2-Unit Multifamily
10 Sussex St, Byram Twp, NJ 07874
For Sale
$624,900
A ranch-style home and a separate apartment offer distinct living spaces, with R4 zoning supporting the property’s multifamily status.
Property Size2,820 SF
Lot Size1.35 Acres
Price / SF$221.60
Days on Market99
Property Features for 10 Sussex St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Units
Listing Agency:
Addison Real Estate
(862) 251-4915
Listed By:
Daryna Bondar
Source:
Culturaunitedrealty
Added: Aug 3
Changed: Nov 7
Last Checked: Nov 8 at 12:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Addison Real Estate
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Investment Insights
Based on property information with market context.
Built in 1984, this multifamily property spans four lots totaling 1.352 acres. The 2,820-square-foot main residence has three bedrooms, two full bathrooms, a ranch layout and a finished basement. A detached one-bedroom, one-bath apartment provides a second living unit. The main home also includes a three-car garage, circular driveway and additional parking. Multiple outdoor living areas sit among mature landscaping. Cosmetic updates may be appropriate.
The apartment tenant has occupied the unit for more than 20 years and is willing to remain. The property is zoned R4.
The apartment tenant has occupied the unit for more than 20 years and is willing to remain. The property is zoned R4.
Key Highlights
- Four lots totaling 1.352 acres
- 2,820‑square‑foot main residence built in 1984
- Main home has 3 bedrooms, 2 full baths, ranch layout and finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,196
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,920
$943.9K
Cap Rate 7%
$674,229
$674.2K
Cap Rate 9%
$524,400
$524.4K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$72.1K $25.56/SF
− Vacancy
−$4.7K −$1.65/SF
EGI
$67.4K $23.91/SF
− OpEx
−$20.2K −$7.17/SF
NOI
$47.2K $16.74/SF
Area
Sussex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,920
Cap Rate 7%
$674,229
Cap Rate 9%
$524,400
Alternative Uses
Best Use
Multifamily LT 5
$674.2K
$590.0K – $786.6K
NOI $47,196 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$619.5K
$542.1K – $722.8K
NOI $43,366 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$736.4K
$644.3K – $859.1K
NOI $51,545 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 07874, NJ
8,639
Population
3,325
Households
2.6
Avg Household Size
43
Median Age
39%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
1,016
Density / Sq Mi
$125,517
Median Household Income
$59,407
Median Earnings
$1,735
Median Rent
$336,000
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Sussex County, NJ
Properties on Market for Multifamily properties in Sussex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A ranch-style home and a separate apartment offer distinct living spaces, with R4 zoning supporting the property’s multifamily status.
Where is this multifamily property located?
The property is located at 10 Sussex St Byram Twp, NJ.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Four lots totaling 1.352 acres; 2,820‑square‑foot main residence built in 1984; Main home has 3 bedrooms, 2 full baths, ranch layout and finished basement
