Duplex with Detached
New
For Sale
$675,000
221 State St, Perth Amboy, NJ 08861
Multi-Family, 2-Two Story, Perth Amboy City, NJ
Property Size2,126 SF
Lot Size0.04 Acres
Price / SF$317.50
Days on Market2
Property Features for 221 State St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Parking
3
Directions
State st or Amboy ave to Washington
Standard status
Active
Size
2,126 SF
Lot size
0.04 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8075
Utilities
Water source
Public
Building Details
Year built
1909
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
FOX & FOXX REALTY, LLC
(732) 486-3444
Listed By:
CARMEN L. ALMANZAR
(732) 738-7501
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 8:06PM
MLS# 4062210
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.
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Investment Insights
Based on property information with market context.
This 2,126-square-foot, two-story duplex was built in 1909 and has three bedrooms on each floor, along with living and formal dining areas and spacious kitchens. The property also includes a full basement, separate utilities, a detached garage, and a driveway. Public water and a shingle roof are noted. The 0.04-acre property occupies a corner lot in Perth Amboy, New Jersey.
Key Highlights
- Two‑story duplex with three bedrooms on each floor
- 2,126 square feet on a 0.04‑acre corner lot
- Full basement and separate utilities
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.
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Location Intelligence
Trade Area within ½ mile
1,825
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, a full basement, and driveway parking serve this two-story residential property.
Where is this duplex located?
The property is located at 221 State 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‑story duplex with three bedrooms on each floor; 2,126 square feet on a 0.04‑acre corner lot; Full basement and separate utilities
