Seller's Agent in 2025
William B. Spinner
Real Broker, LLC
(855) 450-0442
2 in this area
71 Total Sales
803 Archer St Millville, NJ 08332
--
Bed
--
Bath
1,499
Sq Ft
2,350
Sq Ft Lot
Highlights
- Traditional Architecture
- Eat-In Kitchen
- Forced Air Heating System
About This Home
As of April 2025Duplex Investment Opportunity – Millville, NJ
This well-maintained and updated duplex presents an exceptional opportunity for investors seeking strong rental income and long-term stability. The property features two spacious 2-bedroom units, each with a fair market rent of $1,591 per month per HUD guidelines, making it a highly attractive income-producing asset. Recent upgrades, including a new roof, HVAC systems, ductwork, and a water heater, enhance efficiency and minimize future maintenance costs. Additionally, the Section 8 pricing list is available on the MLS for further rental potential evaluation.
The property is offering a turnkey opportunity for investors looking to expand their portfolio with minimal upfront improvements. Schedule your private tour today and explore the earning potential of this duplex in Millville.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,917
Year Built
- Built in 1905 | Remodeled in 2020
Lot Details
- 2,350 Sq Ft Lot
- Lot Dimensions are 23.50 x 100.00
Parking
- On-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Block Foundation
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,499 Sq Ft Home
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
Laundry
- Dryer
- Washer
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- 100 Amp Service
- Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for real estate taxes, water, sewer
- Tax Lot 00002
- Assessor Parcel Number 10-00298-00002
Community Details
Overview
- 2 Units
- 3-Story Building
Building Details
- 2 Vacant Units
- Operating Expense $2,154
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 25, 2025
Closed on
Apr 11, 2025
Sold by
Sajjan Sharanjit Singh and Singh Karamjit
Bought by
Active Contractor Corporation
Seller's Agent
William B. Spinner
Real Broker, LLC
Buyer's Agent
Fernando Lopez-Maya
EXP Realty, LLC
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%
Views
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,947
Avg. Annual Appreciation
-11.25%
Original Mortgage
$176,250
Outstanding Balance
$176,250
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$46,731
Purchase Details
Closed on
May 14, 2021
Sold by
Mcjcsr Llc
Bought by
Sajjan Sharanjit S and Singh Karamjit
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Aug 23, 2018
Closed on
May 11, 2019
Sold by
Chowdhury Matin J
Bought by
Flores Wenceslao
Seller's Agent
Edwina Pennino
RE/MAX Preferred - Vineland
Buyer's Agent
Edwina Pennino
RE/MAX Preferred - Vineland
List Price
$15,000
Sold Price
$10,000
Premium/Discount to List
-$5,000
-33.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.05%
Purchase Details
Closed on
Mar 7, 2003
Sold by
Hud
Bought by
Chowdhury Matin J
Purchase Details
Closed on
Dec 13, 1996
Sold by
Lutz Doris E and Robinson Robert
Bought by
Parsons Dawn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,150
Interest Rate
7.75%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $235,000 | Chicago Title | |
| Deed | $235,000 | Chicago Title | |
| Deed | $157,500 | Surety Title | |
| Deed | $10,000 | Landis Title Corp | |
| Deed | $20,910 | -- | |
| Deed | $20,900 | -- | |
| Deed | $41,800 | Beacon Title Services Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $176,250 | New Conventional | |
| Closed | $176,250 | New Conventional | |
| Previous Owner | $112,500 | Purchase Money Mortgage | |
| Previous Owner | $90,000 | Commercial | |
| Previous Owner | $42,150 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | Sold | $235,000 | -6.0% | $157 / Sq Ft |
| 03/15/2025 03/15/25 | Pending | -- | -- | -- |
| 02/25/2025 02/25/25 | For Sale | $250,000 | +2400.0% | $167 / Sq Ft |
| 05/15/2019 05/15/19 | Sold | $10,000 | -28.6% | $7 / Sq Ft |
| 04/16/2019 04/16/19 | Pending | -- | -- | -- |
| 02/06/2019 02/06/19 | Price Changed | $14,000 | -6.7% | $9 / Sq Ft |
| 08/23/2018 08/23/18 | For Sale | $15,000 | -- | $10 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,897 | $73,800 | $12,400 | $61,400 |
| 2024 | $2,897 | $73,800 | $12,400 | $61,400 |
| 2023 | $2,872 | $73,800 | $12,400 | $61,400 |
| 2022 | $2,798 | $73,800 | $12,400 | $61,400 |
| 2021 | $2,052 | $56,900 | $12,400 | $44,500 |
| 2020 | $2,052 | $56,900 | $12,400 | $44,500 |
| 2019 | $1,957 | $56,900 | $12,400 | $44,500 |
| 2018 | $1,917 | $56,900 | $12,400 | $44,500 |
| 2017 | $1,899 | $56,900 | $12,400 | $44,500 |
| 2016 | $1,875 | $56,900 | $12,400 | $44,500 |
| 2015 | $1,583 | $56,900 | $12,400 | $44,500 |
| 2014 | $1,587 | $56,900 | $12,400 | $44,500 |
Source: Public Records
Agents Affiliated with this Home
-
William B. Spinner
-
Jay Gonzalez
Seller Co-Listing Agent in 2025
Jay Gonzalez
Real Broker, LLC
(267) 970-2324
2 in this area
7 Total Sales
-
Fernando Lopez-Maya
F
Buyer's Agent in 2025
Fernando Lopez-Maya
EXP Realty, LLC
(609) 594-7111
1 in this area
9 Total Sales
-
Carlo Drogo
Buyer Co-Listing Agent in 2025
Carlo Drogo
EXP Realty, LLC
(856) 692-4368
70 in this area
613 Total Sales
-
Edwina Pennino
Seller's Agent in 2019
Edwina Pennino
RE/MAX
(609) 805-1610
20 in this area
45 Total Sales
Map
Source: Bright MLS
MLS Number: NJCB2022542
APN: 10-00298-0000-00002
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