Building Details

Architectural style Contemporary

Listing Agency: MICHAEL CERVELLI REAL ESTATE LLC m***@realestatenj.com Show Phone

Listed By: CHRISTOPHER CERVELLI · License #9807944 Show Phone

Added: Jun 18 Changed: Aug 1 Last Checked: Aug 13 at 9:06AM

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MLS# 260011888

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Investment Insights

Based on property information with market context.

This well-maintained two-family duplex is set on a 5,624 SF lot and offers a practical layout for both investors and owner-occupants. Each apartment features 2 bedrooms and 1 full bathroom. Interior finishes include hardwood floors throughout, and the first-floor unit includes a welcoming front porch.

The property also includes an oversized garage and a high and dry basement that provides ample storage potential. Electrical service has been upgraded, and the home has a newer central heating and air conditioning system for dependable year-round comfort.

Constructed in a contemporary style, the residence is presented as a functional, straightforward duplex setup with clear unit-by-unit living space and core mechanical upgrades.

Key Highlights

• Two 2‑bedroom apartments, each with 1 full bathroom
• 5,624 SF lot
• Hardwood floors throughout

Property Analytics

Property Profile

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Building Supply Real Estate Agency Bakery Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

Explore this area Business Placement

Demographics for 07005, NJ

15,985

Population

6,115

Households

2.6

Avg Household Size

43

Median Age

56%

College-Educated

96%

High-School Grad

18.3 sq mi

ZIP Area

873

Density / Sq Mi

$126,411

Median Household Income

$66,198

Median Earnings

$1,779

Median Rent

$565,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Well-maintained duplex with two 2-bedroom apartments, hardwood floors, an oversized garage, and newer central heating and air.

Where is this duplex located?

The property is located at 316 DIVISION ST Boonton Township, NJ.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Two 2‑bedroom apartments, each with 1 full bathroom; 5,624 SF lot; Hardwood floors throughout