Mixed-Use Building in Opportunity
For Sale
$1,460,000
303 Maple Street #309, Perth Amboy, NJ 08861
Five-unit mixed-use building in downtown Perth Amboy, offering stable income.
Property Size7,072 SF
Price / SF$206.45
Days on Market523
Property Features for 303 Maple Street #309
General Information
Standard status
Active
Size
7,072 SF
Taxes and HOA fees
Annual Taxes
$28,152
Building Details
Year Built
1924
Listing Agency:
TVERDOV HOUSING
Source:
Corcoran
Added: May 16, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 TVERDOV HOUSING
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Investment Insights
Based on property information with market context.
Located in downtown Perth Amboy and situated in an Opportunity Zone, 303-309 Maple St is a 5-unit mixed-use building. The property features three commercial units with long-term leases, and two oversized 2-bedroom apartments. The building is close to shops, restaurants, the train station, and waterfront attractions. It is also near public transportation, major highways, and the business district. The property is well-maintained and has modern amenities. The building size is 7072 square feet. The annual rent is $136,260, with water, insurance, and maintenance costs totaling $15,000, resulting in a Net Operating Income (NOI) of $95,440, and a 6.54% cap rate. This property combines commercial tenants with residential units.
Key Highlights
- High Net Operating Income (NOI) of $95,440 and a 6.54% Cap Rate.
- Prime downtown Perth Amboy location near shops, restaurants, train, and waterfront.
- Situated in an Opportunity Zone, offering significant tax benefits.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,753
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,175,060
$2.2M
Cap Rate 7%
$1,553,614
$1.6M
Cap Rate 9%
$1,208,367
$1.2M
Market Conditions
NOI Build-Up for 7,072 SF
Gross rent
$212.2K $30.00/SF
− Vacancy
−$14.4K −$2.04/SF
EGI
$197.7K $27.96/SF
− OpEx
−$89.0K −$12.58/SF
NOI
$108.8K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,175,060
Cap Rate 7%
$1,553,614
Cap Rate 9%
$1,208,367
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,753 @ 7.0% cap · market cap 7.45%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,941 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,265 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-unit mixed-use building in downtown Perth Amboy, offering stable income.
Where is this mixed-use property located?
The property is located at 303 Maple Street #309 Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of $95,440 and a 6.54% Cap Rate.; Prime downtown Perth Amboy location near shops, restaurants, train, and waterfront.; Situated in an Opportunity Zone, offering significant tax benefits.
