Two-Unit Duplex
802 Wheaton Avenue Millville, NJ 08332
802 Wheaton Avenue, Millville, NJ, 08332
$250,000
For Sale
$250,000
Two-unit duplex with two bedrooms and one bathroom per unit, sold as-is with tenants in place.
Property Size1,520 SF
Price / SF$164.47
Days on Market18
Property Features for 802 Wheaton Avenue
General Information
- Standard status
- Active
- Size
- 1,520 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1912
Listing Agency
Keller Williams - Main Street
(856) 534-4238
Listed by
Carol Terrell · License #0227464
(856) 534-4238
Source
Compass
Added: Jun 30 Checked: Jul 17 at 2:40 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 Keller Williams - Main Street
Investment Insights
Based on property information with market context.
This two-unit duplex offers separate living units, each with two bedrooms and one bathroom. The property is described as tenant-occupied and generating rental income. The seller notes the property is being sold as-is, and the buyer should plan to apply their own due diligence prior to purchase.
The duplex is located in Millville, New Jersey, in Cumberland County. The listing indicates a convenient area near local parks, dams, bridges, eateries, and entertainment, with a bus stop less than 1 mile away. The schools listed are Millville Area School District, including Millville Senior High School.
The property is also described as having routine upkeep, with the seller stating units are up to date with TWP CO’s and housing where necessary. It is being offered as part of a larger portfolio with multiple locations throughout New Jersey, and the seller may be willing to consider purchasing multiple properties as a package.
The duplex is located in Millville, New Jersey, in Cumberland County. The listing indicates a convenient area near local parks, dams, bridges, eateries, and entertainment, with a bus stop less than 1 mile away. The schools listed are Millville Area School District, including Millville Senior High School.
The property is also described as having routine upkeep, with the seller stating units are up to date with TWP CO’s and housing where necessary. It is being offered as part of a larger portfolio with multiple locations throughout New Jersey, and the seller may be willing to consider purchasing multiple properties as a package.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
- Tenants already in place, generating rental income
- Approximately $25,055.76 annual NOI reported
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 | $30.1k | $19.80 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $28.2k | $18.58 |
| − OpEx | −$8.5k | −$5.57 |
| NOI | $19.8k | $13.00 |
1,520 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.4K
$247.1K – $329.5K
NOI $19,767 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$260.0K
$227.5K – $303.3K
NOI $18,197 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,761 @ 7.0% cap · market cap 63.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with two bedrooms and one bathroom per unit, sold as-is with tenants in place.
Where is this duplex located?
The property is located at 802 Wheaton Avenue Millville, 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: Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit; Tenants already in place, generating rental income; Approximately $25,055.76 annual NOI reported
