Two-Unit Duplex with Full
220 Sheridan Street, Perth Amboy, NJ 08861
For Sale
$435,000
Residential Income, Perth Amboy, NJ
Property Size1,814 SF
Lot Size0.06 Acres
Price / SF$239.80
Days on Market16
Property Features for 220 Sheridan Street
General Information
Property type
Property subtype
Zoning
Zoning description
Bathrooms
Full bathrooms
Rooms
Interior features
Accessibility
Appliances
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
KELLER WILLIAMS CORNERSTONE
(908) 359-0893
Listed By:
Lawrence Majette
(609) 789-2319
Added: Oct 27
Changed: Nov 9
Last Checked: Nov 11 at 1:06AM
MLS# 2706973R
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 two-story duplex contains 1,814 square feet and dates to 1915. Its two residences each have two bedrooms and one bathroom. A full basement provides additional utility and storage space, and a rear yard adds outdoor area. The exterior is vinyl siding beneath an asphalt roof; window units provide cooling. A ramp offers an accessible approach.
The property occupies 0.0574 acres at 220 Sheridan Street in Perth Amboy. Public water and sewer serve the site, and public transportation is nearby.
The property occupies 0.0574 acres at 220 Sheridan Street in Perth Amboy. Public water and sewer serve the site, and public transportation is nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bath
- 1,814 square feet across two stories
- Full basement and rear yard
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
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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
$340,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Perth Amboy, NJ
Properties on Market for Duplexes in Perth Amboy
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bathroom, with additional storage space below grade.
Where is this duplex located?
The property is located at 220 Sheridan Street 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 residences, each with 2 bedrooms and 1 bath; 1,814 square feet across two stories; Full basement and rear yard
