Renovated Two-Family
21 Market Street Edison, NJ 08817
21 Market Street, Edison, NJ, 08817
$799,900
For Sale
$799,900
MULTI_FAMILY - Edison, NJ
Property Size3,250 SF
Lot Size0.13 Acres
Price / SF$246.12
Days on Market79
Property Features for 21 Market Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Basement, Bedroom 2, Bathroom 3
- Parking features
- Oversize
- Window features
- Insulated Windows, Low-e Window Coating
- Patio and Porch features
- Patio
- Interior features
- Attic, Attic - Pull Down Strs, Recessed Lighting
- Exterior features
- Thermal Window, Lighting
- Fencing
- Fenced
- Basement
- Full, Finished
- Standard status
- Active
- APN
- 05-00264-02-00013-01
- Size
- 3,250 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7796
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Porcelain, Laminate
- Building materials
- Stone
- Roof type
- Shingle
Listing agency
RE/MAX 1st. Advantage
(732) 382-0200
Listed by
Michele M Keleman · License #8544216
(732) 382-0200
Added: May 5 Updated: Jul 17 at 10:22AM Checked: Jul 22 at 5:06PM
MLS# 22613003
Copyright © 2026 More 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 renovated two-family residence has been gutted to the studs and rebuilt, with modern finishes throughout. The home includes two separate living quarters with a bright, open floor plan feel and recessed lighting in every room. Upgrades noted in the remarks include new kitchens with quartz countertops and stainless-steel appliances, custom designer wood cabinetry, newly renovated full baths, new windows, new siding, and updated flooring and interior walls/board-and-sheetrock. Exterior improvements include a new stone front, stone front sidewalk, and stone porches.
Located at 21 Market Street in Edison, New Jersey, the property sits on a 0.13-acre lot. The listing is presented as a two-family home designed to support either rental income generation or owner occupancy.
For tenants and owner-occupants, this configuration offers the flexibility to live in one unit while renting the other, with complete separation between the two quarters as described in the remarks. For buyers, the renovation scope and extensive upgrades can reduce near-term maintenance concerns compared with an unupdated property, while the two-unit layout supports either investment-only or live-in-and-rent usage.
Located at 21 Market Street in Edison, New Jersey, the property sits on a 0.13-acre lot. The listing is presented as a two-family home designed to support either rental income generation or owner occupancy.
For tenants and owner-occupants, this configuration offers the flexibility to live in one unit while renting the other, with complete separation between the two quarters as described in the remarks. For buyers, the renovation scope and extensive upgrades can reduce near-term maintenance concerns compared with an unupdated property, while the two-unit layout supports either investment-only or live-in-and-rent usage.
Key Highlights
- Gutted‑to‑the‑studs renovation completed with two separate living quarters and a total of 3,250 sq. ft.
- Two‑family layout offers flexibility to live in one unit and rent the other for potential rental income.
- New kitchens with quartz countertops, stainless steel appliances, and custom designer wood cabinets.
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 | $89.7k | $27.60 |
| − Vacancy | −$4.7k | −$1.44 |
| EGI | $85.0k | $26.16 |
| − OpEx | −$25.5k | −$7.85 |
| NOI | $59.5k | $18.32 |
3,250 SF · lease $27.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$850.4K
$744.1K – $992.1K
NOI $59,525 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$756.9K
$662.3K – $883.0K
NOI $52,982 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.05M
$921.7K – $1.23M
NOI $73,732 @ 7.0% cap · market cap 9.22%
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 - Renovated duplex offering two separate living quarters, ideal for owner-occupancy with rental support or two-income investing.
Where is this duplex located?
The property is located at 21 Market Street Edison, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Gutted‑to‑the‑studs renovation completed with two separate living quarters and a total of 3,250 sq. ft.; Two‑family layout offers flexibility to live in one unit and rent the other for potential rental income.; New kitchens with quartz countertops, stainless steel appliances, and custom designer wood cabinets.
