Two-Unit Residential Income
125 Lincoln Avenue Carteret, NJ 07008
125 Lincoln Avenue, Carteret, NJ, 07008
$650,000
For Sale
$650,000
Duplex offering two separate metered units, full basement, and a detached garage, with a walk-up attic above.
Property Size2,176 SF
Price / SF$298.71
Days on Market12
Property Features for 125 Lincoln Avenue
General Information
- Standard status
- Active
- Size
- 2,176 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency
RE/MAX CENTRAL
Listed by
LORI BOCCHIERI BENNETT
Source
Corcoran
Added: Jul 10 Updated: Jul 13 at 2:21 am Checked: Jul 20 at 3:59 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 duplex features two distinct units with separate gas and electric meters, plus a full basement and a large detached garage. The upper unit includes a large walk-up attic that could be finished for additional living space (approximately 700 sq ft, as noted). The home also includes roof improvements estimated at about 15 years old, and a water heater approximately 2 years old.
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.
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 |
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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offering two separate metered units, full basement, and a detached garage, with a walk-up attic above.
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: 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
