Multifamily Property in Bound
3 E High Street E Bound Brook, NJ 08805
3 E High Street E, Bound Brook, NJ, 08805
$497,000
For Sale
Under Contract
$497,000
MULTI_FAMILY - Bound Brook, NJ
Property Size1,674 SF
Lot Size0.16 Acres
Price / SF$296.89
Days on Market88
Property Features for 3 E High Street E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Unit 1(1 Bedroom, Kitchen, Living Room), Unit 2(1 Bedroom, Kitchen, Living Room)
- Exterior features
- Porch
- Appliances
- Water Heater(Gas), Water Heater
- Standard status
- Active Under Contract
- APN
- 0400049000000009
- Size
- 1,674 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8944
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Other (Heating), Forced Air
- Cooling system
- Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1857
- Floors in Building
- 2
- Building materials
- Vinyl Siding
Listing agency
MASTER KEY REALTORS
(732) 629-7111
Listed by
Bruce Mcdonald
(732) 629-7111
Added: Apr 27 Updated: Jul 14 at 6:42PM Checked: Jul 23 at 3:06AM
MLS# 2614716R
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 well-maintained multifamily property offers an opportunity to diversify an investment portfolio. Both apartments are tenant-occupied, providing stable rental income. The first-level unit includes access to the backyard and patio, with basement access for storage. The second floor apartment features stair access to an attic, suitable for extra storage and a bonus room. The property's location offers proximity to downtown Bound Brook, the train station, restaurants, and Routes 22 and 287. The garage is rented for $350 per month. The property, with a size of 1674 square feet and a lot size of 0.1601 acres, is being sold as is. Showings start 5/7/2026.
Key Highlights
- Well‑maintained 2‑unit multifamily with both apartments tenant‑occupied
- Each unit includes a kitchen and living room; layout also features 2 bathrooms and a basement
- Porch on the exterior and backyard/patio access from the first level 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 | $36.2k | $21.60 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $34.1k | $20.39 |
| − OpEx | −$10.2k | −$6.12 |
| NOI | $23.9k | $14.27 |
1,674 SF · lease $21.60/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$297.0K
$259.9K – $346.6K
NOI $20,793 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$437.1K
$382.5K – $510.0K
NOI $30,598 @ 7.0% cap · market cap 6.16%
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 - Well-maintained multifamily property with stable rental income in Bound Brook.
Where is this duplex located?
The property is located at 3 E High Street E Bound Brook, NJ.
What is the asking price?
The asking price for this property is $497,000.
What are key features of this property?
This property features: Well‑maintained 2‑unit multifamily with both apartments tenant‑occupied; Each unit includes a kitchen and living room; layout also features 2 bathrooms and a basement; Porch on the exterior and backyard/patio access from the first level unit
