4-Unit
For Sale
$999,999
120 S Broadway, South Amboy, NJ 08879
Multi-Family, South Amboy, NJ
Property Size3,386 SF
Lot Size0.06 Acres
Price / SF$295.33
Days on Market140
Property Features for 120 S Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Basement, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 7, Bathroom 4
Basement
Full
Subdivision
Shoregate
Elementary school
South Amboy
Middle school
South Amboy
High school
South Amboy High School
Directions
Main st. to N. Broadway to S. Broadway
Standard status
Active
APN
20-00044-0000-00023
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
Building Details
Floors in Building
3
Number of units
4
Flooring type
Laminate, Tile - Ceramic
Listing Agency:
Halo Realty
(848) 229-1810
Listed By:
Klaudia Piotrowicz · License #1648941
(732) 997-9650
Added: May 27
Changed: Oct 2
Last Checked: Oct 13 at 4:06AM
MLS# 22615603
Copyright © 2026 More 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 3,386-square-foot quadplex contains four residential units: two three-bedroom apartments, one one-bedroom apartment, and one studio. Three of the four units have been recently updated. Interior finishes include ceramic tile and laminate flooring, with baseboard heating throughout the property. Public sewer serves the building, and on-street parking is accessible nearby.
The property is located at 120 S Broadway in South Amboy, directly across from the train station and bus stop. The NYC ferry is also located in town, providing another transportation option. Restaurants, shopping, schools, parks, and houses of worship are located along or near Broadway.
The property is located at 120 S Broadway in South Amboy, directly across from the train station and bus stop. The NYC ferry is also located in town, providing another transportation option. Restaurants, shopping, schools, parks, and houses of worship are located along or near Broadway.
Key Highlights
- Four‑unit configuration with two 3‑bedroom apartments, one 1‑bedroom unit, and one studio
- 3,386 square feet on a 0.06‑acre lot
- Three of the four units have been recently updated
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
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments were recently updated, with two three-bedroom units, one one-bedroom apartment, and one studio.
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 configuration with two 3‑bedroom apartments, one 1‑bedroom unit, and one studio; 3,386 square feet on a 0.06‑acre lot; Three of the four units have been recently updated
