Duplex with New
New
For Sale
$330,000
916 E CHESTNUT Avenue, Vineland, NJ 08360
Multi-Family, VINELAND, NJ
Property Size1,904 SF
Lot Size0.19 Acres
Price / SF$173.32
Days on Market3
Property Features for 916 E CHESTNUT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
Driveway
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
1,904 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
3821
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Central Air
Building Details
Year built
1945
Number of units
1
Building materials
Block
Architectural style
Other
Listing Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
Michael P Carr · License #234785
(856) 904-3829
Added: Sep 10
Last Checked: Sep 12 at 2:06PM
MLS# NJCB2032902
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 1,904-square-foot duplex was built in 1945 with block construction and a two-unit layout. Both residences have long-term tenants, while the second-floor unit benefits from a new central AC system. A recently installed roof adds to the property’s current improvements.
The property occupies 0.1947 acres in Vineland, NJ, with the building positioned well back from the road. Heating is provided by hot water and baseboard systems, and a driveway offers on-site parking. The first-floor lease runs through May 2027.
The property occupies 0.1947 acres in Vineland, NJ, with the building positioned well back from the road. Heating is provided by hot water and baseboard systems, and a driveway offers on-site parking. The first-floor lease runs through May 2027.
Key Highlights
- 1,904‑square‑foot duplex on 0.1947 acres
- New roof recently installed
- New central AC unit serving the second‑floor 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
$24,761
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
7.50%
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%
$495,220
$495.2K
Cap Rate 7%
$353,729
$353.7K
Cap Rate 9%
$275,122
$275.1K
Market Conditions
NOI Build-Up for 1,904 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
$37.7K $19.80/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$35.4K $18.58/SF
− OpEx
−$10.6K −$5.57/SF
NOI
$24.8K $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%
$495,220
Cap Rate 7%
$353,729
Cap Rate 9%
$275,122
Alternative Uses
Best Use
Multifamily LT 5
$353.7K
$309.5K – $412.7K
NOI $24,761 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$325.6K
$284.9K – $379.9K
NOI $22,794 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$2.86M
$2.50M – $3.34M
NOI $200,121 @ 7.0% cap · market cap 60.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
986
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units include a recently added second-floor central air system.
Where is this duplex located?
The property is located at 916 E CHESTNUT Avenue 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: 1,904‑square‑foot duplex on 0.1947 acres; New roof recently installed; New central AC unit serving the second‑floor unit
