Three-Unit Triplex with
216 Amherst Street, Highland Park, NJ 08904
For Sale
$849,900
Under Contract
Residential Income, Highland Park, NJ
Property Size2,583 SF
Lot Size0.12 Acres
Price / SF$329.04
Days on Market48
Property Features for 216 Amherst Street
General Information
Property type
Property subtype
Zoning
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
BEST REALTY · RE/MAX International
(732) 819-8895
Listed By:
Bruce Parker · License #9482948
(908) 202-5738
Added: Sep 23
Changed: Nov 6
Last Checked: Nov 9 at 6:06AM
MLS# 2705039R
Copyright © 2026 All Jersey 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 2,583-square-foot triplex contains three units: a two-bedroom unit with a dining room, kitchen, and living room; a three-bedroom unit with a kitchen and one bath; and a one-bedroom unit with a kitchen, living room, and one bath. The property was built in 1900 and has vinyl siding, a full basement, and a two-car garage. A deck, patio, porch, and yard provide additional outdoor space.
Zoned RA, the property sits on a 0.124-acre lot and has public water and public sewer. An additional lot on Meriland is included in the sale.
Zoned RA, the property sits on a 0.124-acre lot and has public water and public sewer. An additional lot on Meriland is included in the sale.
Key Highlights
- Three units with one-, two-, and three‑bedroom layouts
- 2,583 square feet on a 0.124‑acre lot
- Two‑car garage and full basement
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
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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
$463,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Middlesex County, NJ
Properties on Market for Triplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct unit layouts, outdoor living areas, and a full basement support a range of residential configurations.
Where is this triplex located?
The property is located at 216 Amherst Street 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 units with one-, two-, and three‑bedroom layouts; 2,583 square feet on a 0.124‑acre lot; Two‑car garage and full basement
