Two-Unit Duplex with Detached
For Sale
$650,000
125 Lincoln Ave, Carteret, NJ 07008
Two distinct units with separate gas and electric meters, full basement, and a large detached garage.
Property Size2,176 SF
Price / SF$298.71
Days on Market82
Property Features for 125 Lincoln Ave
General Information
Standard status
Active
Size
2,176 SF
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1940
Listing Agency:
RE/MAX Central
Listed By:
Lori Bocchieri-Bennett · License #24560
(732) 239-8044
Source:
Thebansalteam
Added: Jul 18
Changed: Oct 6
Last Checked: Oct 6 at 12:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Central
Investment Insights
Based on property information with market context.
This two-unit duplex offers separate living spaces with individual gas and electric meters for each unit. The property includes a full basement and a large detached garage, adding practical storage and parking utility. An upstairs walk-up attic is also present and could be finished for additional living space. Recent improvements noted include a roof approximately 15 years old and a water heater approximately two years old.
The duplex is located in Carteret with access to local transit and amenities, including proximity to the Woodbridge Train Station, NJ bus service, grocery stores, and dining options. It is also near Carteret Park, the URSB Performing Arts & Events Center, and the Carteret Waterfront Park and Marina, which features a riverwalk and fishing pier.
One unit is described as having a lease in place with a local dentist, supporting immediate income potential for the right buyer.
The duplex is located in Carteret with access to local transit and amenities, including proximity to the Woodbridge Train Station, NJ bus service, grocery stores, and dining options. It is also near Carteret Park, the URSB Performing Arts & Events Center, and the Carteret Waterfront Park and Marina, which features a riverwalk and fishing pier.
One unit is described as having a lease in place with a local dentist, supporting immediate income potential for the right buyer.
Key Highlights
- 2‑unit property with separate gas and electric meters for each unit
- Full basement plus a large walk‑up attic in the upstairs unit (approx. 700 SF could be finished)
- Large detached garage and on‑street parking (2 parking spaces)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,418
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,360
$728.4K
Cap Rate 7%
$520,257
$520.3K
Cap Rate 9%
$404,644
$404.6K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$55.6K $25.56/SF
− Vacancy
−$3.6K −$1.65/SF
EGI
$52.0K $23.91/SF
− OpEx
−$15.6K −$7.17/SF
NOI
$36.4K $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%
$728,360
Cap Rate 7%
$520,257
Cap Rate 9%
$404,644
Alternative Uses
Best Use
Multifamily LT 5
$520.3K
$455.2K – $607.0K
NOI $36,418 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$478.0K
$418.3K – $557.7K
NOI $33,463 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$568.2K
$497.2K – $662.9K
NOI $39,774 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 07008, NJ
25,342
Population
8,717
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
5,760
Density / Sq Mi
$87,712
Median Household Income
$42,770
Median Earnings
$2,012
Median Rent
$370,100
Median Home Value
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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?
Duplex - Two distinct units with separate gas and electric meters, full basement, and a large detached garage.
Where is this duplex located?
The property is located at 125 Lincoln Ave Carteret, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2‑unit property with separate gas and electric meters for each unit; Full basement plus a large walk‑up attic in the upstairs unit (approx. 700 SF could be finished); Large detached garage and on‑street parking (2 parking spaces)
