Duplex with 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 Market49
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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
3821
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1945
Number of units
1
Building materials
Block
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
Michael P Carr · License #234785
(856) 904-3829
Added: Sep 10
Changed: Oct 23
Last Checked: Oct 28 at 12:06PM
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.
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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 / Yr
$24,761
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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
