Two-Unit Duplex Investment
For Sale
$290,000
8 South Race Street, Millville, NJ 08332
Two-unit duplex with two bedrooms and one bathroom per unit, tenants in place, generating approximately $32,538.36 annual NOI.
Property Size2,492 SF
Price / SF$116.37
Days on Market35
Property Features for 8 South Race Street
General Information
Standard status
Active
Size
2,492 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
2
Building Details
Year Built
1917
Tenancy
Multi
Listing Agency:
Keller Williams - Main Street
(856) 534-4238
Listed By:
Carol Terrell · License #0227464
(856) 534-4238
Source:
Compass
Added: Jun 28
Changed: Jul 22
Last Checked: Jul 24 at 3:05PM
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 - Main Street
Investment Insights
Based on property information with market context.
This two-unit duplex offers a straightforward income setup, with each unit featuring two bedrooms and one bathroom. Tenants are already in place, and the property is producing an annual NOI of approximately $32,538.36. The seller is offering the home in as-is condition, and states that the units are up to date with TWP COs where applicable.
The property is located in Millville, Cumberland County, at 8 South Race Street. The listing also notes a bus stop within less than 1 mile, and the surrounding area is described as convenient to local parks, dams, bridges, eateries, and entertainment.
This duplex is being sold as part of a larger portfolio with multiple locations throughout New Jersey. The seller indicates buyers may be eligible for a discount when purchasing more than one property or acquiring the portfolio as a package deal, and may also consider creative financing, including a possible mortgage take over. The seller would like the purchase to use his title company, and buyers are responsible for their own due diligence prior to purchase.
The property is located in Millville, Cumberland County, at 8 South Race Street. The listing also notes a bus stop within less than 1 mile, and the surrounding area is described as convenient to local parks, dams, bridges, eateries, and entertainment.
This duplex is being sold as part of a larger portfolio with multiple locations throughout New Jersey. The seller indicates buyers may be eligible for a discount when purchasing more than one property or acquiring the portfolio as a package deal, and may also consider creative financing, including a possible mortgage take over. The seller would like the purchase to use his title company, and buyers are responsible for their own due diligence prior to purchase.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
- Tenants already in place, generating an annual NOI of approximately $32,538.36
- Year built: 1917; accessibility features listed as none
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 08332, NJ
35,396
Population
15,063
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
104.5 sq mi
ZIP Area
339
Density / Sq Mi
$65,825
Median Household Income
$39,595
Median Earnings
$1,223
Median Rent
$195,900
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 - Two-unit duplex with two bedrooms and one bathroom per unit, tenants in place, generating approximately $32,538.36 annual NOI.
Where is this duplex located?
The property is located at 8 South Race Street Millville, NJ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit; Tenants already in place, generating an annual NOI of approximately $32,538.36; Year built: 1917; accessibility features listed as none
