Two-Unit Residential Income
44 N Whittier Street N Carteret, NJ 07008
44 N Whittier Street N, Carteret, NJ, 07008
$849,999
For Sale
Under Contract
$849,999
MULTI_FAMILY - Carteret, NJ
Property Size3,000 SF
Lot Size0.11 Acres
Price / SF$283.33
Days on Market50
Property Features for 44 N Whittier Street N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 1, Family Room, Bathroom 4, Bathroom 2, Den, Dining Room, Bathroom 3
- Parking features
- Garage
- Interior features
- Unit 1(Dining Room, 3 Bedrooms, Kitchen, Living Room, 2+ Baths, Den/Family Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, Living Room, 2+ Baths, Den/Family Room)
- Appliances
- Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
- Standard status
- Active Under Contract
- APN
- 010630600000000603
- Size
- 3,000 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12089
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2006
- Floors in Building
- 3
- Building materials
- Brick, Vinyl Siding
Listing agency
J.J. ELEK REALTY CO.
(732) 634-9100
Listed by
Sukhwinder Kaur
(732) 596-2118
Added: Jun 2 Updated: Jul 17 at 6:43PM Checked: Jul 21 at 9:06AM
MLS# 2616932R
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 turnkey two-family residence was built in 2006 and is configured as two spacious units, each offering three bedrooms and two full bathrooms. The property includes central air conditioning and forced hot air heating in both units. A two-car garage is located on the ground level, and laundry facilities are provided for tenant convenience.
The property is located at 44 N Whittier Street N in Carteret, New Jersey 07008, in Middlesex County. The listing size is approximately 3,000 square feet on a 0.1148-acre lot.
For investors seeking immediate occupancy, the property is described as having two long-term tenants already in place. With consistent unit layouts, in-unit comfort features, and on-site laundry support, the building offers a straightforward residential income setup for qualified buyers interested in a ready-to-rent two-family asset.
The property is located at 44 N Whittier Street N in Carteret, New Jersey 07008, in Middlesex County. The listing size is approximately 3,000 square feet on a 0.1148-acre lot.
For investors seeking immediate occupancy, the property is described as having two long-term tenants already in place. With consistent unit layouts, in-unit comfort features, and on-site laundry support, the building offers a straightforward residential income setup for qualified buyers interested in a ready-to-rent two-family asset.
Key Highlights
- Built in 2006, this 2‑family home includes two units with 3 bedrooms and 2+ full baths each
- Each unit features central air conditioning and forced air heating
- Unit interiors include dining room, living room, kitchen, and den/family room spaces
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 | $76.7k | $25.56 |
| − Vacancy | −$5.0k | −$1.65 |
| EGI | $71.7k | $23.91 |
| − OpEx | −$21.5k | −$7.17 |
| NOI | $50.2k | $16.74 |
3,000 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$717.3K
$627.6K – $836.8K
NOI $50,209 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$659.1K
$576.7K – $768.9K
NOI $46,134 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 6.45%
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 - Turnkey two-family home with two 3-bedroom, 2-bath units, each with central air and forced hot air heating.
Where is this duplex located?
The property is located at 44 N Whittier Street N Carteret, NJ.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Built in 2006, this 2‑family home includes two units with 3 bedrooms and 2+ full baths each; Each unit features central air conditioning and forced air heating; Unit interiors include dining room, living room, kitchen, and den/family room spaces
