Four-Family Investment Property Near
120 S Broadway, South Amboy, NJ 08879
New
MULTI_FAMILY - South Amboy, NJ
Property size:
3,386 SFLot size:
0.06 AcresPrice / SF:
$295/SF- Added:
- May 27, 2026
- Days on Market:
- 4
- Last Refresh:
- May 30 at 2:06 pm
Property Features for 120 S Broadway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- 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)
- Standard status
- Active
- 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
- Baseboard, Forced Air, Central
- Cooling system
- Window Unit(s), Ceiling Fan(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 agent Klaudia Piotrowicz License #1648941 (732) 910-4707
Listing office HALO REALTY 165 NORTH BROADWAY, Bayville, NJ (848) 433-1006
Listing date May 27, 2026
MLS# 2616302R
Listing URL
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.
HighLights
- Unbeatable location directly across from the train station and bus stop, ideal for commuters.
- Four units: two 3‑bedroom, one 1‑bedroom, and one studio apartment, offering diverse rental opportunities.
- Three of the four units have been recently updated.
- Proximity to NYC ferry, restaurants, shopping, schools, and parks.
- Strong rental potential in a highly desirable location.
- Readily available on‑street parking at no cost.
Overview
This four-family investment property is located in the heart of South Amboy, directly across from the train station and bus stop. The NYC ferry is also located in town. Situated on one of the town's central streets, residents are just minutes from local restaurants, shopping, schools, parks, and houses of worship, on Broadway. The property consists of four units, including two 3-bedroom apartments, one 1-bedroom unit, and one studio apartment. Three of the four units have been recently updated. The property is suitable for both investors and owner-occupants seeking rental potential in a desirable location. On-street parking is accessible and free of charge. The lot size is 0.0643 acres and the property size is 3386 square feet.
Local 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 | $86.5k | $25.56 |
| − Vacancy | −$5.6k | −$1.65 |
| EGI | $81.0k | $23.91 |
| − OpEx | −$24.3k | −$7.17 |
| NOI | $56.7k | $16.74 |
3,386 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- South Amboy
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2796043
- Latitude
- 40.4822962
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four updated units near train, bus, and ferry to NYC.
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: Unbeatable location directly across from the train station and bus stop, ideal for commuters.; Four units: two 3‑bedroom, one 1‑bedroom, and one studio apartment, offering diverse rental opportunities.; Three of the four units have been recently updated.
