Duplex with Three-Car Attached
55 Smith Street Perth Amboy, NJ 08861
55 Smith Street, Perth Amboy, NJ, 08861
$699,999
For Sale
$699,999
MULTI_FAMILY - Perth Amboy, NJ
Property Size2,302 SF
Lot Size0.04 Acres
Price / SF$304.08
Days on Market81
Property Features for 55 Smith Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-MM
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Basement, Den, Dining Room, Bathroom 2, Bathroom 3
- Parking features
- Garage
- Patio and Porch features
- Porch, Patio
- Interior features
- Unit 1(Dining Room, 2 Bedrooms, Kitchen, Laundry Hookup, Living Room, 2+ Baths), Unit 2(Dining Room, 2 Bedrooms, Kitchen, Laundry Hookup, Living Room, 2+ Baths, Den/Family Room)
- Exterior features
- Patio, Porch(es) - Open
- Appliances
- Water Heater(See Remarks), Water Heater
- Standard status
- Active
- APN
- 1600055000000014
- Size
- 2,302 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10274
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 3
- Building materials
- Stucco
Listing Agency
RE/MAX COMPETITIVE EDGE
(732) 548-5555
251 MAIN STREET, Warren, NJ
Listed by
Nadeem Qavi · License #1109799
(908) 791-1010
Added: Apr 28 Checked: Jul 17 at 9:06 am
MLS# 2614758R
Listing URL
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 two-family duplex features three-car attached garages and two separate apartments with in-unit laundry hookups and central air. Apartment 1 includes a living room, dining room, two bedrooms, two baths, and a balcony. Apartment 2 includes a living room, dining room, two bedrooms with balconies, a bonus room that could serve as a third bedroom, and 2.5 baths, along with a large terrace for entertaining. The basement has two additional rooms, and the property provides separate gas and electric meters for each unit.
Located in R-MM zoning, the home is described as being near the Perth Amboy waterfront. Public remarks also note a bus stop across the street and a train station about a 10-minute walk away with direct trains to NYC. Maintenance is described as management taking care of snow removal and landscaping. The listing states the property may support potential rental income of over $72,000 per year.
Located in R-MM zoning, the home is described as being near the Perth Amboy waterfront. Public remarks also note a bus stop across the street and a train station about a 10-minute walk away with direct trains to NYC. Maintenance is described as management taking care of snow removal and landscaping. The listing states the property may support potential rental income of over $72,000 per year.
Key Highlights
- Two‑family home built in 1980 with forced‑air heating and central air in both apartments
- Both units offer 2 bedrooms, dining room, living room, kitchens, and laundry hookups
- Apartment 1 features 2 baths and a balcony
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 | $58.8k | $25.56 |
| − Vacancy | −$3.8k | −$1.65 |
| EGI | $55.0k | $23.91 |
| − OpEx | −$16.5k | −$7.17 |
| NOI | $38.5k | $16.74 |
2,302 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.4K
$481.6K – $642.1K
NOI $38,527 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$505.7K
$442.5K – $590.0K
NOI $35,400 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$601.1K
$526.0K – $701.3K
NOI $42,077 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-apartment duplex with central air, laundry hookups, and separate gas and electric meters.
Where is this duplex located?
The property is located at 55 Smith Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Two‑family home built in 1980 with forced‑air heating and central air in both apartments; Both units offer 2 bedrooms, dining room, living room, kitchens, and laundry hookups; Apartment 1 features 2 baths and a balcony
