Two-Unit Duplex with Separate
For Sale
Under Contract
$609,900
173 Clinton Street, South Bound Brook, NJ 08880
Residential Income, South Bound Brook, NJ
Property Size3,598 SF
Lot Size0.30 Acres
Price / SF$169.51
Days on Market109
Property Features for 173 Clinton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Zoning description
Buyer Should Verify
Bathrooms
3
Full bathrooms
3
Rooms
Dining Room, Bathroom 1, Den, Bathroom 3, Bathroom 2, Basement
Patio and Porch features
Porch
Interior features
Unit 1(3 Bedrooms, Kitchen, Living Room, Den/Family Room), Unit 2(Dining Room, Kitchen, 5+ Bedrooms, Living Room, 2+ Baths)
Exterior features
Porch(es) - Open, Sidewalk, Porch
Appliances
Water Heater(Gas), Water Heater
Lot features
Near Shopping, Near Train, Near Public Transit
Elementary school district
South Bound Brook Borough Scho
Middle school district
South Bound Brook Borough Scho
High school district
South Bound Brook Borough Scho
Directions
to Clinton
Standard status
Active Under Contract
APN
1900052000000007
Size
3,598 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
11848
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Amenities
large open front porch
full unfinished basement
rear staircase
exceptionally large rear yard
Building Details
Year built
1920
Floors in Building
3
Flooring type
Carpet
Building materials
Wood Siding
Roof type
Flat
Listing Agency:
BEST REALTY · RE/MAX International
(732) 819-8895
Listed By:
Bruce Parker · License #9482948
(908) 202-5738
Added: Jun 30
Changed: Oct 14
Last Checked: Oct 16 at 4:06AM
MLS# 2700060R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,598-square-foot duplex contains two apartments, with a total of eight bedrooms plus a den. The first-floor unit has three bedrooms and an additional room, and is vacant. The second apartment spans the upper two floors and includes five bedrooms, two full baths, a living room, and a dining area. Both kitchens have been updated or renovated. The property also has an unfinished basement, front and rear staircases, and a large rear yard. Separate gas and electric meters, heating systems, and hot water heaters serve the apartments.
Built in 1920, the property sits on a 0.2966-acre lot and is zoned R-2. Shopping, restaurants, and public transportation are a few blocks away, with access to Route 287 nearby.
Built in 1920, the property sits on a 0.2966-acre lot and is zoned R-2. Shopping, restaurants, and public transportation are a few blocks away, with access to Route 287 nearby.
Key Highlights
- Two apartments: a vacant first‑floor unit and a tenant‑occupied residence across the second and third floors
- 3,598 square feet on a 0.2966‑acre lot
- First‑floor apartment has 3 bedrooms plus a den; upper apartment has 5 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,350
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,000
$1.0M
Cap Rate 7%
$733,571
$733.6K
Cap Rate 9%
$570,556
$570.6K
Market Conditions
NOI Build-Up for 3,598 SF
Gross rent
$77.7K $21.60/SF
− Vacancy
−$4.4K −$1.21/SF
EGI
$73.4K $20.39/SF
− OpEx
−$22.0K −$6.12/SF
NOI
$51.3K $14.27/SF
Area
Somerset County, NJ
Vacancy
5.61%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,000
Cap Rate 7%
$733,571
Cap Rate 9%
$570,556
Alternative Uses
Best Use
Multifamily LT 5
$733.6K
$641.9K – $855.8K
NOI $51,350 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$638.4K
$558.6K – $744.9K
NOI $44,691 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$939.5K
$822.1K – $1.10M
NOI $65,766 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 08880, NJ
4,872
Population
1,870
Households
2.6
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
0.6 sq mi
ZIP Area
8,120
Density / Sq Mi
$102,019
Median Household Income
$51,442
Median Earnings
$1,822
Median Rent
$345,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has its own gas and electric meters, heating system, and hot water heater.
Where is this duplex located?
The property is located at 173 Clinton Street South Bound Brook, NJ.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: Two apartments: a vacant first‑floor unit and a tenant‑occupied residence across the second and third floors; 3,598 square feet on a 0.2966‑acre lot; First‑floor apartment has 3 bedrooms plus a den; upper apartment has 5 bedrooms and 2 full baths
