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Building Details

Buildings 1

Listing Agency: Coldwell Banker Realty

Listed By: William Hagan Group Show Phone

Source: Williamhagangroup

Added: Jul 10 Changed: Oct 15 Last Checked: Oct 14 at 10:53PM

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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.

Located at 14-16 Church St in Sussex, this duplex contains approximately 2,000 square feet across two residential units. The property has undergone extensive remodeling, with refreshed interiors, contemporary finishes, and practical layouts throughout.

The unit mix includes one three-bedroom, one-bath residence and one two-bedroom, one-bath residence. Public water and public sewer serve both units, supporting straightforward utility operations. The configuration accommodates separate residential occupancy while also offering flexibility for multigenerational living or rental use.

Key Highlights

• Two‑family duplex with approximately 2,000 square feet
• One unit includes 3 bedrooms and 1 full bathroom
• Second unit includes 2 bedrooms and 1 full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,472

Cap Rate

8.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$669,440 $669.4K

Cap Rate 7%

$478,171 $478.2K

Cap Rate 9%

$371,911 $371.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$51.1K $25.56/SF

− Vacancy

−$3.3K −$1.65/SF

EGI

$47.8K $23.91/SF

− OpEx

−$14.3K −$7.17/SF

NOI

$33.5K $16.74/SF

Area

Sussex County, NJ

Vacancy

6.46%

Lease Rate

$25.56 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$669,440

Cap Rate 7%

$478,171

Cap Rate 9%

$371,911

Alternative Uses

Best Use

Multifamily LT 5

$478.2K

$418.4K – $557.9K (±1% cap)

NOI $33,472 @ 7.0% cap · market cap 8.60%

Second Best

Apartment 5plus

$439.4K

$384.5K – $512.6K (±1% cap)

NOI $30,756 @ 7.0% cap · market cap 7.91%

Theoretical Best

Office A

$522.2K

$457.0K – $609.3K (±1% cap)

NOI $36,557 @ 7.0% cap · market cap 9.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

322

Businesses Nearby

Explore this area Business Placement

Demographics for 07461, NJ

18,530

Population

7,972

Households

2.3

Avg Household Size

44

Median Age

28%

College-Educated

93%

High-School Grad

83.0 sq mi

ZIP Area

223

Density / Sq Mi

$104,441

Median Household Income

$46,590

Median Earnings

$1,456

Median Rent

$338,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Mixed-Use Flex and Warehouse Property

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Frequently Asked Questions

What type of property is this?

Duplex - Two updated units offer distinct bedroom layouts with public water and sewer service.

Where is this duplex located?

The property is located at 14-16 Church St Sussex, NJ.

What is the asking price?

The asking price for this property is $389,000.

What are key features of this property?

This property features: Two‑family duplex with approximately 2,000 square feet; One unit includes 3 bedrooms and 1 full bathroom; Second unit includes 2 bedrooms and 1 full bathroom