Tenant-Occupied
For Sale
$330,000
812 E Elmer St, Vineland, NJ 08360
Two month-to-month tenancies and separate utilities support ongoing rental operations in a two-unit configuration.
Property Size1,649 SF
Price / SF$200.12
Days on Market44
Property Features for 812 E Elmer St
General Information
Standard status
Active
Size
1,649 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Keller Williams Prime Realty
Listed By:
Digna Vasquez · License #2445196
(856) 484-6417
Source:
Soldbypattie
Added: Jul 21
Changed: Aug 31
Last Checked: Sep 1 at 9:53PM
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.
Located at 812 E Elmer St, this two-unit duplex was built in 1925 and is being offered in as-is condition. The layout includes one two-bedroom unit and one three-bedroom unit. Both residences are occupied under month-to-month tenancy arrangements, while each unit has its own utilities.
The property is situated in Vineland, New Jersey, near shopping, schools, restaurants, and public transportation. Its established duplex configuration provides two separate residential units with an existing tenant-occupied setup.
The property is situated in Vineland, New Jersey, near shopping, schools, restaurants, and public transportation. Its established duplex configuration provides two separate residential units with an existing tenant-occupied setup.
Key Highlights
- Two‑unit duplex with one 2‑bedroom unit and one 3‑bedroom unit
- Both units are tenant‑occupied on a month‑to‑month basis
- Each unit has its own utilities
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
$21,445
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
6.50%
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%
$428,900
$428.9K
Cap Rate 7%
$306,357
$306.4K
Cap Rate 9%
$238,278
$238.3K
Market Conditions
NOI Build-Up for 1,649 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
$32.7K $19.80/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$30.6K $18.58/SF
− OpEx
−$9.2K −$5.57/SF
NOI
$21.4K $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%
$428,900
Cap Rate 7%
$306,357
Cap Rate 9%
$238,278
Alternative Uses
Best Use
Multifamily LT 5
$306.4K
$268.1K – $357.4K
NOI $21,445 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,319 @ 7.0% cap · market cap 52.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,128
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two month-to-month tenancies and separate utilities support ongoing rental operations in a two-unit configuration.
Where is this duplex located?
The property is located at 812 E Elmer St Vineland, NJ.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2‑bedroom unit and one 3‑bedroom unit; Both units are tenant‑occupied on a month‑to‑month basis; Each unit has its own utilities
