Updated Side-by-Side
New
For Sale
$299,999
802 E VINE Street E, Millville, NJ 08332
Multi-Family, MILLVILLE, NJ
Property Size1,616 SF
Lot Size0.13 Acres
Price / SF$185.64
Days on Market2
Property Features for 802 E VINE Street E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Driveway, Off Street, On Street
Subdivision
NONE AVAILABLE
Elementary school district
MILLVILLE BOARD OF EDUCATION
Middle school district
MILLVILLE BOARD OF EDUCATION
High school district
MILLVILLE BOARD OF EDUCATION
Standard status
Active
Size
1,616 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
4627
Utilities
Heating system
Hot Water(Heating), Baseboard
Building Details
Year built
1950
Number of units
1
Building materials
Frame
Architectural style
Ranch
Listing Agency:
DePalma Realty · ERA Real Estate
(856) 825-5500
Listed By:
Lenmarve McIntosh · License #2190318
(856) 524-4455
Added: Aug 22
Last Checked: Aug 23 at 2:06AM
MLS# NJCB2032588
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 802 E Vine Street E in Millville, this side-by-side duplex contains 1,616 square feet across two residential units. The first unit has 1 bedroom, 1 full bath, and a large basement that can support storage, office, recreation, or hobby use. The second unit provides 2 bedrooms and 1 full bath. Both sides have been updated, and the property is arranged in a ranch-style frame building constructed in 1950.
The 0.1263-acre parcel includes driveway, off-street, and on-street parking options. Heating is provided through hot water and baseboard systems. One unit is expected to become available, offering flexibility for an owner-occupant or an investor selecting a future tenant.
The 0.1263-acre parcel includes driveway, off-street, and on-street parking options. Heating is provided through hot water and baseboard systems. One unit is expected to become available, offering flexibility for an owner-occupant or an investor selecting a future tenant.
Key Highlights
- Side‑by‑side duplex with 1,616 square feet
- Unit mix includes 1 bedroom/1 bath and 2 bedrooms/1 bath
- Large basement attached to the 1‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,016
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,320
$420.3K
Cap Rate 7%
$300,229
$300.2K
Cap Rate 9%
$233,511
$233.5K
Market Conditions
NOI Build-Up for 1,616 SF
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.
Gross rent
$32.0K $19.80/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$30.0K $18.58/SF
− OpEx
−$9.0K −$5.57/SF
NOI
$21.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,320
Cap Rate 7%
$300,229
Cap Rate 9%
$233,511
Alternative Uses
Best Use
Multifamily LT 5
$300.2K
$262.7K – $350.3K
NOI $21,016 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$276.4K
$241.8K – $322.4K
NOI $19,346 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,851 @ 7.0% cap · market cap 56.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
697
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 residential units include refreshed interiors, separate living areas, and a full basement on one side.
Where is this duplex located?
The property is located at 802 E VINE Street E Millville, NJ.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Side‑by‑side duplex with 1,616 square feet; Unit mix includes 1 bedroom/1 bath and 2 bedrooms/1 bath; Large basement attached to the 1‑bedroom unit
