Duplex with Separate
New
For Sale
$635,000
Pending
219 1st Street, Perth Amboy, NJ 08861
The two-family property has individual utility service, including separate water meters.
Property Size1,620 SF
Days on Market4
Property Features for 219 1st Street
General Information
Standard status
Pending
Size
1,620 SF
Property subtype
Multi Family Home
Zoning
R-25
Net Operating Income
$49,100
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Gross Income
$60,000
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,220
Amenities
Unit 1(3 Bedrooms
Kitchen
1 Bath)
Unit 2(3 Bedrooms
Porch(es) - Enclosed
Building Details
Building Size
1,620 SF
Year Built
1911
Stories
2
Listing Agency:
UNITED R.E. OF NORTH JERSEY
Listed By:
Keidy . Lozada
(888) 501-6953
Source:
Lacerdarealtors
Added: Oct 29
Last Checked: Oct 29 at 2:38PM
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 UNITED R.E. OF NORTH JERSEY
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Investment Insights
Based on property information with market context.
This 1,620-square-foot duplex in Perth Amboy is configured as a legal two-family property. Each unit has its own utility service, with separate water meters. The building dates to 1911 and carries R-25 zoning.
The property is being sold as-is. The buyer is responsible for inspections and obtaining the Certificate of Occupancy.
The property is being sold as-is. The buyer is responsible for inspections and obtaining the Certificate of Occupancy.
Key Highlights
- Legal two‑family property with 1,620 square feet
- Separate utility service for each unit, including individual water meters
- Built in 1911; zoned R‑25
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,113
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,260
$542.3K
Cap Rate 7%
$387,329
$387.3K
Cap Rate 9%
$301,256
$301.3K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$41.4K $25.56/SF
− Vacancy
−$2.7K −$1.65/SF
EGI
$38.7K $23.91/SF
− OpEx
−$11.6K −$7.17/SF
NOI
$27.1K $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%
$542,260
Cap Rate 7%
$387,329
Cap Rate 9%
$301,256
Alternative Uses
Best Use
Multifamily LT 5
$387.3K
$338.9K – $451.9K
NOI $27,113 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$355.9K
$311.4K – $415.2K
NOI $24,912 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$423.0K
$370.1K – $493.5K
NOI $29,611 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,069
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family property has individual utility service, including separate water meters.
Where is this duplex located?
The property is located at 219 1st Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Legal two‑family property with 1,620 square feet; Separate utility service for each unit, including individual water meters; Built in 1911; zoned R‑25
