Duplex with Separate
For Sale
$399,900
1068 County Road 521, Newton, NJ 07860
MULTI_FAMILY - Stillwater Twp., NJ
Property Size1,828 SF
Lot Size0.30 Acres
Price / SF$218.76
Days on Market49
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
Bedroom 1, Bedroom 3, Bathroom 1, Basement, Bathroom 2, 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
(973) 539-6300
Added: Jun 17
Changed: Aug 1
Last Checked: Aug 4 at 2:06AM
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.
Investment Insights
Based on property information with market context.
1068 County Road 521, Stillwater Twp., NJ 07860-4312. This two-family duplex is set on a 0.3-acre lot with a total building area of 1,828 SF and was built in 1930. Each unit is served by its own private driveway, with separate boiler and separate oil tank to reduce shared-maintenance concerns. Heating is provided via baseboard, and cooling is listed as ductless. The property uses well water, and the roof is shingle.
A newer roof is noted, which can help minimize near-term expenses. Zoning is listed as C, and the home is described as having easy access to local amenities, shopping, dining, and major roadways.
The floorplan details provided include bedrooms and bathrooms across the basement level and units, supporting multi-family occupancy.
A newer roof is noted, which can help minimize near-term expenses. Zoning is listed as C, and the home is described as having easy access to local amenities, shopping, dining, and major roadways.
The floorplan details provided include bedrooms and bathrooms across the basement level and units, supporting multi-family occupancy.
Key Highlights
- Each unit has its own private driveway, with separate boiler and separate oil tank
- 0.3‑acre lot with 1,828 SF total building area
- Zoned C
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 | $46.7k | $25.56 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $43.7k | $23.91 |
| − OpEx | −$13.1k | −$7.17 |
| NOI | $30.6k | $16.74 |
1,828 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with separate driveways and separate heating for each unit, zoned C on 0.3 acres.
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: Each unit has its own private driveway, with separate boiler and separate oil tank; 0.3‑acre lot with 1,828 SF total building area; Zoned C
