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Two-Family Residential Income Property
For Sale
$899,999
Pending

109 Centennial Ave, Cranford, NJ 07016

Two-unit home with separate utilities, central air, and forced-hot-air heating, plus a fenced private yard and off-street parking.

Property SizeContact for details
Lot Size0.22 Acres
Days on Market85

Property Features for 109 Centennial Ave

General Information

Standard status Pending
Total Parking Spaces 6
Lot size 0.22 Acres
Property subtype Multi Family

Additional Details

Fenced Yard Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $19,932

Amenities

hardwood floors
central air conditioning
forced hot air heating
fenced backyard
patio
attached 2-car garage

Building Details

Year Built 1973
Stories 2
Units 2
Tenancy Multi
Listed By: JASON DEMERA
Source: Elliman
Added: Jun 16 Changed: Sep 4 Last Checked: Sep 7 at 9:56AM

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 JASON DEMERA

Investment Insights

Based on property information with market context.

This two-family residential income property was built in 1973 and offers two distinct units spread across two stories, for a total of 6 bedrooms and 2 bathrooms. Interior features include hardwood floors on the first floor and smart floor covering choices on the second floor, along with sunlit living spaces. The home also includes a full, partially finished walk-out basement. Mechanicals are fully separate for each unit, with two central air units and two natural gas forced-air furnaces.

Outside, the property sits on a level lot with a fully fenced private backyard, patio, and attached 2-car garage. Off-street parking is provided by a deep asphalt driveway with exclusive parking for up to 6 cars. Access is convenient to downtown Cranford, shopping plazas, and the NJ Transit train station, described as about a 9-minute walk (0.5 miles).

Key Highlights

  • Built in 1973, two‑family home with 2 units across 2 stories and a total of 6 bedrooms and 2 bathrooms
  • Fully separate utilities with 2 central air units and 2 natural gas forced‑air furnaces
  • 9,583 sq. ft. level lot with fully fenced private backyard plus patio

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Locksmith Catering Service Veterinary Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

1,746
Businesses Nearby

Demographics for 07016, NJ

23,827
Population
9,619
Households
2.5
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
4.7 sq mi
ZIP Area
5,070
Density / Sq Mi
$148,629
Median Household Income
$84,980
Median Earnings
$2,116
Median Rent
$635,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit home with separate utilities, central air, and forced-hot-air heating, plus a fenced private yard and off-street parking.
Where is this duplex located?
The property is located at 109 Centennial Ave Cranford, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Built in 1973, two‑family home with 2 units across 2 stories and a total of 6 bedrooms and 2 bathrooms; Fully separate utilities with 2 central air units and 2 natural gas forced‑air furnaces; 9,583 sq. ft. level lot with fully fenced private backyard plus patio
More about this property
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