Two-Family Residence with Private
1068 County Road 521 Newton, NJ 07860
1068 County Road 521, Newton, NJ, 07860
$399,900
For Sale
$399,900
MULTI_FAMILY - Stillwater Twp., NJ
Property Size1,828 SF
Lot Size0.30 Acres
Price / SF$218.76
Days on Market31
Property Features for 1068 County Road 521
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 2
- Parking
- 5
- Standard status
- Active
- Size
- 1,828 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5901
Utilities
- Heating system
- Baseboard
- Cooling system
- Ductless
- Water source
- Well
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
RE/MAX SELECT
(973) 625-0450
20 W MAIN STREET, Morristown, NJ
Listed by
KYLE R. KERWIN
(973) 539-6300
Added: Jun 17 Checked: Jul 17 at 7:06 pm
MLS# 4035240
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family residence offers two self-contained units designed for separation and convenience. Each unit is serviced by its own private driveway, with individual heating provided by a separate boiler and separate oil tank, which can help reduce shared-maintenance concerns. The property also includes a newer roof intended to limit near-term exterior expense.
Located at 1068 County Road 521 in Stillwater Twp., Sussex County, the home is positioned within the “Stillwater section of Newton” as described in the remarks. The listing notes easy access to local amenities, shopping, dining, and major roadways, supporting practical everyday use for both tenants and owners.
For tenants, the layout supports privacy and independent access, with separate systems in place for day-to-day operation. For owner-occupants, the two-unit configuration provides a straightforward way to supplement household expenses through rental income, while still maintaining an independent setup for each unit. For investors, the property’s duplex structure, separate driveways, and individually served mechanicals are key operational details to consider when evaluating an income-producing residential property.
Located at 1068 County Road 521 in Stillwater Twp., Sussex County, the home is positioned within the “Stillwater section of Newton” as described in the remarks. The listing notes easy access to local amenities, shopping, dining, and major roadways, supporting practical everyday use for both tenants and owners.
For tenants, the layout supports privacy and independent access, with separate systems in place for day-to-day operation. For owner-occupants, the two-unit configuration provides a straightforward way to supplement household expenses through rental income, while still maintaining an independent setup for each unit. For investors, the property’s duplex structure, separate driveways, and individually served mechanicals are key operational details to consider when evaluating an income-producing residential property.
Key Highlights
- Two‑family home built in 1930 in Newton’s Stillwater section
- Each unit has its own private driveway
- Separate boiler and separate oil tank for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $25.56 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $43.7k | $23.91 |
| − OpEx | −$13.1k | −$7.17 |
| NOI | $30.6k | $16.74 |
1,828 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.1K
$382.4K – $509.9K
NOI $30,594 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.5K
NOI $28,111 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$477.3K
$417.7K – $556.9K
NOI $33,413 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two independent units in Stillwater Twp., each with a private driveway, separate boiler, and separate oil tank.
Where is this duplex located?
The property is located at 1068 County Road 521 Newton, NJ.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑family home built in 1930 in Newton’s Stillwater section; Each unit has its own private driveway; Separate boiler and separate oil tank for each unit
