Two-Family Residential
68 Catalpa Avenue, Perth Amboy, NJ 08861
New
MULTI_FAMILY - Perth Amboy, NJ
Property size:
2,559 SFLot size:
0.08 AcresPrice / SF:
$240/SF- Added:
- Jun 1, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 4 at 7:06 pm
Property Features for 68 Catalpa Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Dining Room, Bathroom 1
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Unit 1(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room)
- Exterior features
- Porch(es) - Open, Yard
- Appliances
- Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
- Standard status
- Active
- APN
- 1600005000000027
- Size
- 2,559 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8828
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 2
- Building materials
- Vinyl Siding, Synthetic Stucco
Listing agent Enrique Hernandez (732) 442-1400
Listing office PETRA BEST REALTY LLC 329 SMITH ST, Perth Amboy, NJ (732) 442-1400
Listing date Jun 1, 2026
MLS# 2616749R
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
- Two‑family home built in 1919 with Unit 1 and Unit 2, each featuring 2 bedrooms, a kitchen, a living room, and 1 bath
- Sold strictly as‑is; property requires additional work per the seller’s remarks
- Garage parking plus open porch and yard
- Exterior materials include vinyl siding and synthetic stucco
- Utilities: public water and public sewer
- Seller remarks note an abandoned in‑ground oil tank on the property (buyers should do their own due diligence)
Overview
This two-family home presents a value-driven opportunity with several recent updates already completed. The property still requires additional work, making it well suited for investors looking to renovate, contractors building their next project, or buyers who want to tailor improvements to their preferences. The sale is strictly as-is.
The home is located about a block from the Perth Amboy waterfront and offers convenient access to shopping, dining, public transportation, and major roadways. Buyers should plan to conduct their own due diligence, as an abandoned in-ground oil tank has been reported on-site. All interested parties are encouraged to verify condition and address any site-specific concerns during their review.
With its duplex format and update potential, the property may appeal to those seeking a residential income asset that can be improved over time. The as-is sale structure also makes it a practical fit for buyers comfortable with renovation scope and timeline, particularly where cost control and value-add strategy are priorities.
The home is located about a block from the Perth Amboy waterfront and offers convenient access to shopping, dining, public transportation, and major roadways. Buyers should plan to conduct their own due diligence, as an abandoned in-ground oil tank has been reported on-site. All interested parties are encouraged to verify condition and address any site-specific concerns during their review.
With its duplex format and update potential, the property may appeal to those seeking a residential income asset that can be improved over time. The as-is sale structure also makes it a practical fit for buyers comfortable with renovation scope and timeline, particularly where cost control and value-add strategy are priorities.
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 | $65.4k | $25.56 |
| − Vacancy | −$4.2k | −$1.65 |
| EGI | $61.2k | $23.91 |
| − OpEx | −$18.4k | −$7.17 |
| NOI | $42.8k | $16.74 |
2,559 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$611.8K
$535.4K – $713.8K
NOI $42,828 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$562.2K
$491.9K – $655.9K
NOI $39,352 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$668.2K
$584.7K – $779.6K
NOI $46,774 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Perth Amboy
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2716551
- Latitude
- 40.5011836
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family home with recent updates and upside, sold strictly as-is for investor and contractor opportunities.
Where is this duplex located?
The property is located at 68 Catalpa Avenue Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑family home built in 1919 with Unit 1 and Unit 2, each featuring 2 bedrooms, a kitchen, a living room, and 1 bath; Sold strictly as‑is; property requires additional work per the seller’s remarks; Garage parking plus open porch and yard
