Income Duplex with Attached
815 Sawyer Avenue Vineland, NJ 08360
815 Sawyer Avenue, Vineland, NJ, 08360
$349,000
For Sale
$349,000
Duplex with two separate units, individual gas and electric meters, and an attached garage with basement access.
Property Size1,769 SF
Price / SF$197.29
Days on Market169
Property Features for 815 Sawyer Avenue
General Information
- Standard status
- Active
- Size
- 1,769 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing agency
S. Kelly Real Estate LLC
(856) 332-8583
Listed by
Jacqueline Capoferri · License #1541079
(856) 332-8583
Source
Compass
Added: Feb 3 Updated: Jul 21 at 9:33PM Checked: Jul 22 at 8:24AM
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 S. Kelly Real Estate LLC
Investment Insights
Based on property information with market context.
This income-producing duplex includes two separate residential units with distinct gas and electric meters. The first-floor unit features a living room, family room, bedroom, bathroom, and kitchen, along with a bonus room that may serve as a home office or rear sitting room with direct backyard access. The unit provides access to a full basement with washer/dryer hookups and where utilities are located. The second-floor unit offers a living room, two bedrooms, a bathroom, and a kitchen with a dining area, plus a rear door with steps to the backyard.
The property has a front common entrance and rear independent entrances for each unit. There is an attached garage with access from the rear and direct entry into the basement. The main sewer line was replaced approximately one year ago, and required lead certifications for rental properties are completed.
One unit is tenant-occupied while the second unit is vacant, creating an owner-occupant-friendly configuration for living in one unit and renting the other.
The property has a front common entrance and rear independent entrances for each unit. There is an attached garage with access from the rear and direct entry into the basement. The main sewer line was replaced approximately one year ago, and required lead certifications for rental properties are completed.
One unit is tenant-occupied while the second unit is vacant, creating an owner-occupant-friendly configuration for living in one unit and renting the other.
Key Highlights
- Two‑unit duplex with one tenant‑occupied unit and one vacant unit for an owner‑occupant option
- Separate gas and electric meters for the two units
- First‑floor unit includes a bonus room and access to a full basement with utilities and washer/dryer hookups
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 | $35.0k | $19.80 |
| − Vacancy | −$2.2k | −$1.22 |
| EGI | $32.9k | $18.58 |
| − OpEx | −$9.9k | −$5.57 |
| NOI | $23.0k | $13.00 |
1,769 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.7K
$287.6K – $383.4K
NOI $23,006 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$302.5K
$264.7K – $353.0K
NOI $21,178 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$2.66M
$2.32M – $3.10M
NOI $185,932 @ 7.0% cap · market cap 53.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two separate units, individual gas and electric meters, and an attached garage with basement access.
Where is this duplex located?
The property is located at 815 Sawyer Avenue Vineland, NJ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex with one tenant‑occupied unit and one vacant unit for an owner‑occupant option; Separate gas and electric meters for the two units; First‑floor unit includes a bonus room and access to a full basement with utilities and washer/dryer hookups
