Two-Unit Duplex with
New
For Sale
$675,000
221-225 Washington Street, Perth Amboy, NJ 08861
Residential Income, Perth Amboy, NJ
Property Size2,126 SF
Lot Size0.04 Acres
Price / SF$317.50
Days on Market5
Property Features for 221-225 Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-25
Zoning description
Buyer Should Verify
Rooms
Dining Room, Basement
Parking features
Garage
Interior features
Unit 1(Dining Room, 3 Bedrooms, 1 Bath, Living Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room)
Accessibility
Accessible Approach with Ramp
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
Lot features
Corner Lot
Elementary school district
Perth Amboy City School Distri
Middle school district
Perth Amboy City School Distri
High school district
Perth Amboy City School Distri
Directions
Amboy to Washington
Standard status
Active
APN
1600223000000022
Size
2,126 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8075
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Amenities
heated basement
laundry hookups
two storage rooms
Building Details
Year built
1909
Floors in Building
2
Roof type
Asphalt
Listing Agency:
FOX & FOXX REALTY, LLC
(732) 486-3444
Listed By:
Carmen Almanzar
(732) 910-2559
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 9:06PM
MLS# 2706924R
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 2,126-square-foot duplex contains two residences, each with three bedrooms, a bathroom, dining and living areas, and an eat-in kitchen. The heated basement has laundry hookups and two storage rooms. A detached garage provides additional on-site parking. The property has baseboard heat and separate utilities, with one water meter serving the building.
Set on a 0.0396-acre corner lot, the property is zoned R-25. Public water and sewer serve the site.
Set on a 0.0396-acre corner lot, the property is zoned R-25. Public water and sewer serve the site.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bath
- 2,126‑square‑foot building on a 0.0396‑acre corner lot
- 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
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,431
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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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 - Both residences offer three bedrooms, and the property includes a detached garage.
Where is this duplex located?
The property is located at 221-225 Washington Street 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 residences, each with 3 bedrooms and 1 bath; 2,126‑square‑foot building on a 0.0396‑acre corner lot; Heated basement with laundry hookups and two storage rooms
