Duplex with Detached
New
For Sale
$675,000
Pending
221-225 Washington St, Perth Amboy, NJ 08861
Each residence has three bedrooms, an eat-in kitchen, and separate utility service.
Property Size2,126 SF
Days on Market3
Property Features for 221-225 Washington St
General Information
Standard status
Pending
Size
2,126 SF
Property subtype
Investment
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,075
Amenities
heated basement
laundry hookups
storage rooms
Building Details
Building Size
2,126 SF
Year Built
1909
Buildings
1
Stories
2
Listing Agency:
Fox & Foxx Realty LLC
Listed By:
CARMEN ALMANZAR
(732) 910-2559
Source:
Elliman
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 7:17AM
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 Fox & Foxx Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1909, this duplex contains two residences, each with three bedrooms, living and dining areas, and an eat-in kitchen. A heated basement provides laundry hookups and two storage rooms. The property also includes an oversized detached garage and separate utilities, with one water meter serving the building.
The building occupies a corner lot at 221-225 Washington St in Perth Amboy, New Jersey.
The building occupies a corner lot at 221-225 Washington St in Perth Amboy, New Jersey.
Key Highlights
- Two‑unit duplex with three bedrooms in each residence
- Oversized detached garage
- Heated basement with laundry hookups and two storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,581
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,620
$711.6K
Cap Rate 7%
$508,300
$508.3K
Cap Rate 9%
$395,344
$395.3K
Market Conditions
NOI Build-Up for 2,126 SF
Gross rent
$54.3K $25.56/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.8K $23.91/SF
− OpEx
−$15.2K −$7.17/SF
NOI
$35.6K $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%
$711,620
Cap Rate 7%
$508,300
Cap Rate 9%
$395,344
Alternative Uses
Best Use
Multifamily LT 5
$508.3K
$444.8K – $593.0K
NOI $35,581 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$467.1K
$408.7K – $544.9K
NOI $32,694 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$555.1K
$485.8K – $647.7K
NOI $38,860 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,431
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, an eat-in kitchen, and separate utility service.
Where is this duplex located?
The property is located at 221-225 Washington St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑unit duplex with three bedrooms in each residence; Oversized detached garage; Heated basement with laundry hookups and two storage rooms
