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 Market89
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: Oct 2
Last Checked: Oct 16 at 12:34PM
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
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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 / Yr
$21,445
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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
