Side-by-Side Two-Unit
21 A and 21B State Route183 Stanhope, NJ 07874
21 A and 21B State Route183, Stanhope, NJ, 07874
$540,000
For Sale
$540,000
SINGLE_FAMILY - Stanhope Boro, NJ
Property Size1,820 SF
Lot Size0.13 Acres
Price / SF$296.70
Days on Market108
Property Features for 21 A and 21B State Route183
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Basement
- Patio and Porch features
- Patio, Porch
- Interior features
- Carbon Monoxide Detector, Smoke Detector
- Exterior features
- Metal Fence, Open Porch(es), Patio, Sidewalk, Storage Shed
- Fencing
- Fenced
- Appliances
- Carbon Monoxide Detector, Dryer, Range/Oven-Electric, Refrigerator, Washer
- Standard status
- Active
- Size
- 1,820 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7670
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Flooring type
- Carpet, Linoleum
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
RE/MAX HERITAGE PROPERTIES
(973) 598-1700
293 ROUTE 206 N, Flanders, NJ
Listed by
JESSICA SOHL · License #1861649
(973) 598-1700
Added: Apr 1 Checked: Jul 17 at 11:06 pm
MLS# 4040842
Listing URL
Copyright © 2026 Garden State MLS, LLC. 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 side-by-side two-unit duplex offers two apartments with separate living layouts. Each unit features 2 bedrooms and 1 bathroom, with laundry in each unit. The property includes a rocking chair front porch, a fenced shared backyard, and off-street parking. Unit 21A is currently vacant and ready for occupancy.
Cameras are installed on the premises. The property is listed as a two-family residence, and the seller notes it is just one block to Lake Musconetcong and about 0.5 miles to the Netcong NJ Transit train station.
The home consists of 21A and 21B on State Route 183, with no unit above the other and tenant placement described as beside one another.
Cameras are installed on the premises. The property is listed as a two-family residence, and the seller notes it is just one block to Lake Musconetcong and about 0.5 miles to the Netcong NJ Transit train station.
The home consists of 21A and 21B on State Route 183, with no unit above the other and tenant placement described as beside one another.
Key Highlights
- Side‑by‑side 2‑family home; each duplex side has 2 beds, 1 bath, and in‑unit laundry
- Unit 21A is vacant and ready for move‑in
- Front porch with views of Lake Musconetcong; about one block to the lake
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 | $46.5k | $25.56 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $43.5k | $23.91 |
| − OpEx | −$13.1k | −$7.17 |
| NOI | $30.5k | $16.74 |
1,820 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.1K
$380.8K – $507.7K
NOI $30,460 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$399.8K
$349.9K – $466.5K
NOI $27,988 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$475.2K
$415.8K – $554.5K
NOI $33,267 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two side-by-side units each offer 2 bedrooms, 1 bath, and in-unit laundry, plus off-street parking and a shared backyard.
Where is this duplex located?
The property is located at 21 A and 21B State Route183 Stanhope, NJ.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Side‑by‑side 2‑family home; each duplex side has 2 beds, 1 bath, and in‑unit laundry; Unit 21A is vacant and ready for move‑in; Front porch with views of Lake Musconetcong; about one block to the lake
