Remodeled
For Sale
$389,000
1416 14-16 Church St, Sussex, NJ 07461
Two updated residences provide distinct three-bedroom and two-bedroom layouts with practical rental or owner-occupant flexibility.
Property Size2,000 SF
Price / SF$194.50
Days on Market81
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Property Features for 1416 14-16 Church St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Family
Units
Unit Mix
3BR/1BA, 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Buildings
1
Listing Agency:
RE/MAX Central
Listed By:
George Pavlushkin · License #1324942
(732) 972-1000
Source:
Soldbypattie
Added: Jul 27
Changed: Oct 12
Last Checked: Oct 7 at 5:28PM
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 RE/MAX Central
Investment Insights
Based on property information with market context.
This duplex at 1416 14-16 Church St includes 2,000 square feet arranged as two separate residences. One unit offers 3 bedrooms and 1 full bathroom, while the other contains 2 bedrooms and 1 full bathroom. Both interiors have undergone comprehensive remodeling, with refreshed finishes and functional layouts suited to everyday living.
Public sewer and public water serve the property, supporting straightforward utility service. Located in Sussex, NJ, the two-unit configuration accommodates a range of ownership strategies, including continued rental use or occupancy of one residence alongside the other.
Public sewer and public water serve the property, supporting straightforward utility service. Located in Sussex, NJ, the two-unit configuration accommodates a range of ownership strategies, including continued rental use or occupancy of one residence alongside the other.
Key Highlights
- 2,000‑square‑foot duplex with 2 separate residences
- Unit mix includes 3 bedrooms and 1 full bathroom, plus 2 bedrooms and 1 full bathroom
- Both units have been fully remodeled
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
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences provide distinct three-bedroom and two-bedroom layouts with practical rental or owner-occupant flexibility.
Where is this duplex located?
The property is located at 1416 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: 2,000‑square‑foot duplex with 2 separate residences; Unit mix includes 3 bedrooms and 1 full bathroom, plus 2 bedrooms and 1 full bathroom; Both units have been fully remodeled
