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Duplex with Private Basement Access

13 William St Flemington, NJ 08822

Claim this Listing
Pending
$649,900

MULTI_FAMILY - Flemington Boro, NJ

Property size:
2,600 SF
Lot size:
0.22 Acres
Added:
Apr 1, 2026
Days on Market:
102
Last Refresh:
Jul 11 at 12:06 am

Property Features for 13 William St

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 6, Bathroom 2, Basement, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3
Parking
6
Standard status
Pending
Lot size
0.22 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
11362

Utilities

Sewer type
Public Sewer
Heating system
Other (Heating), Hot Water(Heating)
Water source
Public

Building Details

Year built
1945
Number of units
2
Roof type
Shingle
Architectural style
Other

Listing agent LIAM COONAHAN

Listing office REAL 165 PASSAIC AVE STE 205, Haddon Township, NJ

Listing date Apr 1, 2026

MLS# 4017912 Listing URL

Copyright © 2026 Garden State MLS, LLC. 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 well-maintained duplex consists of two separate residential units, each with three bedrooms and 1.5 bathrooms and approximately 1,300 square feet of living space. Both units are described as being in very good condition. Each unit also has its own private basement access, which can support in-home storage and day-to-day functionality.

The property is located at 13 William St in Flemington Boro, NJ. It is positioned on a lot sized at 0.22 acres and includes a large yard. Parking is provided in the back of the property, which can help keep day-to-day access organized. The listing also notes the home is fully occupied with long-term tenants.

From a tenant and operator standpoint, the duplex configuration can appeal to buyers seeking an income-producing property with established occupancy. The listing further states that all utilities are separately metered, which may simplify billing and ongoing management. With two similar unit layouts and dedicated basement access for each side, the property may offer practical setup for day-to-day operations.

Key Highlights

  • Well‑maintained duplex built in 1945 with both units in very good condition
  • Each unit has 3 bedrooms and 1.5 bathrooms with approximately 1,300 SF of living space per unit
  • Fully occupied with reliable, long‑term tenants for immediate rental income

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 $66.5k $25.56
− Vacancy −$4.3k −$1.65
EGI $62.2k $23.91
− OpEx −$18.6k −$7.17
NOI $43.5k $16.74
2,600 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$621.6K
$543.9K – $725.2K (±1% cap)
NOI $43,514 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$571.2K
$499.8K – $666.4K (±1% cap)
NOI $39,983 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K (±1% cap)
NOI $47,524 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Storage Facility Butcher Locksmith Furniture & Home Goods Computer & Electronic Repair Hotel & Motel Florist (Bike/Boat/Book/etc) Store Parking Lot & Garage

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex offers two 3-bedroom units with private basement access and separate utilities for straightforward management.
Where is this duplex located?
The property is located at 13 William St Flemington, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Well‑maintained duplex built in 1945 with both units in very good condition; Each unit has 3 bedrooms and 1.5 bathrooms with approximately 1,300 SF of living space per unit; Fully occupied with reliable, long‑term tenants for immediate rental income
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