173 Clinton Street South Bound Brook, NJ 08880
MULTI_FAMILY - South Bound Brook, NJ
- Added:
- Jun 30, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 13 at 8:06 pm
Property Features for 173 Clinton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bathrooms
- 3
- Rooms
- Dining Room, Basement, Bathroom 2, Bathroom 3, Bathroom 1, Den
- 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
- Standard status
- Active
- 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
- Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Flooring type
- Carpet
- Building materials
- Wood Siding
- Roof type
- Flat
Listing agent Bruce Parker License #9482948 (908) 202-5738
Listing office BEST REALTY 42 WOODBRIDGE AVENUE, NJ (732) 819-8895
Listing date Jun 30, 2026
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.
Investment Insights
Based on property information with market context.
A separate front staircase leads to the second apartment, which occupies both the second and third floors and is currently tenant occupied. The upstairs layout includes five bedrooms, two full baths, a comfortable living room, and a recently renovated oversized eat-in kitchen with a spacious dining area.
Additional property features include a full unfinished basement, a rear staircase, two separate heating systems, and two hot water heaters. Utilities are set up independently for each apartment with separate gas and electric meters, supporting separate operations. Outside, the exceptionally large rear yard provides outdoor space for gardening, recreation, or entertaining.
Conveniently located just a few blocks from shopping, restaurants, and public transportation, with quick access to Route 287, the property offers a practical setup for an owner-occupant seeking rental income or an investor looking for a two-unit configuration with independent utility services.
Key Highlights
- 1920‑built two‑family home with two separate apartments: Unit 1 has 3 bedrooms plus a den/flexible room
- Unit 2 spans the second and third floors with 5+ bedrooms and 2+ baths, including a renovated oversized eat‑in kitchen and spacious dining area
- Separate front staircase for Unit 2 and two hot water heaters, with two separate heating systems
Local 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 | $77.7k | $21.60 |
| − Vacancy | −$4.4k | −$1.21 |
| EGI | $73.4k | $20.39 |
| − OpEx | −$22.0k | −$6.12 |
| NOI | $51.3k | $14.27 |
