South River Two-Family
2 Darrow Street South River, NJ 08882
For Sale
Under Contract
$429,000
MULTI_FAMILY - South River, NJ
Property Size2,195 SF
Lot Size0.19 Acres
Price / SF$195.44
Days on Market110
Property Features for 2 Darrow Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Dining Room, Basement
Parking features
Garage, On Street
Patio and Porch features
Porch, Patio, Deck
Interior features
Unit 1(1 Bedroom, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room)
Exterior features
Patio, Porch(es) - Enclosed, Deck
Appliances
Water Heater(Oil, See Remarks), Water Heater, Unit 1(Dryer, Refrigerator, Washer)
Standard status
Active Under Contract
APN
23001250100048
Size
2,195 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6800
Utilities
Sewer type
Public Sewer
Heating system
Space Heater, Central, Radiant
Cooling system
Window Unit(s), Wall Unit(s)
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
BORAIE REALTY, LLC
(732) 846-3700
Listed By:
Ivan Gutierrez
(732) 846-3700
Added: Apr 10
Changed: Jul 28
Last Checked: Jul 28 at 4:06PM
MLS# 2613744R
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-family property in South River, NJ, offers a unique investment opportunity. The first floor features a living room, dining room, eat-in kitchen, and a Florida room that could serve as a master bedroom with a sitting room. The basement includes a kitchen, bedroom, bathroom, and laundry room. The second floor contains an eat-in kitchen, two bedrooms, a large living room, a deck, and a patio. The property, situated on a 0.1928-acre lot, has a total area of 2195 square feet. Hardwood flooring is present under the carpets. The home requires some TLC, presenting a great opportunity for renovation or customization.
Key Highlights
- Two‑family home built in 1950 with 2 baths and a garage plus on‑street parking
- Unit 1 includes living room, dining room, eat‑in kitchen, and 1 bath (can be configured as a master BR with sitting room per remarks)
- Unit 2 offers dining room, 2 bedrooms, eat‑in kitchen, and 1 bath
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 | $56.1k | $25.56 |
| − Vacancy | −$3.6k | −$1.65 |
| EGI | $52.5k | $23.91 |
| − OpEx | −$15.7k | −$7.17 |
| NOI | $36.7k | $16.74 |
2,195 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$524.8K
$459.2K – $612.3K
NOI $36,736 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$482.2K
$421.9K – $562.6K
NOI $33,755 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$573.2K
$501.5K – $668.7K
NOI $40,121 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property in South River with potential.
Where is this duplex located?
The property is located at 2 Darrow Street South River, NJ.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑family home built in 1950 with 2 baths and a garage plus on‑street parking; Unit 1 includes living room, dining room, eat‑in kitchen, and 1 bath (can be configured as a master BR with sitting room per remarks); Unit 2 offers dining room, 2 bedrooms, eat‑in kitchen, and 1 bath
