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    Perth Amboy Multifamily Opportunity Title is generated by Realmo AI

    611 Pacific Avenue, Perth Amboy, NJ 08861

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    Claim this Listing
    For Sale
    Under Contract
    $649,000

    MULTI_FAMILY - Perth Amboy, NJ

    Property size:
    2,020 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $321/SF
    Added:
    May 22, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 7 at 2:06 pm

    Property Features for 611 Pacific Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-50
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2
    Parking features
    Garage
    Patio and Porch features
    Deck, Porch
    Interior features
    Unit 1(3 Bedrooms), Unit 2(2 Bedrooms)
    Exterior features
    Barbecue, Porch(es) - Enclosed, Deck, Porch
    Appliances
    Water Heater(Gas), Water Heater
    Standard status
    Active Under Contract
    APN
    1600282000000043
    Size
    2,020 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8316

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Baseboard
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1947
    Floors in Building
    2
    Building materials
    Vinyl Siding

    We can help!

    Contact an agent
    Anthony Genovese

    Listing agent Anthony Genovese

    Listing office VRI HOMES 16 PEARL STREET, Hazlet, NJ

    Listing date May 22, 2026

    MLS# 2616207R 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.

    HighLights

    • Legal 2‑family property in Perth Amboy with a 3‑bedroom/1‑bath 1st‑floor unit and a 2‑bedroom/1‑bath 2nd‑floor unit
    • Full unfinished basement for added storage or future potential
    • Detached 2‑car garage plus driveway parking
    • Larger yard than many nearby multifamily properties
    • Enclosed porch(es) and an outdoor deck
    • Built in 1947; vinyl siding; gas water heater; radiant and baseboard heating; ceiling fan cooling

    Overview

    This legal two-family property in Perth Amboy, New Jersey, presents an opportunity with potential for increased value. The property features a 3-bedroom, 1-bath unit on the first floor and a 2-bedroom, 1-bath unit on the second floor. It also includes a full unfinished basement, driveway parking, and a detached 2-car garage. The lot size is 0.1501 acres, providing a larger yard compared to many nearby multifamily properties. The property, with a total size of 2020 square feet, is zoned R-50. It is suitable for an owner occupant, investor, or a buyer interested in renovation and long-term value creation. The property is sold as-is, and the buyer is responsible for due diligence and municipal requirements.

    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 $51.6k $25.56
    − Vacancy −$3.3k −$1.65
    EGI $48.3k $23.91
    − OpEx −$14.5k −$7.17
    NOI $33.8k $16.74
    2,020 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $483.0K
    $422.6K – $563.5K (±1% cap)
    NOI $33,807 @ 7.0% cap · market cap 5.21%
    Second Best
    Apartment 5plus
    $443.8K
    $388.3K – $517.7K (±1% cap)
    NOI $31,064 @ 7.0% cap · market cap 4.79%
    Theoretical Best
    Office A
    $527.5K
    $461.5K – $615.4K (±1% cap)
    NOI $36,922 @ 7.0% cap · market cap 5.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith Cafe & Coffee Shop Catering Service Acupuncture Travel Agency Tattoo & Piercing Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2795008
    Latitude
    40.5221828

    FAQs

    What type of property is this?
    Duplex - Two-family property with upside potential in Perth Amboy, New Jersey.
    Where is this duplex located?
    The property is located at 611 Pacific Avenue Perth Amboy, NJ.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Legal 2‑family property in Perth Amboy with a 3‑bedroom/1‑bath 1st‑floor unit and a 2‑bedroom/1‑bath 2nd‑floor unit; Full unfinished basement for added storage or future potential; Detached 2‑car garage plus driveway parking
    More about this property
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