Colonial Revival Residential Income
115-117 Harrell Avenue Woodbridge, NJ 07095
115-117 Harrell Avenue, Woodbridge, NJ, 07095
$729,000
For Sale
Under Contract
$729,000
MULTI_FAMILY - Woodbridge Proper, NJ
Property Size3,439 SF
Lot Size0.38 Acres
Price / SF$211.98
Days on Market40
Property Features for 115-117 Harrell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Dining Room, Bathroom 1
- Parking features
- Garage
- Patio and Porch features
- Porch, Deck
- Interior features
- Unit 1(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, Living Room, 1 1/2 Baths)
- Exterior features
- Porch(es) - Enclosed, Deck, Yard
- Appliances
- Water Heater(Gas), Water Heater
- Standard status
- Active Under Contract
- APN
- 25005690100115
- Size
- 3,439 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11870
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Radiant
- Cooling system
- Window Unit(s), Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1895
- Floors in Building
- 2
- Building materials
- Vertical Siding
- Roof type
- Asphalt
Listing Agency
J.J. ELEK REALTY CO.
(732) 634-9100
117 MAIN STREET, Woodbridge, NJ
Listed by
Felix Santana
(732) 596-2118
Added: Jun 8 Checked: Jul 17 at 5:06 am
MLS# 2617309R
Copyright © 2026 All Jersey MLS. 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.
Located at 115-117 Harrell Avenue in Woodbridge Proper, NJ (Middlesex County), this Colonial Revival residence presents a historic, character-rich exterior highlighted by a grand covered porch. Architectural features noted in the listing include original details, brick steps, decorative lighting, and multiple French door entrances.
The setting is complemented by mature trees and manicured shrubbery. Inside, buyers can expect craftsmanship and character associated with historic homes, with generous living spaces and abundant natural light, along with architectural details that are difficult to replicate in modern construction.
The property is presented as having the option to be preserved in its original form or thoughtfully updated, reflecting the opportunity to own a home with enduring curb appeal and architectural presence.
The setting is complemented by mature trees and manicured shrubbery. Inside, buyers can expect craftsmanship and character associated with historic homes, with generous living spaces and abundant natural light, along with architectural details that are difficult to replicate in modern construction.
The property is presented as having the option to be preserved in its original form or thoughtfully updated, reflecting the opportunity to own a home with enduring curb appeal and architectural presence.
Key Highlights
- Duplex layout with Unit 1 featuring 3 bedrooms, kitchen, dining room, living room, and 1 bath
- Unit 2 offers 3 bedrooms, kitchen, dining room, and living room with 1 1/2 baths
- Year built 1895 with vertical siding and an asphalt roof
Local Financial Insights For Apartment 5plus
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 | $103.2k | $30.00 |
| − Vacancy | −$7.0k | −$2.04 |
| EGI | $96.2k | $27.96 |
| − OpEx | −$43.3k | −$12.58 |
| NOI | $52.9k | $15.38 |
3,439 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$755.5K
$661.1K – $881.4K
NOI $52,885 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.0K
$785.7K – $1.05M
NOI $62,859 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Residential income property with a covered porch, brick steps, and multiple French door entrances.
Where is this residential income property located?
The property is located at 115-117 Harrell Avenue Woodbridge, NJ.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Duplex layout with Unit 1 featuring 3 bedrooms, kitchen, dining room, living room, and 1 bath; Unit 2 offers 3 bedrooms, kitchen, dining room, and living room with 1 1/2 baths; Year built 1895 with vertical siding and an asphalt roof
