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Four-Family Residential Income Property

120 S Broadway South Amboy, NJ 08879

120 S Broadway, South Amboy, NJ, 08879
$999,999
For Sale
Claim this Listing
$999,999

MULTI_FAMILY - South Amboy, NJ

Property Size3,386 SF
Lot Size0.06 Acres
Price / SF$295.33
AddedMay 27
Days on Market49
Last RefreshJul 14 at 6:06 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
Central, Forced Air, Baseboard
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

Listing office HALO REALTY 165 NORTH BROADWAY, Bayville, NJ

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.


Investment Insights

Based on property information with market context.

This four-family residential income property includes four separate units: two three-bedroom apartments, one one-bedroom unit, and one studio apartment. Public remarks indicate that three of the four units have recently been updated, while the remaining unit has not been described as updated. The property is positioned for straightforward ownership of a multi-tenant building with a diversified unit mix.

Located at 120 S Broadway in South Amboy, New Jersey, the property is described as being directly across from a train station and bus stop. The remarks also reference the NYC ferry located in town. The building sits on one of the town’s central streets, with on-street parking available at no charge. Nearby, residents are described as being minutes from local restaurants, shopping, schools, parks, and houses of worship.

For buyers and owner-occupants, this configuration offers flexibility through a blend of studio, one-bedroom, and larger three-bedroom layouts within a legal four-family structure. The combination of commuter-oriented transit access and available on-street parking may support everyday livability for tenants across the unit mix. The recently updated units may be particularly appealing to those seeking a property with at least part of the interior already refreshed.

Key Highlights

  • Legal 4‑family with 2 units featuring 3 bedrooms (Unit 1 has 1.5 baths; Unit 2 has 1 bath) plus 2 one‑bedroom units (each 1 bath).
  • Three of the four units have been recently updated, according to the seller’s remarks.
  • Located in South Amboy directly across from the train station and bus stop; NYC ferry also in town.

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 (±1% cap)
NOI $56,669 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$743.9K
$650.9K – $867.8K (±1% cap)
NOI $52,070 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$884.2K
$773.6K – $1.03M (±1% cap)
NOI $61,891 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Real Estate Agency Hair Salon Grocery & Convenience Store Skin Care Clinic Food Market (Bike/Boat/Book/etc) Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit property with a mix of studio, one-, and three-bedroom apartments, with updates in three units.
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: Legal 4‑family with 2 units featuring 3 bedrooms (Unit 1 has 1.5 baths; Unit 2 has 1 bath) plus 2 one‑bedroom units (each 1 bath).; Three of the four units have been recently updated, according to the seller’s remarks.; Located in South Amboy directly across from the train station and bus stop; NYC ferry also in town.
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