802 WHEATON Avenue, Millville, NJ 08332
MULTI_FAMILY - Colonial - MILLVILLE, NJ
- Added:
- Jul 3, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 6 at 10:06 pm
Property Features for 802 WHEATON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 4
- Parking features
- Driveway, On Street
- Standard status
- Active
- Size
- 1,520 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3601
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1912
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Colonial
Listing agent Carol Terrell License #0227464 (856) 534-4238
Listing office Keller Williams - Main Street 983 Haddon Avenue, Collingswood or Haddon Heights, NJ (856) 858-2200
Listing date Jul 3, 2026
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.
HighLights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
- Annual NOI of approximately $25,055.76 (per public remarks)
- Heating: forced air; cooling: central air and ceiling fans
- Construction materials: frame; architectural style: Colonial
- Year built: 1912
- Parking available via driveway and on‑street; sold as‑is (per public remarks)
Overview
The property is located at 802 Wheaton Avenue in Millville, New Jersey, within Cumberland County. The seller describes the area as convenient to local parks, dams, bridges, eateries, and entertainment.
For investors or owner-operators seeking an occupied rental duplex, this structure provides a straightforward two-unit layout with consistent unit mix across both apartments. The listing is also presented as part of a broader portfolio with multiple locations throughout New Jersey, and the seller indicates buyers may be eligible for discounts when purchasing more than one property as a package. The seller would like the buyer to use his title company, and buyers are responsible for conducting their own due diligence prior to purchase.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.0352502
- Latitude
- 39.4047405
