Duplex with Separate
For Sale
$399,900
1068 County Road 521, Newton, NJ 07860
Multi-Family, 2-Two Story, Stillwater Twp., NJ
Property Size1,828 SF
Lot Size0.30 Acres
Price / SF$218.76
Days on Market141
Property Features for 1068 County Road 521
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking
5
Lot features
Backs to Park Land
Directions
Newton/Swartswood to CR-521
Standard status
Active
Size
1,828 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5901
Utilities
Heating system
Baseboard
Cooling system
Ductless
Water source
Well
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX SELECT · RE/MAX International
(973) 625-0450
Listed By:
KYLE R. KERWIN · License #408011
(973) 539-6300
Added: Jun 17
Changed: Oct 23
Last Checked: Nov 4 at 9:06AM
MLS# 4035240
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.
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Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,828 square feet on a 0.30-acre lot. Built in 1930, the building includes a basement, three bedrooms, and two bathrooms. Each unit has its own private driveway, separate boiler, and separate oil tank, supporting independent utility arrangements. Heating is provided by baseboard systems, with ductless cooling, a shingle roof, and well water. The property is zoned C.
Located at 1068 County Road 521 in Stillwater Twp., New Jersey, the property is positioned near local amenities, shopping, dining, and major roadways. Its two-unit configuration suits a residential income property or an owner-occupant seeking rental income, as described in the listing information.
Located at 1068 County Road 521 in Stillwater Twp., New Jersey, the property is positioned near local amenities, shopping, dining, and major roadways. Its two-unit configuration suits a residential income property or an owner-occupant seeking rental income, as described in the listing information.
Key Highlights
- Two‑unit duplex with 1,828 square feet of building area
- 0.30‑acre lot in Stillwater Twp., NJ
- Private driveway assigned to each unit
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 a private driveway, dedicated boiler, and individual 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‑unit duplex with 1,828 square feet of building area; 0.30‑acre lot in Stillwater Twp., NJ; Private driveway assigned to each unit
