3 months on rocket

517 N 2nd St, Millville, NJ, 08332

$325,000

Home List Price

$3,859*

Closing Credit

0 Baths
Multi

Location

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517 N 2nd St, Millville$325,000

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1920
HeatingOther
CoolingWindow Unit(s)
MLS #NJCB2020396
Lot Size0.08 Acres
StatusActive
(ACTIVE)

About 517 N 2nd St

INSTANT CASH FLOW! 4 UNITS. This attached quadruplex is a rare find in Millville that combines the high gross rent revenue of a 4-unit multifamily property with the low taxes of an attached home. MONTHLY Gross rent is $3,875.00 per month and YEARLY Taxes are $3,200.00. Property is currently 100% occupied. There are 3 one bedroom, one bathroom units and 1 two bedroom, one bathroom unit. Bought in 2021, each of the units has been renovated since. All units are electric and have separate meters. Owner pays water/sewer/trash, RE taxes, and insurance. Pictured are two of the units -- other two units in similar condition. Add this cashflowing property to your portfolio or start your journey to long term wealth today!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1920

Listing Office:

  • Office Name: DePalma Realty
  • Office Phone: (856) 825-5500
  • Listing Agent: Michael DePalma

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: GPS.

Municipality:

  • Millville City

Price Information

Listing Price Info

Price Summary:

  • List Price: $325,000

Tax Information:

  • Annual Amount: $2,824
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Millville, NJ.

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Millville, NJ

City

Med. Sold Price

$226.9K

Med. Price/SqFt

$170

Avg. Days On Market

51

# of Sold Homes

21

517 N 2nd St vs Millville

91 DAYS ON ROCKET

+40 Days

$325,000

+$98K More

KEY TAKEAWAY

This property is $98K more than the Median Sold Price in Millville, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJCB2020396

Listing Office:

  • Office Name: DePalma Realty
  • Office Phone: (856) 825-5500
  • Listing Agent: Michael DePalma

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,824$82,100
2019$2,765$82,100
2018$2,766$82,100
2017$2,741$82,100

History based on county public records data.

Payment Calculator

$1,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4317843
2
/10

  • R. M. Bacon Elementary School

  • 501 S 3rd St

  • 1.02 miles

  • Public District Grades KG-5

school-card-donut-4317844
1
/10

  • Silver Run Elementary School

  • 301 Silver Run Rd

  • 1.08 miles

  • Public District Grades KG-5

school-card-donut-4317845
4
/10

  • Mount Pleasant Elementary School

  • 100 Carmel Rd

  • 1.30 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,531. Residents of Millville, NJ typically earn less than $35k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Cumberland County›Millville›08332›517 N 2nd St

This home is located at 517 N 2nd St in Millville, NJ and zip code 08332. This home, which was built in 1920, sits on a 0.08 acre lot. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $325,000.

While more than 11 listings in Millville, NJ in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 6 were sold below. The inventory of homes for sale in Millville, NJ between October 2024 and November 2024 decreased by 2.4%. In November 2024 median list price was $226,950 and the average listing age was 51 days.

From Rocket Homes Real Estate and based on county public records data.

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