Two-Family Duplex with Remodeled
For Sale
$555,000
104 Catalpa Ave, Perth Amboy, NJ 08861
Both apartments offer three bedrooms, and the building has separate gas and electric meters.
Property Size2,152 SF
Days on Market9
Property Features for 104 Catalpa Ave
General Information
Standard status
Active
Size
2,152 SF
Property subtype
Investment
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$9,064
Building Details
Building Size
2,152 SF
Year Built
1899
Buildings
1
Stories
2
Listed By:
JULIO C. VALDEZ
(732) 925-5215
Source:
Elliman
Added: Oct 24
Changed: Oct 31
Last Checked: Nov 1 at 7:51AM
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 JULIO C. VALDEZ
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family duplex contains two three-bedroom apartments. The first-floor unit has been remodeled, while both apartments are described as being in good condition. Separate gas and electric meters serve the units, and the building dates to 1899.
The property is two blocks from the waterfront in Perth Amboy. Shopping, restaurants, transportation, and major roadways are accessible nearby. Walk Score is 59, Bike Score is 48, and Transit Score is 36.
The property is two blocks from the waterfront in Perth Amboy. Shopping, restaurants, transportation, and major roadways are accessible nearby. Walk Score is 59, Bike Score is 48, and Transit Score is 36.
Key Highlights
- Two apartments, each with 3 bedrooms
- Remodeled first‑floor apartment
- Separate gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,016
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,320
$720.3K
Cap Rate 7%
$514,514
$514.5K
Cap Rate 9%
$400,178
$400.2K
Market Conditions
NOI Build-Up for 2,152 SF
Gross rent
$55.0K $25.56/SF
− Vacancy
−$3.6K −$1.65/SF
EGI
$51.5K $23.91/SF
− OpEx
−$15.4K −$7.17/SF
NOI
$36.0K $16.74/SF
Area
Middlesex 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%
$720,320
Cap Rate 7%
$514,514
Cap Rate 9%
$400,178
Alternative Uses
Best Use
Multifamily LT 5
$514.5K
$450.2K – $600.3K
NOI $36,016 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$472.8K
$413.7K – $551.6K
NOI $33,093 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$561.9K
$491.7K – $655.6K
NOI $39,335 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
Explore this area
Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments offer three bedrooms, and the building has separate gas and electric meters.
Where is this duplex located?
The property is located at 104 Catalpa Ave Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms; Remodeled first‑floor apartment; Separate gas and electric meters
