312 N 2nd Street
Millville, NJ 08332
- – beds
- – baths
- 3,172 sqft
- 4,356 sqft lot
- $141 per sqft
- 1917 build
"Don’t let this purr-fect investment property slip away! Legal 2 Sty Quad (side-by-side) with four separate entrances. This fully occupied property features **2 two-bedroom** and **2 one-bedroom** units, all on yearly leases! Upstairs units boast full attics for bonus space, while downstairs units have access to a full basement. Additional perks include a small rear yard, separate hot water tanks, individual heating, on-site parking, a deck, and more! Fantastic income-producing opportunity with a **13.89% cash-on-cash ROI** based on a **20% down conventional mortgage at 8% interest**. Don't miss out on this prime multi-family investment!"**Please note that this property is being sold strictly "AS IS".
Last checked:
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Last updated Mar 25, 2025
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MLS# NJCB2022656 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1917
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Frame
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Building Units Total:4
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Structure Type:Detached
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Architectural Style:Side-by-Side
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Accessibility Features:None
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Foundation Details:Block
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Basement:Yes
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Basement Type:Interior Access, Full
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
Interior
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Interior Features:Attic, Kitchen - Eat-In
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3172
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Living Area SqFt:3,172 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional
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Possession:Subject to Existing Lease
Location
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Directions:East Broad to left on N 2nd between E. Vine and E. Mulberry St.
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Latitude:39.39881500
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Longitude:-75.03734500
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Location Type:Middle Of Block
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.10
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Lot Size Source:Estimated
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Lot Size Dimensions:66 x 66
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Lot Dimensions Source:Estimated
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Lot Features:Cleared, Private, Rear Yard
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Lot SqFt:4,356 Sqft
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Zoning:B-3
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (609) 944-8809
- Office phone:
- (866) 201-6210
Taxes
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Tax ID Number:10-00367-00020
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Tax Year:2024
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Tax Annual Amount:$5,632
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Tax Assessed Value:$143,500
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Ceiling Fan(s)
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
Utilities
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Utilities:Natural Gas Available, Electric Available
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Appliances
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Appliances:Microwave, Oven/Range - Gas, Oven - Self Cleaning, Water Heater
Schools
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School District Name:Millville Area
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School District Source:Listing Agent
The Community
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Subdivision Name:None
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Exterior Features:Exterior Lighting
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Cap Rate:10.55
Parking
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Total Garage and Parking Spaces:2
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Garage:No
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Type of Parking:Driveway, On Street
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Driveway - # of Spaces:2
Extra Units
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Vacation Rental:No
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One Bedroom Units:2
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Two Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/23/25
Feb 23, 2025
|
Listed / Active | BRIGHT | $449,900 |