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Four-Unit Multifamily Investment 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
Bedrooms
7
Bathrooms
5
Rooms
Bathroom 3, Bathroom 2, Basement, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Basement
Full
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
Tile - Ceramic, Laminate

Listing agent Klaudia Piotrowicz License #1648941

Listing office Halo Realty 216 Stelton Road, Piscataway, NJ

Listing date May 27, 2026

MLS# 22615603 Listing URL

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.

Located in the heart of South Amboy, this four-family investment property is situated 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. 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 investors and owner-occupants seeking rental potential in a desirable location. The lot size is 0.06 acres and the property size is 3386 square feet. On-street parking is accessible.

Key Highlights

  • Four‑family property with 4 units: two 3‑bedroom apartments, one 1‑bedroom unit, and one studio apartment
  • Located directly across from the train station and bus stop for easy commuting
  • Three of the four units have been recently updated

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 units near transportation, restaurants, shopping, and schools.
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‑family property with 4 units: two 3‑bedroom apartments, one 1‑bedroom unit, and one studio apartment; Located directly across from the train station and bus stop for easy commuting; Three of the four units have been recently updated
Contact an agent
More about this property
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