125 Lincoln Avenue Carteret, NJ 07008
Duplex offering two separate metered units, full basement, and a detached garage, with a walk-up attic above.
Property Features for 125 Lincoln Avenue
General Information
- Standard status
- Active
- Size
- 2,176 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing office RE/MAX CENTRAL
Listing date Jul 10, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
The property is located in Carteret near public transportation including the Woodbridge Train Station and NJ bus service. It is also close to local shopping and dining, Carteret Park, the URSB Performing Arts Events Center, and the Carteret Waterfront Park Marina area with a riverwalk and fishing pier, with a future multimodal ferry terminal referenced.
As presented, the rental unit is described as having a lease in place with a local dentist.
Key Highlights
- Versatile 2‑unit duplex (built 1940) with separate utilities and potential for additional finished space in the walk‑up attic
- Each unit has separate gas/electric meters, with a full basement for added storage or potential utility
- Upstairs unit includes a large walk‑up attic that could be finished for approximately 700 additional SF of living space
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 | $55.6k | $25.56 |
| − Vacancy | −$3.6k | −$1.65 |
| EGI | $52.0k | $23.91 |
| − OpEx | −$15.6k | −$7.17 |
| NOI | $36.4k | $16.74 |
