Updated 2-Unit
New
For Sale
$789,900
21 Market Street, Edison, NJ 08817
Multi-Family, Edison, NJ
Property Size2,350 SF
Lot Size0.13 Acres
Price / SF$336.13
Days on Market2
Property Features for 21 Market Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Neighborhood, Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Basement
Parking features
Oversize
Window features
Insulated Windows, Low-e Window Coating
Patio and Porch features
Patio
Interior features
Attic, Attic - Pull Down Strs, Recessed Lighting
Exterior features
Thermal Window, Lighting
Fencing
Fenced
Basement
Finished, Full
Lot features
Fenced Area, Level
High school
Edison
Directions
Woodbridge Ave. to Market St., or Old Post Rd to Pacific St. to Market St.
Subdivision
Piscatawaytown
Standard status
Active
APN
05-00264-02-00013-01
Size
2,350 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10900
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1949
Floors in Building
1
Number of units
2
Flooring type
Porcelain, Vinyl, Laminate
Building materials
Stone
Roof type
Shingle
Listing Agency:
RE/MAX 1st. Advantage
Listed By:
Michele M Keleman
(732) 382-0200
Added: Oct 24
Last Checked: Oct 25 at 8:06AM
MLS# 22633691
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family duplex in Edison contains 2,350 square feet across two residential units. Recent work includes new kitchens, three full bathrooms, flooring, appliances, windows, and siding; the roof is newer. The home was built in 1949 on a 0.13-acre lot.
Interior features include recessed lighting and pull-down attic stairs. Heating is provided by baseboard and forced-air systems, with central air conditioning. The property also has a basement, patio, fenced yard, oversized parking, public water, and public sewer.
Interior features include recessed lighting and pull-down attic stairs. Heating is provided by baseboard and forced-air systems, with central air conditioning. The property also has a basement, patio, fenced yard, oversized parking, public water, and public sewer.
Key Highlights
- Two‑family duplex with 2,350 square feet of building area
- 0.13‑acre lot in Edison, Middlesex County
- Updated kitchens, three full bathrooms, flooring, appliances, windows, and siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,041
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,820
$860.8K
Cap Rate 7%
$614,871
$614.9K
Cap Rate 9%
$478,233
$478.2K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$64.9K $27.60/SF
− Vacancy
−$3.4K −$1.44/SF
EGI
$61.5K $26.16/SF
− OpEx
−$18.4K −$7.85/SF
NOI
$43.0K $18.32/SF
Area
Edison, NJ
Vacancy
5.20%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,820
Cap Rate 7%
$614,871
Cap Rate 9%
$478,233
Alternative Uses
Best Use
Multifamily LT 5
$614.9K
$538.0K – $717.4K
NOI $43,041 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$547.3K
$478.9K – $638.5K
NOI $38,310 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$761.6K
$666.4K – $888.6K
NOI $53,314 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature refreshed kitchens, new appliances, and updated interior finishes.
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 $789,900.
What are key features of this property?
This property features: Two‑family duplex with 2,350 square feet of building area; 0.13‑acre lot in Edison, Middlesex County; Updated kitchens, three full bathrooms, flooring, appliances, windows, and siding
