Historic Live-Work
141 Dunbar Avenue Fords, NJ 08863
For Sale
$950,000
Two-family residence paired with a former barrel factory accessory building featuring approximately 14-foot ceilings.
Property Size2,063 SF
Price / SF$460.49
Days on Market282
Property Features for 141 Dunbar Avenue
General Information
Standard status
Active
Size
2,063 SF
Property subtype
Multi-family
Building Details
Year Built
1963
Listing Agency:
REALMART REALTY LLC
Listed By:
QIZHAN JACK YAO
(833) 740-1234
Source:
Actionplusrealty
Added: Oct 21, 2025
Changed: Jul 27
Last Checked: Jul 29 at 12:45AM
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 REALMART REALTY LLC
Investment Insights
Based on property information with market context.
This historic live-work compound presents a two-family residential configuration at the front, complemented by a large rear accessory structure originally used as a barrel factory/cooperage dating to the late 1800s. The rear building offers expansive open space and approximately 14-foot ceiling height, creating a high-clearance setting suited to a variety of storage, workshop, studio, collector, artisan, or hobby uses.
The property is located with convenient access to major transportation routes, including the Garden State Parkway, NJ Turnpike, Route 1, Route 9, and Route 287.
With its combination of multi-unit living space and a substantial high-ceiling industrial-style structure, the property supports both residential income potential and adaptive reuse within one compound.
The property is located with convenient access to major transportation routes, including the Garden State Parkway, NJ Turnpike, Route 1, Route 9, and Route 287.
With its combination of multi-unit living space and a substantial high-ceiling industrial-style structure, the property supports both residential income potential and adaptive reuse within one compound.
Key Highlights
- Two‑family residence plus historic former barrel factory/workshop accessory structure
- Rear building features approximately 14‑foot ceilings for high‑clearance flex space
- Historic industrial character dating back to the late 1800s; originally operated as a barrel factory/cooperage
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 | $52.7k | $25.56 |
| − Vacancy | −$3.4k | −$1.65 |
| EGI | $49.3k | $23.91 |
| − OpEx | −$14.8k | −$7.17 |
| NOI | $34.5k | $16.74 |
2,063 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$493.2K
$431.6K – $575.5K
NOI $34,527 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$453.2K
$396.6K – $528.8K
NOI $31,725 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$538.7K
$471.4K – $628.5K
NOI $37,708 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence paired with a former barrel factory accessory building featuring approximately 14-foot ceilings.
Where is this duplex located?
The property is located at 141 Dunbar Avenue Fords, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑family residence plus historic former barrel factory/workshop accessory structure; Rear building features approximately 14‑foot ceilings for high‑clearance flex space; Historic industrial character dating back to the late 1800s; originally operated as a barrel factory/cooperage
