Two-Unit Duplex with Detached
125 Lincoln Avenue Unit 125 Carteret, NJ 07008
125 Lincoln Avenue Unit 125, Carteret, NJ, 07008
$650,000
For Sale
$650,000
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 Market16
Property Features for 125 Lincoln Avenue Unit 125
General Information
- Standard status
- Active
- Size
- 2,176 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1940
Listing Agency
RE/MAX Central
(732) 972-1000
Listed by
Lori Bocchieri-Bennett · License #564284
(732) 972-1000
Source
Xome
Added: Jul 5 Updated: Jul 19 at 1:42 am Checked: Jul 20 at 1:42 am
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)
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 |
2,176 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
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 Avenue Unit 125 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)
