Multifamily Property with Rooming
For Sale
$579,000
168 1st St, Perth Amboy, NJ 08861
Income-producing property with a one-bedroom apartment, private rooms, shared facilities, and off-street parking.
Property Size1,878 SF
Price / SF$308.31
Days on Market85
Property Features for 168 1st St
General Information
Standard status
Active
Size
1,878 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
1891
Listing Agency:
EXP REALTY, LLC
Listed By:
YOUSUF S. SYED · License #455412
(866) 201-6210
Source:
Luminancerealty
Added: Jul 25
Changed: Oct 5
Last Checked: Oct 16 at 10:24AM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
This 1,878-square-foot multifamily property in Perth Amboy, New Jersey, was built in 1891 and combines a private one-bedroom apartment with four additional rooms. The apartment includes a living room, kitchen, and full bathroom, while the other rooms share common facilities. The apartment and rooms are currently occupied.
The property includes a deep backyard and four off-street parking spaces. Its existing configuration provides separate living and room accommodations within one residential income property. The address is 168 1st St, Perth Amboy, NJ 08861.
The property includes a deep backyard and four off-street parking spaces. Its existing configuration provides separate living and room accommodations within one residential income property. The address is 168 1st St, Perth Amboy, NJ 08861.
Key Highlights
- 1,878 SF multifamily property in Perth Amboy, NJ
- One‑bedroom apartment with living room, kitchen, and full bathroom
- Four additional private rooms with shared common facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,880
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,600
$577.6K
Cap Rate 7%
$412,571
$412.6K
Cap Rate 9%
$320,889
$320.9K
Market Conditions
NOI Build-Up for 1,878 SF
Gross rent
$56.3K $30.00/SF
− Vacancy
−$3.8K −$2.04/SF
EGI
$52.5K $27.96/SF
− OpEx
−$23.6K −$12.58/SF
NOI
$28.9K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,600
Cap Rate 7%
$412,571
Cap Rate 9%
$320,889
Alternative Uses
Best Use
Apartment 5plus
$412.6K
$361.0K – $481.3K
NOI $28,880 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$490.4K
$429.1K – $572.1K
NOI $34,327 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
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?
Multifamily property - Income-producing property with a one-bedroom apartment, private rooms, shared facilities, and off-street parking.
Where is this multifamily property located?
The property is located at 168 1st St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 1,878 SF multifamily property in Perth Amboy, NJ; One‑bedroom apartment with living room, kitchen, and full bathroom; Four additional private rooms with shared common facilities
