Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multi-Family Home in Carteret Boro Title is generated by Realmo AI

    45 Leick Ave, Carteret, NJ 07008

    View on Map
    Claim this Listing
    Pending
    $549,000

    Multi-Family, 2-Two Story - Carteret Boro, NJ

    Lot size:
    0.13 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    99
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 45 Leick Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room
    Parking
    2
    Patio and Porch features
    Deck
    Exterior features
    Deck, Poolabov, Fencvnyl
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7463

    Building Details

    Year built
    1918
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    JOSELYN J. SILVA

    Listing agent JOSELYN J. SILVA

    Listing office PREMIER HOMES 325 E. WESTFIELD AVE., Roselle Park, NJ

    Listing date Feb 11, 2026

    MLS# 4009343 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multi‑family home ideal for owner‑occupants or investors.
    • Desirable Carteret location, approximately 20‑25 minutes to NYC.
    • Spacious backyard with deck and above‑ground pool, perfect for entertaining.
    • Finished basement with walk‑out access and finished attic provide additional living space.
    • Fenced corner lot with generous outdoor space.
    • Roof and siding replaced in 2015.

    Overview

    This well-maintained multi-family home is located in a desirable area of Carteret Boro, New Jersey. Situated on a fenced corner lot, the property offers generous outdoor space. The location provides convenient access to New York City, approximately 20 to 25 minutes away. Unit 1 features 1 bedroom, 1 bath, living and dining areas, and backyard access. Unit 2 includes 2 bedrooms, 1 bath, living and dining areas, a porch, and backyard access. Additional finished areas are available in the finished basement with walk-out access and the finished attic. The spacious backyard includes a deck and above-ground pool, suitable for entertaining. The property is located on a 0.13-acre lot. The roof and siding are scheduled to be replaced in 2025. This property presents an opportunity for both owner-occupants and investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carteret
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2216821
    Latitude
    40.5831226

    Nearby Similar for Sale

    • $3,000
      13,596 SF

      High-Traffic Storefront in Carteret, NJ

      Prime 1,000 sq ft storefront ideal for restaurant or retail.
      1506 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $615,000
      1,540 SF

      Two-Family Investment Property in Carteret

      Two-unit property with separate utilities and development potential.
      72 Pulaski Avenue, Carteret, NJ 07008
      View Details
    • $700,000
      2,500 SF

      Renovated Two-Family Home in Carteret

      Spacious two-family home with recent renovations and finished basement.
      41 Elmwood Avenue, Carteret, NJ 07008
      View Details
    • $1,000
      13,596 SF

      Functional Office Suite in Carteret

      Turnkey 500 sq ft office suite for various professional uses.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $1,000
      13,596 SF

      Efficient Office Suite in Carteret

      Private 500 sq ft office suite for sale.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $1,000
      13,596 SF

      Private Office Suite in Carteret

      Efficient 500 sq ft office suite for professionals.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $5,000
      13,596 SF

      Versatile Commercial Suite in Carteret

      Adaptable commercial suite suitable for various professional uses.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $870,000
      2,688 SF

      Carteret Multifamily Investment Opportunity

      Four-family home with income potential in Carteret, New Jersey.
      82 Pulaski Avenue, Carteret, NJ 07008
      View Details
    • $750,000
      1,736 SF

      Two-Family Home, Carteret, NJ

      Well-maintained two-family home with rental income potential.
      31 Edwin Street, Carteret, NJ 07008
      View Details
    • $1,500
      13,596 SF

      Professional Office Suite For Sale

      1,000 sq ft office suite ideal for businesses.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $7,500
      13,596 SF

      Retail Space in Carteret, NJ

      3,000 sqft retail space in high-traffic area.
      1520 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $579,900
      1,886 SF

      Two-Family Home with Detached Garage

      Two-family home in Carteret, NJ, with detached two-car garage.
      128 Pershing Avenue, Carteret, NJ 07008
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained multi-family home with outdoor space, close to NYC.
    Where is this duplex located?
    The property is located at 45 Leick Ave Carteret, NJ.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Multi‑family home ideal for owner‑occupants or investors.; Desirable Carteret location, approximately 20‑25 minutes to NYC.; Spacious backyard with deck and above‑ground pool, perfect for entertaining.
    (908) 296-8090
    We can help!
    Listing Contact
    JOSELYN J. SILVA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    45 Leick Ave, Carteret Boro, NJ 07008-2837
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!