Two-Unit Residential Income
204 Hunter Street Woodbury, NJ 08096
For Sale
$309,000
Duplex in Woodbury with a vacant, move-in ready first-floor unit and a long-term tenant in the upstairs unit.
Property Size2,255 SF
Price / SF$137.03
Days on Market72
Property Features for 204 Hunter Street
General Information
- Standard status
- Active
- Size
- 2,255 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing Agency:
EXP Realty,LLC
Listed By:
Sara Elizabeth Pensabene
(800) 299-2129
Source:
Actionplusrealty
Added: May 17
Changed: Jul 25
Last Checked: Jul 26 at 10:49PM
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
Investment Insights
Based on property information with market context.
This duplex offers two residential units with separate living spaces. The first-floor unit is vacant and move-in ready, featuring 2 bedrooms and 1.5 bathrooms. The upstairs unit is occupied by a long-term tenant who maintains the unit in good condition and would like to stay.
The owner has replaced the exterior stairs and is in the process of obtaining the Certificate of Occupancy from Woodbury.
The property is presented as a versatile residential income opportunity with an owner-occupant able to reside in one unit while generating rental income from the other.
The owner has replaced the exterior stairs and is in the process of obtaining the Certificate of Occupancy from Woodbury.
The property is presented as a versatile residential income opportunity with an owner-occupant able to reside in one unit while generating rental income from the other.
Key Highlights
- Duplex built in 1920 in Woodbury with a vacant, move‑in ready first‑floor unit
- First‑floor unit offers 2 bedrooms and 1.5 bathrooms
- Upstairs unit has a long‑term tenant in place
Financial Insights For Apartment 5plus
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 | $50.9k | $22.56 |
| − Vacancy | −$3.0k | −$1.31 |
| EGI | $47.9k | $21.25 |
| − OpEx | −$21.6k | −$9.56 |
| NOI | $26.4k | $11.69 |
2,255 SF · lease $22.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$423.3K
$370.4K – $493.8K
NOI $29,629 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$376.5K
$329.5K – $439.3K
NOI $26,357 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$758.0K
$663.3K – $884.3K
NOI $53,060 @ 7.0% cap · market cap 17.17%
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 - Duplex in Woodbury with a vacant, move-in ready first-floor unit and a long-term tenant in the upstairs unit.
Where is this duplex located?
The property is located at 204 Hunter Street Woodbury, NJ.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Duplex built in 1920 in Woodbury with a vacant, move‑in ready first‑floor unit; First‑floor unit offers 2 bedrooms and 1.5 bathrooms; Upstairs unit has a long‑term tenant in place
