Vineland Duplex: Income
For Sale
$330,000
812 E ELMER Street, Vineland, NJ 08360
Multi-Family, VINELAND, NJ
Property Size1,649 SF
Lot Size0.11 Acres
Price / SF$200.12
Days on Market194
Property Features for 812 E ELMER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street
Elementary school district
CITY OF VINELAND BOARD OF EDUCATION
Middle school district
CITY OF VINELAND BOARD OF EDUCATION
High school district
CITY OF VINELAND BOARD OF EDUCATION
Standard status
Active
Size
1,649 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
3980
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1925
Number of units
1
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams Prime Realty · Keller Williams Realty
(856) 362-5072
Listed By:
Digna Vasquez · License #2445196
(856) 484-6417
Added: Feb 9
Changed: Aug 19
Last Checked: Aug 22 at 11:06AM
MLS# NJCB2028544
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.
This income-producing duplex is located in Vineland, New Jersey, presenting an investment opportunity with immediate cash flow. Both units are tenant-occupied on a month-to-month basis, providing rental income. Unit 1 features 2 bedrooms, while Unit 2 offers 3 bedrooms. Each unit has separate utilities. The property is conveniently located near shopping, schools, restaurants, and public transportation. This duplex is suitable for investors seeking a rental property or for owner-occupancy with rental income potential. The property is being sold in its current condition. The property size is 1649 square feet and the lot size is 0.1148 acres.
Key Highlights
- Income‑producing duplex with immediate cash flow.
- Tenant‑occupied 2‑bedroom and 3‑bedroom units providing built‑in rental income.
- Separate utilities for each 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
$21,445
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
Turnkey business
Opportunity
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
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex in Vineland, tenant-occupied, close to amenities.
Where is this duplex located?
The property is located at 812 E ELMER Street 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: Income‑producing duplex with immediate cash flow.; Tenant‑occupied 2‑bedroom and 3‑bedroom units providing built‑in rental income.; Separate utilities for each unit.
