime Realty
(856) 362-5072
Listed By:
Joseph Battaglia · License #2336899
(856) 716-3663
Source:
Cummingsrealtors
Added: Sep 15
Changed: Oct 6
Last Checked: Oct 5 at 7:06PM
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 Keller Williams Prime Realty
Investment Insights
Based on property information with market context.
This duplex property is located in Vineland, New Jersey, and was constructed in 1900. It is presented as part of a three-duplex offering, giving purchasers the option to acquire this property individually or pursue the group as a package.
The property is situated at 715 E Montrose Street. The offering structure supports either a single-property acquisition or a broader purchase involving the other two duplexes in the group.
The property is situated at 715 E Montrose Street. The offering structure supports either a single-property acquisition or a broader purchase involving the other two duplexes in the group.
Key Highlights
- Duplex property built in 1900
- Part of a three‑duplex offering in Vineland
- Available individually or as part of the package
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,666
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,320
$433.3K
Cap Rate 7%
$309,514
$309.5K
Cap Rate 9%
$240,733
$240.7K
Market Conditions
NOI Build-Up for 1,666 SF
Gross rent
$33.0K $19.80/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$31.0K $18.58/SF
− OpEx
−$9.3K −$5.57/SF
NOI
$21.7K $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%
$433,320
Cap Rate 7%
$309,514
Cap Rate 9%
$240,733
Alternative Uses
Best Use
Multifamily LT 5
$309.5K
$270.8K – $361.1K
NOI $21,666 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$284.9K
$249.3K – $332.4K
NOI $19,945 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,106 @ 7.0% cap · market cap 70.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,131
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering with flexible acquisition options, available separately or alongside two additional duplex properties.
Where is this duplex located?
The property is located at 715 E MONTROSE STREET Vineland, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex property built in 1900; Part of a three‑duplex offering in Vineland; Available individually or as part of the package
