131 Main St, Whitehouse Station, NJ 08889
Fully renovated mixed-use property in Whitehouse Station with endless possibilities.
- Added:
- Jun 11, 2025
- Days on Market:
- 392
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 131 Main St
General Information
- Standard status
- Active
- Size
- 2,744 SF
Building Details
- Year Built
- 1890
Listing office ERA BONIAKOWSKI REAL ESTATE (732) 968-0700
Listing date Jun 11, 2025
Source Corcoran
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 ERA BONIAKOWSKI REAL ESTATE
HighLights
- Fully renovated, mixed‑use Victorian Colonial in the heart of Whitehouse Station, offering versatile investment or business opportunities.
- Luxurious, state‑of‑the‑art two‑bedroom, two‑bath apartment with private entrance, laundry, and attic storage.
- Detached two‑story barn with four garage bays and second‑floor storage.
- Extensive renovations include newer cedar siding and roof, updated plumbing and electrical, new well, and new Anderson windows.
- Main level is ADA‑compliant and beautifully finished, previously used as a kitchen design showroom.
- Dual access from Main Street (Rt. 523) and James Street with ample off‑street parking.
Overview
Local Financial Insights For Apartment 5plus
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 | $82.3k | $30.00 |
| − Vacancy | −$5.6k | −$2.04 |
| EGI | $76.7k | $27.96 |
| − OpEx | −$34.5k | −$12.58 |
| NOI | $42.2k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Whitehouse Station
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -74.769
- Latitude
- 40.6176