Remodeled Two-Unit
For Sale
$389,000
14-16 Church Street, Sussex, NJ 07461
Multi-Family, Sussex, NJ
Property Size2,000 SF
Lot Size0.11 Acres
Price / SF$194.50
Days on Market100
Property Features for 14-16 Church Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Basement, Bedroom 4, Bedroom 2, Bedroom 3
Basement
Partially Finished
Directions
14-16 Church St, Sussex, NJ 07461
Standard status
Active
APN
21-00607-0000-00003
Size
2,000 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5817
Utilities
Sewer type
Public Sewer
Heating system
Oil, Baseboard
Water source
Public
Building Details
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Central · RE/MAX International
(732) 972-1000
Listed By:
George Pavlushkin · License #1324942
(732) 984-8300
Added: Jul 8
Changed: Oct 2
Last Checked: Oct 15 at 6:06PM
MLS# 22620739
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 14-16 Church Street in Sussex, New Jersey, this remodeled duplex contains 2,000 square feet across two residential units. The first apartment includes 3 bedrooms and 1 full bathroom, while the second provides 2 bedrooms and 1 full bathroom. Both units feature updated interiors and practical layouts suited to continued residential occupancy.
The property occupies 0.11 acres and includes a basement. Public water and public sewer serve the residence, while heating is provided through baseboard systems using oil. The two-unit configuration supports rental income use and can also accommodate multi-generational living arrangements.
The property occupies 0.11 acres and includes a basement. Public water and public sewer serve the residence, while heating is provided through baseboard systems using oil. The two-unit configuration supports rental income use and can also accommodate multi-generational living arrangements.
Key Highlights
- 2,000 square feet configured as a two‑unit duplex
- Unit mix includes 3 bedrooms and 1 full bathroom plus 2 bedrooms and 1 full bathroom
- Remodeled interiors with updated finishes and functional layouts
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
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
NOI $33,472 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$439.4K
$384.5K – $512.6K
NOI $30,756 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated residential income property with distinct floor plans and public water and sewer service.
Where is this duplex located?
The property is located at 14-16 Church Street 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: 2,000 square feet configured as a two‑unit duplex; Unit mix includes 3 bedrooms and 1 full bathroom plus 2 bedrooms and 1 full bathroom; Remodeled interiors with updated finishes and functional layouts
