Updated Two-Family
1999 GREENWOOD AVENUE Hamilton, NJ 08609
For Sale
$499,000
Two updated units with separate entrances, a detached 2-car garage, and basement and attic storage.
Property Size2,350 SF
Price / SF$212.34
Days on Market11
Property Features for 1999 GREENWOOD AVENUE
General Information
- Standard status
- Active
- Size
- 2,350 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1925
Listing Agency:
RE/MAX On the Move Realty
(732) 901-0701
Listed By:
Elchonon Weinberg · License #2331011
(732) 901-0701
Source:
Cummingsrealtors
Added: Jul 13
Changed: Jul 23
Last Checked: Jul 23 at 4:17AM
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 On the Move Realty
Investment Insights
Based on property information with market context.
This updated two-family residence offers two independently accessed living spaces with modern finishes throughout. The main unit features four bedrooms, 1.5 updated bathrooms, a bright living room, and an eat-in kitchen. Additional space includes an unfinished attic and a full, unfinished basement for storage and future possibilities. The kitchen highlights white cabinetry, stone countertops, stainless steel appliances, and gold accents, complemented by fresh paint, new flooring, and updated fixtures.
The second unit includes a private entrance and its own driveway, along with one bedroom, one full bathroom, a comfortable living room, and a kitchen. Both units have separate access to the backyard for added privacy and convenience.
A detached 2-car garage serves the main residence, and the overall configuration supports flexible occupancy and rental use.
The second unit includes a private entrance and its own driveway, along with one bedroom, one full bathroom, a comfortable living room, and a kitchen. Both units have separate access to the backyard for added privacy and convenience.
A detached 2-car garage serves the main residence, and the overall configuration supports flexible occupancy and rental use.
Key Highlights
- Two‑family home built in 1925 with two separate units and private access
- Main unit: 4 bedrooms, 1.5 updated bathrooms, bright living room, eat‑in kitchen, plus unfinished attic and full unfinished basement
- Second unit: 1 bedroom, 1 full bathroom, private entrance and driveway, living room and kitchen
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 | $63.5k | $27.00 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $59.3k | $25.25 |
| − OpEx | −$17.8k | −$7.57 |
| NOI | $41.5k | $17.67 |
2,350 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$593.3K
$519.1K – $692.1K
NOI $41,528 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$512.4K
$448.3K – $597.8K
NOI $35,867 @ 7.0% cap · market cap 7.19%
Theoretical Best
Warehouse
$756.1K
$661.6K – $882.1K
NOI $52,926 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two updated units with separate entrances, a detached 2-car garage, and basement and attic storage.
Where is this duplex located?
The property is located at 1999 GREENWOOD AVENUE Hamilton, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑family home built in 1925 with two separate units and private access; Main unit: 4 bedrooms, 1.5 updated bathrooms, bright living room, eat‑in kitchen, plus unfinished attic and full unfinished basement; Second unit: 1 bedroom, 1 full bathroom, private entrance and driveway, living room and kitchen
