Duplex with Separate
For Sale
$399,900
1068 County Road 521, Newton, NJ 07860
Each residence has its own driveway, boiler, and oil tank.
Property Size1,828 SF
Price / SF$218.76
Days on Market141
Property Features for 1068 County Road 521
General Information
Standard status
Active
Size
1,828 SF
Total Parking Spaces
5
Property subtype
Multi Family Home
Zoning
C
Net Operating Income
$999
Additional Details
Multifamily Units
2
Amenities
private driveway
Building Details
Building Size
1,828 SF
Year Built
1930
Units
2
Listing Agency:
Re/Max Select
(973) 625-0450
Listed By:
Kyle R. Kerwin · License #408011
(973) 200-4800
Source:
Arcadiarealtors
Added: Jun 17
Changed: Nov 2
Last Checked: Nov 4 at 9:47AM
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 Re/Max Select
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Investment Insights
Based on property information with market context.
This 1,828-square-foot duplex contains two residential units, each with a separate driveway, boiler, and oil tank. The building dates to 1930 and has a newer roof. Its configuration provides distinct access and heating equipment for the two units.
The property is in Stillwater Township, New Jersey, and is zoned C.
The property is in Stillwater Township, New Jersey, and is zoned C.
Key Highlights
- Two residential units in a 1,828‑square‑foot duplex
- Separate driveway, boiler, and oil tank for each unit
- Newer roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,594
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,880
$611.9K
Cap Rate 7%
$437,057
$437.1K
Cap Rate 9%
$339,933
$339.9K
Market Conditions
NOI Build-Up for 1,828 SF
Gross rent
$46.7K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$43.7K $23.91/SF
− OpEx
−$13.1K −$7.17/SF
NOI
$30.6K $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%
$611,880
Cap Rate 7%
$437,057
Cap Rate 9%
$339,933
Alternative Uses
Best Use
Multifamily LT 5
$437.1K
$382.4K – $509.9K
NOI $30,594 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.5K
NOI $28,111 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$477.3K
$417.7K – $556.9K
NOI $33,413 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
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Business Placement
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own driveway, boiler, and oil tank.
Where is this duplex located?
The property is located at 1068 County Road 521 Newton, NJ.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two residential units in a 1,828‑square‑foot duplex; Separate driveway, boiler, and oil tank for each unit; Newer roof
