Updated Four-Unit Quadplex Near
For Sale
Under Contract
$999,999
120 S Broadway, South Amboy, NJ 08879
Residential Income, South Amboy, NJ
Property Size3,386 SF
Lot Size0.06 Acres
Price / SF$295.33
Days on Market146
Property Features for 120 S Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Buyer Should Verify
Rooms
Basement
Parking features
On Street
Interior features
Unit 1(3 Bedrooms, Kitchen, Living Room, 1 1/2 Baths), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(1 Bedroom, Kitchen, 1 Bath, Living Room, See Remarks), Unit 4(1 Bedroom, Kitchen, 1 Bath, Living Room)
Exterior features
Fencing/Wall, Yard
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Appliances
Water Heater(See Remarks), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator)
Lot features
Near Shopping, Near Train, Interior Lot, Near Public Transit
Elementary school district
South Amboy City School Distri
Middle school district
South Amboy City School Distri
High school district
South Amboy City School Distri
Directions
Main st. to N. Broadway which turns in S. Broadway.
Standard status
Active Under Contract
APN
2000044000000023
Size
3,386 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8432
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Baseboard
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Floors in Building
3
Flooring type
Carpet
Building materials
Wood Siding
Roof type
Flat, Asphalt
Additional Structures
See Remarks
Listing Agency:
HALO REALTY
(848) 433-1006
Listed By:
Klaudia Piotrowicz
(732) 997-9650
Added: May 27
Changed: Oct 8
Last Checked: Oct 19 at 4:06AM
MLS# 2616302R
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.
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Investment Insights
Based on property information with market context.
This 3,386-square-foot quadplex at 120 S Broadway contains four residential units, with three apartments recently updated. The property includes kitchens and living areas across the units, along with a fenced yard, wood siding, asphalt flat roofing, and a basement. Heating is provided through forced air, central, and baseboard systems, while cooling includes window units and ceiling fans. Public water and public sewer serve the property, and an accessible approach with ramp is in place.
The building sits across from the South Amboy train station and a bus stop, with the NYC ferry also located in town. Restaurants, shopping, schools, parks, and houses of worship are available along and near Broadway. On-street parking is provided, and the property occupies 0.0643 acres in Middlesex County.
The building sits across from the South Amboy train station and a bus stop, with the NYC ferry also located in town. Restaurants, shopping, schools, parks, and houses of worship are available along and near Broadway. On-street parking is provided, and the property occupies 0.0643 acres in Middlesex County.
Key Highlights
- Four‑unit quadplex measuring 3,386 square feet
- Three of four units recently updated
- Across from the South Amboy train station and bus stop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,669
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,380
$1.1M
Cap Rate 7%
$809,557
$809.6K
Cap Rate 9%
$629,656
$629.7K
Market Conditions
NOI Build-Up for 3,386 SF
Gross rent
$86.5K $25.56/SF
− Vacancy
−$5.6K −$1.65/SF
EGI
$81.0K $23.91/SF
− OpEx
−$24.3K −$7.17/SF
NOI
$56.7K $16.74/SF
Area
Middlesex 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%
$1,133,380
Cap Rate 7%
$809,557
Cap Rate 9%
$629,656
Alternative Uses
Best Use
Multifamily LT 5
$809.6K
$708.4K – $944.5K
NOI $56,669 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$743.9K
$650.9K – $867.8K
NOI $52,070 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$884.2K
$773.6K – $1.03M
NOI $61,891 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 08879, NJ
22,965
Population
9,737
Households
2.4
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
3,235
Density / Sq Mi
$98,000
Median Household Income
$57,998
Median Earnings
$1,633
Median Rent
$377,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with three recently updated apartments and immediate access to rail and bus transportation.
Where is this quadplex located?
The property is located at 120 S Broadway South Amboy, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four‑unit quadplex measuring 3,386 square feet; Three of four units recently updated; Across from the South Amboy train station and bus stop
