Three-Unit Triplex with
For Sale
$849,900
216 Amherst St, Highland Park, NJ 08904
Hardwood flooring, basement storage, and a two-car garage complement the residential layout.
Property Size2,583 SF
Days on Market43
Property Features for 216 Amherst St
General Information
Standard status
Active
Size
2,583 SF
Total Parking Spaces
2
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$17,117
Building Details
Building Size
2,583 SF
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Best Realty D.B.A. RE/MAX Best Realty
Listed By:
BRUCE PARKER · License #9482948
(908) 202-5738
Source:
Elliman
Added: Sep 24
Changed: Oct 25
Last Checked: Nov 4 at 2:08PM
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 Best Realty D.B.A. RE/MAX Best Realty
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Investment Insights
Based on property information with market context.
Built in 1900, this triplex contains three residential units. Hardwood floors add a distinct interior feature, while a full basement provides storage and a two-car garage offers covered vehicle space. The sale also includes an additional lot on Meriland.
The property sits between the New Brunswick and Edison train stations, with Rutgers University and nearby shopping, banks, post office, and entertainment. Walk Score is 72, Bike Score is 51, and Transit Score is 30.
The property sits between the New Brunswick and Edison train stations, with Rutgers University and nearby shopping, banks, post office, and entertainment. Walk Score is 72, Bike Score is 51, and Transit Score is 30.
Key Highlights
- Three residential units in a building constructed in 1900
- Full basement with storage and a two‑car garage
- Hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,230
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,600
$864.6K
Cap Rate 7%
$617,571
$617.6K
Cap Rate 9%
$480,333
$480.3K
Market Conditions
NOI Build-Up for 2,583 SF
Gross rent
$66.0K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$61.8K $23.91/SF
− OpEx
−$18.5K −$7.17/SF
NOI
$43.2K $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%
$864,600
Cap Rate 7%
$617,571
Cap Rate 9%
$480,333
Alternative Uses
Best Use
Multifamily LT 5
$617.6K
$540.4K – $720.5K
NOI $43,230 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$567.4K
$496.5K – $662.0K
NOI $39,721 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$674.5K
$590.2K – $786.9K
NOI $47,213 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 08904, NJ
15,072
Population
6,858
Households
2.2
Avg Household Size
36
Median Age
70%
College-Educated
94%
High-School Grad
1.8 sq mi
ZIP Area
8,373
Density / Sq Mi
$101,991
Median Household Income
$58,786
Median Earnings
$1,881
Median Rent
$463,600
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?
Triplex - Hardwood flooring, basement storage, and a two-car garage complement the residential layout.
Where is this triplex located?
The property is located at 216 Amherst St Highland Park, 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: Three residential units in a building constructed in 1900; Full basement with storage and a two‑car garage; Hardwood floors
