Two-Unit Duplex with Full
New
For Sale
$435,000
Pending
220 Sheridan St, Perth Amboy, NJ 08861
Two stories provide separate living space, with a rear yard and nearby public transportation.
Property Size1,814 SF
Days on Market3
Property Features for 220 Sheridan St
General Information
Standard status
Pending
Size
1,814 SF
Property subtype
Investment
Additional Details
Asking Price
$435,000
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,678
Building Details
Building Size
1,814 SF
Year Built
1915
Stories
2
Listed By:
LAWRENCE MAJETTE
(609) 789-2319
Source:
Elliman
Added: Oct 30
Last Checked: Nov 1 at 6:18AM
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 LAWRENCE MAJETTE
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Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 1,814 square feet across two stories. A full basement adds utility and storage space, and a rear yard provides outdoor area. Built in 1915, the property is located at 220 Sheridan Street in Perth Amboy, New Jersey.
Public transportation is nearby. The property has a Walk Score of 59, a Bike Score of 48, and a Transit Score of 36.
Public transportation is nearby. The property has a Walk Score of 59, a Bike Score of 48, and a Transit Score of 36.
Key Highlights
- Two units across two stories
- Approximately 1,814 square feet
- Full basement with utility and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,359
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,180
$607.2K
Cap Rate 7%
$433,700
$433.7K
Cap Rate 9%
$337,322
$337.3K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$46.4K $25.56/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$43.4K $23.91/SF
− OpEx
−$13.0K −$7.17/SF
NOI
$30.4K $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%
$607,180
Cap Rate 7%
$433,700
Cap Rate 9%
$337,322
Alternative Uses
Best Use
Multifamily LT 5
$433.7K
$379.5K – $506.0K
NOI $30,359 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$398.5K
$348.7K – $464.9K
NOI $27,896 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$473.7K
$414.5K – $552.6K
NOI $33,157 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two stories provide separate living space, with a rear yard and nearby public transportation.
Where is this duplex located?
The property is located at 220 Sheridan St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two units across two stories; Approximately 1,814 square feet; Full basement with utility and storage space
