$375,000

513 515 E Pine St Millville, NJ 08332

Estimated payment $2,394/month

Studio
-- Bath
2,578 Sq Ft
$145 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • Property is in very good condition
  • Window Unit Cooling System
  • Ceiling Fan

About This Home

Investor Alert! Strong cap rate and annual return opportunity here. This two-unit duplex features two bedrooms and one bathroom in each unit, with tenants already in place and generating solid rental income. The property is producing an annual NOI of approximately $42,348.84 making it an attractive addition to an investment portfolio. Bring your finishing touches and unlock even more potential. With routine upkeep. This income-producing duplex is positioned to help you generate consistent monthly cash flow. This property is being sold as part of a larger portfolio with multiple locations throughout New Jersey. Buyers may be eligible for a discount when purchasing more than one property or acquiring the portfolio as a package deal. The seller can also offer creative financing options, including the potential to take over the existing mortgage on these rental properties. Ask about it before or after your tour. Located in a convenient area near local parks, dams, bridges, eateries, and entertainment, this duplex offers both investment appeal and neighborhood amenities. The seller is selling AS IS. All units are up to date with TWP CO's and housing where necessary. Seller would like the buyer to use his title company to purchase. Buyer responsible for their own Due Diligence before purchase. Don’t miss this opportunity—schedule your showing today!

Listing Agent

Carol Terrell

(856) 858-2200 njrealtortara@gmail.com Keller Williams - Main Street Brokerage Phone: 8568582200 License #0227464 Listed on: 07/03/2026

Keller Williams - Main Street

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,567

Year Built

  • Built in 1927

Lot Details

  • 902 Sq Ft Lot
  • Lot Dimensions are 10.00 x 0.00
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Colonial Architecture
  • Converted Dwelling
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,578 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Schools

  • Silver Run Elementary School
  • Lakeside Middle School
  • Millville Senior High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Municipal Trash
  • Private Sewer

Community Details

  • Insurance Expense $980
  • Operating Expense $19,451
  • Net Operating Income $42,349

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 10-00426-00005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,567

Year Built

Built in 1927

Lot Details

902 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling, Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property
  • Inclusions: All Appliances and Fixtures are being transferred in their AS IS Condition.
  • New Construction: No
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block, Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2578
  • Living Area Sq Ft: 2578
  • Price Per Sq Ft: 145.46
  • Above Grade Finished Sq Ft: 2578
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Private Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: SILVER RUN E.S.
  • High School: MILLVILLE SENIOR H.S.
  • Middle Or Junior School: LAKESIDE M.S.

Lot Info

  • Lot Size Acres: 0.02
  • Lot Dimensions: 10.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 902.00
  • Property Condition: Very Good, Good, Average
  • Zoning: B-1

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 4
  • Owner Pays: Insurance, Sewer, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 61800.00
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Gross Income: 61800.00
  • Operating Expense: 19451.16
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Annual Amount: 4567.00
  • Assessor Parcel Number: 10-00426-00005
  • Tax Lot: 00005
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: MILLVILLE AREA

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/03/2026 07/03/26 For Sale $375,000 -- $145 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: NJCB2031504

Bright MLS
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