Side-by-Side
For Sale
$959,000
221 223 E 2Nd Ave, Roselle, NJ 07203
Multi-Family, Duplex-Side by Side, Roselle Boro, NJ
Property Size2,911 SF
Lot Size0.32 Acres
Price / SF$329.44
Days on Market150
Property Features for 221 223 E 2Nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
5
Half bathrooms
2
Rooms
Basement, Bedroom 6, Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 6, Bedroom 7, Bathroom 3, Bedroom 5, Bedroom 8, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Parking
10
Patio and Porch features
Patio
Exterior features
Patio, Pool-Above Ground, Privacy Fence
Fencing
Privacy
Elementary school
Harrison
Middle school
Leon Moore
High school
Abraham CL
Directions
E Westfield to E 2nd Ave
Standard status
Active
Size
2,911 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
26425
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating), Radiant
Cooling system
Central Air
Water source
Public
Building Details
Year built
1910
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
Listed By:
MIRILEIDY PARRA · License #407084
(866) 201-6210
Added: May 17
Changed: Sep 14
Last Checked: Oct 13 at 4:06AM
MLS# 4028321
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This side-by-side duplex dates to 1910 and contains 2,911 square feet on a 0.32-acre parcel. The room schedule includes eight bedrooms, seven bathrooms, and basement space across the property. Each residence benefits from central air, while heating is provided through electric, radiant, and heat-pump systems. The exterior includes a patio, an above-ground pool, and privacy fencing.
The property is served by public water and public sewer, with cable available. A shingle roof completes the existing improvements. Located in Roselle Boro, the property offers a residential income configuration with substantial interior room count and established outdoor amenities.
The property is served by public water and public sewer, with cable available. A shingle roof completes the existing improvements. Located in Roselle Boro, the property offers a residential income configuration with substantial interior room count and established outdoor amenities.
Key Highlights
- Side‑by‑side duplex with 2,911 square feet of building area
- 0.32‑acre parcel in Roselle Boro, NJ
- Eight bedrooms and seven bathrooms listed across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,719
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,380
$974.4K
Cap Rate 7%
$695,986
$696.0K
Cap Rate 9%
$541,322
$541.3K
Market Conditions
NOI Build-Up for 2,911 SF
Gross rent
$74.4K $25.56/SF
− Vacancy
−$4.8K −$1.65/SF
EGI
$69.6K $23.91/SF
− OpEx
−$20.9K −$7.17/SF
NOI
$48.7K $16.74/SF
Area
Union 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%
$974,380
Cap Rate 7%
$695,986
Cap Rate 9%
$541,322
Alternative Uses
Best Use
Multifamily LT 5
$696.0K
$609.0K – $812.0K
NOI $48,719 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$639.5K
$559.6K – $746.1K
NOI $44,765 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$760.1K
$665.1K – $886.8K
NOI $53,208 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
Explore this area
Business Placement
Demographics for 07203, NJ
22,715
Population
8,430
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
85%
High-School Grad
2.6 sq mi
ZIP Area
8,737
Density / Sq Mi
$82,967
Median Household Income
$45,458
Median Earnings
$1,499
Median Rent
$336,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences with private outdoor features, central air, and public water and sewer service.
Where is this duplex located?
The property is located at 221 223 E 2Nd Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,911 square feet of building area; 0.32‑acre parcel in Roselle Boro, NJ; Eight bedrooms and seven bathrooms listed across the property
