Two-Family Home with Walkout
20 Crosby Avenue Edison, NJ 08817
For Sale
Under Contract
$519,000
MULTI_FAMILY - Edison, NJ
Property Size1,658 SF
Lot Size0.14 Acres
Price / SF$313.03
Days on Market47
Property Features for 20 Crosby Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Basement, Bedroom 1, Bathroom 1, Dining Room
Patio and Porch features
Deck
Interior features
Unit 1(1 Bath, 2 Bedrooms, Dining Room, Kitchen, Living Room, See Remarks), Unit 2(1 Bedroom, Dining Room, Kitchen, Living Room)
Exterior features
Deck, Storage Shed
Appliances
Water Heater(See Remarks), Water Heater, Unit 1(Dryer, Range/Oven, Washer), Unit 2(Range/Oven, Refrigerator)
Standard status
Active Under Contract
APN
0500212000000059
Size
1,658 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7742
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating), Baseboard
Cooling system
Window Unit(s), Wall Unit(s)
Water source
Public
Building Details
Year built
1912
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Additional Structures
See Remarks, Storage
Listing Agency:
COLDWELL BANKER REALTY
(908) 233-5555
Listed By:
Jiali Diane Chen
(908) 233-5555
Added: Jun 12
Changed: Jul 6
Last Checked: Jul 28 at 12:06PM
MLS# 2662209M
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.
This two-family home offers two spacious units with updated finishes and fresh paint throughout. The first-floor unit includes two bedrooms and one full bath, with an enclosed front porch leading into a living room featuring hardwood floors and a decorative fireplace. The living room connects to an eat-in kitchen with access to a screened rear porch, and the level is rounded out by a large bedroom with a walk-in closet, an additional bedroom, and a full bath. The second-floor unit features a bright, open layout with a large living room, dining area, and double sliders that open to a private deck. It includes an open kitchen with a breakfast bar, access to the backyard, a spacious bedroom, a full bath, and a large walk-in closet.
A walkout basement adds practical flexibility, with a recreation room, laundry area with a washer and dryer, and ample storage space. The property also includes a large backyard and a long driveway. Located in Edison, NJ, the home is positioned conveniently close to Route 1, Route 27, shopping, dining, the Edison Train Station, and major highways.
With two separate residential units, this property can suit a range of ownership goals, including owner-occupancy or multi-generational living arrangements, while keeping day-to-day flexibility through the basement recreation space and in-unit laundry. The enclosed porch, screened rear porch, private deck, and outdoor areas provide multiple options for comfortable indoor-outdoor living.
A walkout basement adds practical flexibility, with a recreation room, laundry area with a washer and dryer, and ample storage space. The property also includes a large backyard and a long driveway. Located in Edison, NJ, the home is positioned conveniently close to Route 1, Route 27, shopping, dining, the Edison Train Station, and major highways.
With two separate residential units, this property can suit a range of ownership goals, including owner-occupancy or multi-generational living arrangements, while keeping day-to-day flexibility through the basement recreation space and in-unit laundry. The enclosed porch, screened rear porch, private deck, and outdoor areas provide multiple options for comfortable indoor-outdoor living.
Key Highlights
- 2‑family home built in 1912 with two separate units, each with living room and kitchen space
- Unit 1: 2 bedrooms and 1 full bath with dining room, plus access to a screened rear porch and deck
- Unit 2: 1 bedroom with dining room, kitchen, and a deck accessed via double sliders
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 | $45.8k | $27.60 |
| − Vacancy | −$2.4k | −$1.44 |
| EGI | $43.4k | $26.16 |
| − OpEx | −$13.0k | −$7.85 |
| NOI | $30.4k | $18.32 |
1,658 SF · lease $27.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.8K
$379.6K – $506.1K
NOI $30,367 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$386.1K
$337.9K – $450.5K
NOI $27,029 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$537.4K
$470.2K – $626.9K
NOI $37,615 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit residence with updated interiors, screened rear porch, and a walkout basement for extra living and storage flexibility.
Where is this duplex located?
The property is located at 20 Crosby Avenue Edison, NJ.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: 2‑family home built in 1912 with two separate units, each with living room and kitchen space; Unit 1: 2 bedrooms and 1 full bath with dining room, plus access to a screened rear porch and deck; Unit 2: 1 bedroom with dining room, kitchen, and a deck accessed via double sliders
