Two-Unit Duplex with
For Sale
$500,000
165 2nd St, South Amboy, NJ 08879
Two residential units feature separate kitchens, living rooms, bedrooms, and full bathrooms across two floors.
Property Size1,276 SF
Price / SF$391.85
Days on Market70
Property Features for 165 2nd St
General Information
Standard status
Active
Size
1,276 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2BR/1BA, 1BR/1BA
Multifamily Units
2
Amenities
driveway
backyard
Building Details
Year Built
1914
Listing Agency:
FOX & FOXX REALTY, LLC
Listed By:
VERONICA HARY
(732) 642-9093
Source:
Thebansalteam
Added: Aug 10
Changed: Oct 8
Last Checked: Oct 7 at 5:08PM
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 FOX & FOXX REALTY, LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,276 square feet and was built in 1914. The first-floor residence includes two bedrooms, one full bathroom, a kitchen, and a living room. Upstairs, the second residence offers one bedroom, one full bathroom, a kitchen, and a living room. The property also includes a driveway and backyard, and both units are fully rented.
The property is located near downtown, a train station, ferry service with direct access to NYC, shops, restaurants, and highways. Its two-floor configuration and existing residential layout provide a clearly defined setup for continued rental use.
The property is located near downtown, a train station, ferry service with direct access to NYC, shops, restaurants, and highways. Its two-floor configuration and existing residential layout provide a clearly defined setup for continued rental use.
Key Highlights
- Two‑unit duplex with 1,276 SF of building area
- First‑floor unit includes 2 bedrooms and 1 full bathroom
- Second‑floor unit includes 1 bedroom and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,355
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,100
$427.1K
Cap Rate 7%
$305,071
$305.1K
Cap Rate 9%
$237,278
$237.3K
Market Conditions
NOI Build-Up for 1,276 SF
Gross rent
$32.6K $25.56/SF
− Vacancy
−$2.1K −$1.65/SF
EGI
$30.5K $23.91/SF
− OpEx
−$9.2K −$7.17/SF
NOI
$21.4K $16.74/SF
Area
Middlesex 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%
$427,100
Cap Rate 7%
$305,071
Cap Rate 9%
$237,278
Alternative Uses
Best Use
Multifamily LT 5
$305.1K
$266.9K – $355.9K
NOI $21,355 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$280.3K
$245.3K – $327.0K
NOI $19,622 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$333.2K
$291.5K – $388.7K
NOI $23,323 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 08879, NJ
22,965
Population
9,737
Households
2.4
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
3,235
Density / Sq Mi
$98,000
Median Household Income
$57,998
Median Earnings
$1,633
Median Rent
$377,700
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 - Two residential units feature separate kitchens, living rooms, bedrooms, and full bathrooms across two floors.
Where is this duplex located?
The property is located at 165 2nd St South Amboy, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,276 SF of building area; First‑floor unit includes 2 bedrooms and 1 full bathroom; Second‑floor unit includes 1 bedroom and 1 full bathroom
