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Two-Family Residential Income Property
For Sale
$639,000

309 Washington St, Perth Amboy, NJ 08861

Duplex with separate gas, electric, and water meters and two unit layouts totaling five bedrooms.

Property SizeContact for details
Days on Market42

Property Features for 309 Washington St

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multi Family

Additional Details

Cap Rate 8%
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,084

Building Details

Year Built 1914
Stories 2
Units 2
Listing Agency: RE/MAX Competitive Edge
Listed By: NADEEM QAVI · License #1109799
Source: Elliman
Added: Jul 22 Changed: Aug 24 Last Checked: Aug 31 at 2:16PM

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 Competitive Edge

Investment Insights

Based on property information with market context.

This two-family duplex offers separate utilities with independent gas, electric, and water meters. The first-floor apartment includes two bedrooms, a living room, and an eat-in kitchen. The second-floor apartment features three bedrooms, a living room, and an eat-in kitchen, with two additional bonus rooms in the attic.

The property also includes a detached two-car garage that is rented, along with parking for four cars with two additional rented parking spots.

Each unit structure is designed for straightforward residential rental use, with tenants responsible for utilities as stated in the remarks.

Key Highlights

  • 1914‑built 2‑family duplex with separate gas, electric, and water meters for each unit
  • 1st‑floor unit: 2 bedrooms, living room, and eat‑in kitchen
  • 2nd‑floor unit: 3 bedrooms, living room, and eat‑in kitchen, plus 2 attic bonus rooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Catering Service Garden Center (Bike/Boat/Book/etc) Store Veterinary Clinic

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,410
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
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex with separate gas, electric, and water meters and two unit layouts totaling five bedrooms.
Where is this duplex located?
The property is located at 309 Washington St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: 1914‑built 2‑family duplex with separate gas, electric, and water meters for each unit; 1st‑floor unit: 2 bedrooms, living room, and eat‑in kitchen; 2nd‑floor unit: 3 bedrooms, living room, and eat‑in kitchen, plus 2 attic bonus rooms
More about this property
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