Renovated Two-Family
For Sale
$799,900
21 Market Street, Edison, NJ 08817
Renovated duplex offering two separate living quarters with upgraded kitchens and three full baths.
Property Size3,350 SF
Price / SF$238.78
Days on Market43
Property Features for 21 Market Street
General Information
Standard status
Active
Size
3,350 SF
Property subtype
Multi-family
Building Details
Year Built
1949
Listing Agency:
RE/MAX 1st ADVANTAGE
Listed By:
MICHELE M. KELEMAN
(833) 740-1234
Source:
Actionplusrealty
Added: Jun 19
Changed: Jul 25
Last Checked: Jul 30 at 5:26PM
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 1st ADVANTAGE
Investment Insights
Based on property information with market context.
This beautifully renovated two-family residence has been gutted to the studs and meticulously rebuilt. The property provides 3,350 square feet of modern living across two separate living quarters, designed to support either rental income or owner occupancy. Interior upgrades include two new kitchens with custom solid wood cabinets, quartz countertops, stainless steel appliances, and marble tile backsplashes. There are three full baths and custom ceramic tile finishes throughout.
Located at 21 Market Street in Edison, the home offers an owner the flexibility to live in one unit while renting the other.
With two distinct living quarters and extensive kitchen and bath upgrades, the property is well-suited for tenants or buyers seeking a turn-key, income-capable duplex.
Located at 21 Market Street in Edison, the home offers an owner the flexibility to live in one unit while renting the other.
With two distinct living quarters and extensive kitchen and bath upgrades, the property is well-suited for tenants or buyers seeking a turn-key, income-capable duplex.
Key Highlights
- 2‑family home (duplex) built in 1949 with two separate living quarters
- Renovated multi‑family property gutted to the studs and rebuilt
- 3,350 sq. ft of modern living across the two separate quarters
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 | $92.5k | $27.60 |
| − Vacancy | −$4.8k | −$1.44 |
| EGI | $87.7k | $26.16 |
| − OpEx | −$26.3k | −$7.85 |
| NOI | $61.4k | $18.32 |
3,350 SF · lease $27.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$876.5K
$767.0K – $1.02M
NOI $61,356 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$780.2K
$682.7K – $910.2K
NOI $54,612 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.09M
$950.0K – $1.27M
NOI $76,001 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 08817, NJ
48,243
Population
17,260
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
4,551
Density / Sq Mi
$109,734
Median Household Income
$54,631
Median Earnings
$1,946
Median Rent
$411,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex offering two separate living quarters with upgraded kitchens and three full baths.
Where is this duplex located?
The property is located at 21 Market Street Edison, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2‑family home (duplex) built in 1949 with two separate living quarters; Renovated multi‑family property gutted to the studs and rebuilt; 3,350 sq. ft of modern living across the two separate quarters
