Two-Unit Residential Income
135 Broad Street Washington, NJ 07882
135 Broad Street, Washington, NJ, 07882
$360,000
For Sale
$360,000
Vacant two-family home with two 2-bedroom, one-bath units, ready for updates.
Property Size1,000 SF
Price / SF$360
Days on Market142
Property Features for 135 Broad Street
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 1920
Listing agency
COLDWELL BANKER REALTY
(973) 376-5200
Listed by
MILAGROS RODRIGUEZ · License #398150
(973) 376-5200
Source
Compass
Added: Mar 1 Updated: Jul 21 at 4:17AM Checked: Jul 21 at 4:17AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This two-family residential income property consists of two separate units, each offering two bedrooms and one full bathroom. The home is delivered vacant and is positioned for an investor who wants to complete updates and refresh the property.
The listing is for a single duplex-style building at 135 Broad Street in Washington, NJ.
The existing configuration provides two rentable apartments with identical bedroom and bathroom counts per unit, supporting straightforward layout planning for a buyer seeking a value-add renovation project.
The listing is for a single duplex-style building at 135 Broad Street in Washington, NJ.
The existing configuration provides two rentable apartments with identical bedroom and bathroom counts per unit, supporting straightforward layout planning for a buyer seeking a value-add renovation project.
Key Highlights
- Vacant 2‑family home built in 1920 with 2 separate units
- Each unit offers 2 bedrooms and 1 full bathroom
- Unfinished basement and wood floors
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 | $22.2k | $22.20 |
| − Vacancy | −$1.2k | −$1.15 |
| EGI | $21.0k | $21.05 |
| − OpEx | −$6.3k | −$6.31 |
| NOI | $14.7k | $14.73 |
1,000 SF · lease $22.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$210.5K
$184.2K – $245.5K
NOI $14,732 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$189.1K
$165.5K – $220.6K
NOI $13,236 @ 7.0% cap · market cap 3.68%
Theoretical Best
Warehouse
$377.3K
$330.1K – $440.2K
NOI $26,409 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Howell Lloyd H
Accounting Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant two-family home with two 2-bedroom, one-bath units, ready for updates.
Where is this duplex located?
The property is located at 135 Broad Street Washington, NJ.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Vacant 2‑family home built in 1920 with 2 separate units; Each unit offers 2 bedrooms and 1 full bathroom; Unfinished basement and wood floors
