Two-Unit Duplex with Finished
For Sale
Under Contract
$475,000
12 Liberty Street, Fords, NJ 08863
Residential Income, Fords, NJ
Property Size1,684 SF
Lot Size0.16 Acres
Price / SF$282.07
Days on Market1669
Property Features for 12 Liberty Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-10
Zoning description
Buyer Should Verify
Rooms
Basement
Window features
Screens
Patio and Porch features
Porch, Deck
Interior features
Unit 1(3 Bedrooms, Kitchen, Laundry Hookup, Living Room, 2+ Baths), Unit 2(2 Bedrooms, Kitchen, Living Room)
Exterior features
Curbs, Deck, Storage Shed, Yard, Porch, Screens/Storms
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator, Washer)
Subdivision
Liberty Estates
Lot features
Near Shopping, Corner Lot, Near Public Transit
Elementary school district
Woodbridge Township Sd
Middle school district
Woodbridge Township Sd
High school district
Woodbridge Township Sd
Standard status
Active Under Contract
APN
2500013020002001
Size
1,684 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2021
Tax Annual Amount
11405
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Amenities
finished basement
yard
Building Details
Year built
1949
Floors in Building
2
Building materials
Brick, Vinyl Siding
Roof type
Slate
Additional Structures
Storage
Listing Agency:
CENTURY 21 MAIN STREET REALTY
(732) 750-4663
Listed By:
Joseph Cimilluca
(732) 527-7201
Added: Feb 7, 2022
Changed: Sep 1
Last Checked: Sep 3 at 6:06AM
MLS# 2209391R
Copyright © 2026 All Jersey MLS. 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-unit duplex contains 1,684 square feet and was built in 1949. The first-floor residence offers three bedrooms, a kitchen, living room, laundry hookup, and 2+ baths; the second-floor residence includes two bedrooms, a kitchen, and living room. A finished full basement serves as common area space. Brick and vinyl siding, slate roofing, baseboard and hot-water heating, and public water and sewer complete the property.\n\nThe 0.1556-acre parcel occupies a corner lot at 12 Liberty Street in Fords, New Jersey. Exterior features include a porch, deck, screened and storm components, storage shed, curbs, and a yard. The property is zoned R-10 and is located near shopping and mass transit.
Key Highlights
- Two‑unit duplex with a 3‑bedroom first‑floor residence and 2‑bedroom second‑floor residence
- 1,684 square feet on a 0.1556‑acre corner lot
- Finished full basement configured as common area space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,680
$563.7K
Cap Rate 7%
$402,629
$402.6K
Cap Rate 9%
$313,156
$313.2K
Market Conditions
NOI Build-Up for 1,684 SF
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.
Gross rent
$43.0K $25.56/SF
− Vacancy
−$2.8K −$1.65/SF
EGI
$40.3K $23.91/SF
− OpEx
−$12.1K −$7.17/SF
NOI
$28.2K $16.74/SF
Area
Middlesex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,680
Cap Rate 7%
$402,629
Cap Rate 9%
$313,156
Alternative Uses
Best Use
Multifamily LT 5
$402.6K
$352.3K – $469.7K
NOI $28,184 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$370.0K
$323.7K – $431.6K
NOI $25,897 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$439.7K
$384.8K – $513.0K
NOI $30,781 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 08863, NJ
12,939
Population
4,770
Households
2.7
Avg Household Size
40
Median Age
39%
College-Educated
91%
High-School Grad
1.7 sq mi
ZIP Area
7,611
Density / Sq Mi
$116,250
Median Household Income
$61,018
Median Earnings
$1,976
Median Rent
$414,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-vinyl duplex with separate kitchens, outdoor space, and access to shopping and mass transit.
Where is this duplex located?
The property is located at 12 Liberty Street Fords, NJ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with a 3‑bedroom first‑floor residence and 2‑bedroom second‑floor residence; 1,684 square feet on a 0.1556‑acre corner lot; Finished full basement configured as common area space
