Renovated Two-Family Home in
21 Market Street, Edison, NJ 08817
MULTI_FAMILY - Edison, NJ
Property size:
3,250 SFLot size:
0.13 AcresPrice / SF:
$298/SF- Added:
- May 5, 2026
- Days on Market:
- 17
- Last Refresh:
- May 21 at 8:06 pm
Property Features for 21 Market Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Basement
- Parking features
- Oversize
- Window features
- Low-e Window Coating, Insulated Windows
- 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 agent Michele M Keleman License #8544216 (732) 382-0200
Listing office RE/MAX 1st. Advantage 170 Inman Ave., Colonia, NJ (732) 382-0200
Listing date May 5, 2026
MLS# 22613003
Listing URL
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.
HighLights
- Completely renovated 2‑family home, gutted to the studs and rebuilt.
- 3,250 sq. ft. of modern living space across two separate units.
- New kitchens with quartz countertops, stainless steel appliances, and custom cabinets.
- Three new luxurious full bathrooms.
- New windows, siding, stone front, and stone porches.
- Excellent investment opportunity for rental income or owner‑occupancy.
Overview
This renovated two-family home offers an investment or owner-occupied opportunity in Edison. The property features 3,250 square feet of living space across two separate living quarters. The home has been rebuilt and includes new kitchens with quartz countertops, stainless steel appliances, and custom wood cabinets. There are three full bathrooms, new windows, new siding, a new stone front, and blue stone sidewalks and porches. The property also features new flooring, walls, sheetrock, and fresh paint throughout. Recessed lighting is present in every room. The home has an open floor plan and natural lighting. The property is positioned to generate rental income or for owner occupancy with rental potential. The lot size is 0.13 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$661.4K
NOI $59,525 @ 9.00% cap · cautious / downside scenario
Moderate
$850.4K
NOI $59,525 @ 7.00% cap · market / base-case scenario
Aggressive
$1.19M
NOI $59,525 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
Best Use
Multifamily LT 5
$850.4K
$744.1K – $992.1K
NOI $59,525 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$756.9K
$662.3K – $883.0K
NOI $52,982 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$1.05M
$921.7K – $1.23M
NOI $73,732 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Edison
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.39513
- Latitude
- 40.501844
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Completely renovated two-family home in Edison, ideal for investment.
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 $969,900.
What are key features of this property?
This property features: Completely renovated 2‑family home, gutted to the studs and rebuilt.; 3,250 sq. ft. of modern living space across two separate units.; New kitchens with quartz countertops, stainless steel appliances, and custom cabinets.
