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Renovated 5-Unit Multifamily Building
For Sale
Contact for pricing
Pending

99 Lewis Street, Perth Amboy, NJ 08861

Five-unit multifamily property with renovated interiors and reported annual gross income exceeding $100K.

Property SizeContact for details
Days on Market925

Property Features for 99 Lewis Street

General Information

Standard status Pending
Property subtype Multifamily
Zoning 4C
Occupancy 100%

Additional Details

Multifamily Units 5

Building Details

Buildings 1
Stories 2
Units 5
Tenancy Multi
Listing Agency: RE/MAX LIFETIME REALTORS
Listed By: Tina Torres · License #0571718
Source: Crexi
Added: Feb 27, 2024 Changed: Aug 8 Last Checked: Jul 24 at 1:27PM

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 LIFETIME REALTORS

Investment Insights

Based on property information with market context.

This offering is a 5-unit multifamily building. Public remarks state the interior was renovated about a year ago, with rents reported as slightly below market rates. The property is described as grossing over $100K annually.

The sale is positioned for investor buyers able to qualify for a commercial mortgage, hard money loan, or purchase with cash.

As provided, the information focuses on the unit count, the renovation timing, and reported income performance, along with buyer financing requirements.

Key Highlights

  • 5‑unit multifamily building with reported annual gross income exceeding $100,000
  • Interior renovations completed about a year ago
  • Rents reported slightly below market rates, offering potential upside

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Catering Service (Bike/Boat/Book/etc) Store Skin Care Clinic Florist Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,413
Businesses Nearby

Demographics for 08861, NJ

58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit multifamily property with renovated interiors and reported annual gross income exceeding $100K.
Where is this apartment building located?
The property is located at 99 Lewis Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5‑unit multifamily building with reported annual gross income exceeding $100,000; Interior renovations completed about a year ago; Rents reported slightly below market rates, offering potential upside
(908) 688-2828 Call to check price and availability
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