Renovated Two-Family
21 Market Street, Edison, NJ 08817
MULTI_FAMILY - Edison, NJ
Property size:
3,250 SFLot size:
0.13 AcresPrice / SF:
$261/SF- Added:
- May 5, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 22 at 12:06 am
Property Features for 21 Market Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bedroom 3, Bathroom 3
- 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
- Full, Finished
- Standard status
- Active
- APN
- 05-00264-02-00013-01
- Size
- 3,250 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7796
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
- Laminate, Vinyl, Porcelain
- Building materials
- Stone
- Roof type
- Shingle
Listing agent Michele M Keleman License #8544216 (732) 382-0200
Listing office RE/MAX 1st. Advantage 170 Inman Ave., Colonia, NJ (732) 382-0200
Listing date May 5, 2026
MLS# 22613003
Listing URL
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.
HighLights
- 2‑family home with 3,250 SF across two separate living quarters
- Renovated down to the studs with new kitchens featuring quartz countertops and stainless steel appliances
- 3 full bathrooms plus recessed lighting in every room
- Updated exterior with new windows, new siding, and a new stone front with stone porches and sidewalk
- Central air cooling; forced air and baseboard heating
- Oversize parking with patio and fenced yard; public water and public sewer
Overview
This renovated two-family home has been gutted to the studs and meticulously rebuilt, presenting a bright, modern layout with an open floor plan and recessed lighting throughout. The interiors include new walls and sheetrock, freshly painted surfaces, and updated flooring in every room. The property features two separate living quarters, along with new kitchens with quartz countertops, stainless steel appliances, and custom designer wood cabinetry. There are also three full bathrooms, plus new windows, new siding, and a new stone front with stone porches and a blue stone front sidewalk.
Located at 21 Market Street in Edison, NJ 08817, the home sits on a 0.13-acre lot. The listing describes the property as a two-family opportunity designed for either rental income or owner occupancy with a tenant in the other unit.
From a tenant/buyer-fit perspective, the configuration supports flexible use: an owner can live in one unit while renting the other. With substantial renovations already completed, the home is presented as move-in ready for occupants who want updated kitchens, bathrooms, and finishes without needing immediate interior work. The overall scope of upgrades, including windows, exterior siding, and multiple new bathroom fixtures, makes it straightforward for buyers considering owner-occupied use or an income-focused residential rental strategy.
Located at 21 Market Street in Edison, NJ 08817, the home sits on a 0.13-acre lot. The listing describes the property as a two-family opportunity designed for either rental income or owner occupancy with a tenant in the other unit.
From a tenant/buyer-fit perspective, the configuration supports flexible use: an owner can live in one unit while renting the other. With substantial renovations already completed, the home is presented as move-in ready for occupants who want updated kitchens, bathrooms, and finishes without needing immediate interior work. The overall scope of upgrades, including windows, exterior siding, and multiple new bathroom fixtures, makes it straightforward for buyers considering owner-occupied use or an income-focused residential rental strategy.
Local 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 | $89.7k | $27.60 |
| − Vacancy | −$4.7k | −$1.44 |
| EGI | $85.0k | $26.16 |
| − OpEx | −$25.5k | −$7.85 |
| NOI | $59.5k | $18.32 |
3,250 SF · lease $27.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$850.4K
$744.1K – $992.1K
NOI $59,525 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$756.9K
$662.3K – $883.0K
NOI $52,982 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.05M
$921.7K – $1.23M
NOI $73,732 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Edison
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.39513
- Latitude
- 40.501844
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Gutted-to-studs two-family residence offers updated interiors and kitchens with flexible owner-occupied or rental use.
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 $849,900.
What are key features of this property?
This property features: 2‑family home with 3,250 SF across two separate living quarters; Renovated down to the studs with new kitchens featuring quartz countertops and stainless steel appliances; 3 full bathrooms plus recessed lighting in every room
