Mixed-Use Quadplex on Main
75-77 Main St Sussex, NJ 07461
75-77 Main St, Sussex, NJ, 07461
$610,000
For Sale
$610,000
MULTI_FAMILY - Sussex Boro, NJ
Property Size2,900 SF
Lot Size0.05 Acres
Price / SF$210.34
Days on Market73
Property Features for 75-77 Main St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C-1
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Basement, Bathroom 2, Bedroom 2, Bathroom 1
- Parking
- 3
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7598
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
FAIRCLOUGH REALTORS
(973) 726-7800
Listed by
MARC WEITZ · License #296166
(973) 726-7800
Added: May 12 Updated: Jul 9 at 2:49AM Checked: Jul 23 at 1:06AM
MLS# 4026945
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.
Investment Insights
Based on property information with market context.
This mixed-use quadplex includes four rented units configured as two One-Bedroom apartments and two retail spaces. The residential units are described as recently renovated, and the basement is separately rented for storage.
The property is located on the main thoroughfare in Sussex Boro and is zoned C-1. A lease is in place for one retail tenant with a lease end date noted as 2030. The listing also notes a brand-new roof for 2026, public water and sewer, and landlord-paid water/sewer and gas.
Operationally, apartments pay for their own heat (gas), while commercial heat (gas) is paid by the landlord. The property also has room to park two to three cars in the back and is presented as a turnkey, easy-to-maintain investment.
The property is located on the main thoroughfare in Sussex Boro and is zoned C-1. A lease is in place for one retail tenant with a lease end date noted as 2030. The listing also notes a brand-new roof for 2026, public water and sewer, and landlord-paid water/sewer and gas.
Operationally, apartments pay for their own heat (gas), while commercial heat (gas) is paid by the landlord. The property also has room to park two to three cars in the back and is presented as a turnkey, easy-to-maintain investment.
Key Highlights
- 4‑unit mixed‑use property (2 one‑bedroom apartments and 2 retail spaces) on the main thoroughfare of Sussex Boro
- Two 1BR apartments recently renovated
- Retail spaces are leased to 1 retail tenant with lease ending in 2030
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 | $74.1k | $25.56 |
| − Vacancy | −$4.8k | −$1.65 |
| EGI | $69.3k | $23.91 |
| − OpEx | −$20.8k | −$7.17 |
| NOI | $48.5k | $16.74 |
2,900 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$693.4K
$606.7K – $808.9K
NOI $48,535 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$637.1K
$557.5K – $743.3K
NOI $44,596 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$757.2K
$662.6K – $883.5K
NOI $53,007 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four-unit mixed-use property with two apartments and two leased retail spaces on the main thoroughfare.
Where is this quadplex located?
The property is located at 75-77 Main St Sussex, NJ.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 4‑unit mixed‑use property (2 one‑bedroom apartments and 2 retail spaces) on the main thoroughfare of Sussex Boro; Two 1BR apartments recently renovated; Retail spaces are leased to 1 retail tenant with lease ending in 2030
