Duplex with 5-Car
For Sale
$685,000
212 Sherman Street, Perth Amboy, NJ 08861
Two three-bedroom units offer separate living rooms, baths, and eat-in kitchens.
Property Size2,184 SF
Price / SF$313.64
Days on Market66
Property Features for 212 Sherman Street
General Information
Standard status
Active
Size
2,184 SF
Total Parking Spaces
5
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1974
Listing Agency:
RE/MAX SELECT
Listed By:
ROBERT S. GOLDEN · License #8732116
(908) 930-1017
Source:
Actionplusrealty
Added: Aug 2
Changed: Oct 6
Last Checked: Oct 5 at 8:45PM
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 SELECT
Investment Insights
Based on property information with market context.
Built in 1974, this duplex contains two apartments, each with three bedrooms, a living room, a bathroom, and an eat-in kitchen. The second-floor unit has central AC, while the first-floor unit uses window air-conditioning units. Most utilities are separately metered, supporting distinct unit operations.
A 5-car garage provides substantial enclosed space, and two active above-ground oil tanks are located in one garage unit. The property is at 212 Sherman St in Perth Amboy, New Jersey, with a 08861-4525 ZIP code.
A 5-car garage provides substantial enclosed space, and two active above-ground oil tanks are located in one garage unit. The property is at 212 Sherman St in Perth Amboy, New Jersey, with a 08861-4525 ZIP code.
Key Highlights
- Two apartments, each with 3 bedrooms, a living room, bathroom, and eat‑in kitchen
- 5‑car garage
- Second‑floor unit has central AC; first‑floor unit uses window units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,552
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,040
$731.0K
Cap Rate 7%
$522,171
$522.2K
Cap Rate 9%
$406,133
$406.1K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$55.8K $25.56/SF
− Vacancy
−$3.6K −$1.65/SF
EGI
$52.2K $23.91/SF
− OpEx
−$15.7K −$7.17/SF
NOI
$36.6K $16.74/SF
Area
Middlesex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,040
Cap Rate 7%
$522,171
Cap Rate 9%
$406,133
Alternative Uses
Best Use
Multifamily LT 5
$522.2K
$456.9K – $609.2K
NOI $36,552 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$479.8K
$419.8K – $559.8K
NOI $33,586 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$570.3K
$499.0K – $665.3K
NOI $39,920 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
Explore this area
Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer separate living rooms, baths, and eat-in kitchens.
Where is this duplex located?
The property is located at 212 Sherman Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms, a living room, bathroom, and eat‑in kitchen; 5‑car garage; Second‑floor unit has central AC; first‑floor unit uses window units
