Two-Unit Duplex with Detached
For Sale
$650,000
Pending
125 Lincoln Avenue, Carteret, NJ 07008
Multi-Family, Carteret, NJ
Property Size2,176 SF
Lot Size0.13 Acres
Days on Market74
Property Features for 125 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Basement
Parking
2
Parking features
Oversize
Interior features
Attic - Walk Up
Basement
Full
Lot features
Corner Lot
Middle school
Lincoln
High school
Carteret
Directions
Roosevelt Ave to corner of Lincoln Ave
Standard status
Pending
APN
01-06003-0000-00001
Size
2,176 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11138
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Radiant
Cooling system
Multi Units, Central Air
Water source
Public
Amenities
full basement
detached garage
walk-up attic
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Central · RE/MAX International
(732) 972-1000
Listed By:
Lori Bocchieri-Bennett · License #24560
(732) 239-8044
Added: Jul 9
Changed: Sep 13
Last Checked: Sep 20 at 11:06AM
MLS# 22620757
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 2,176-square-foot brick duplex, built in 1940, contains two distinct residences with separate gas and electric meters. The property includes a full basement, oversized parking, and a large detached garage. The upper residence has a walk-up attic with approximately 700 square feet of additional space that could be finished. Heating is provided by forced air and radiant systems, while cooling includes central air and multi-unit systems. The roof is approximately 15 years old, and the water heater is 2 years old.
One unit is leased to a local dentist. Public water and sewer serve the property, which sits on a 0.13-acre parcel. Nearby amenities include Woodbridge Train Station, NJ bus service, grocery stores, dining, Carteret Park, the URSB Performing Arts & Events Center, and Carteret Waterfront Park and Marina.
One unit is leased to a local dentist. Public water and sewer serve the property, which sits on a 0.13-acre parcel. Nearby amenities include Woodbridge Train Station, NJ bus service, grocery stores, dining, Carteret Park, the URSB Performing Arts & Events Center, and Carteret Waterfront Park and Marina.
Key Highlights
- Two‑unit duplex with 2,176 square feet of building area
- 0.13‑acre parcel in Carteret, NJ
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,418
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters support independent utility management for each residence.
Where is this duplex located?
The property is located at 125 Lincoln Avenue 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: Two‑unit duplex with 2,176 square feet of building area; 0.13‑acre parcel in Carteret, NJ; Separate gas and electric meters for each unit
