Renovated Duplex Income
224-228 Westervelt Avenue North Plainfield, NJ 07060
224-228 Westervelt Avenue, North Plainfield, NJ, 07060
$825,000
For Sale
$825,000
Duplex with newer kitchens and baths, plus recent roof, water heater, and furnace replacements.
Property Size3,724 SF
Price / SF$221.54
Days on Market282
Property Features for 224-228 Westervelt Avenue
General Information
- Standard status
- Active
- Size
- 3,724 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1958
Listing agency
JACK PEDERSEN REALTY
(908) 755-8300
Listed by
LAURA C. TSOUNIS
Source
Compass
Added: Oct 14, 2025 Updated: Jul 22 at 5:52PM Checked: Jul 22 at 5:52PM
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 JACK PEDERSEN REALTY
Investment Insights
Based on property information with market context.
This duplex income property features newer kitchens and baths, along with recent capital updates including a newer roof, water heater, and furnaces. The improvements support a well-maintained residential income configuration.
The property is located at 224-228 Westervelt Avenue in North Plainfield, NJ 07060. It is presented for sale.
With a combination of interior upgrades and key mechanical and exterior replacements, the duplex offers a streamlined option for buyers seeking a more recently updated residential income asset.
The property is located at 224-228 Westervelt Avenue in North Plainfield, NJ 07060. It is presented for sale.
With a combination of interior upgrades and key mechanical and exterior replacements, the duplex offers a streamlined option for buyers seeking a more recently updated residential income asset.
Key Highlights
- Duplex with 2 levels and a full basement
- 7 bedrooms
- Newer kitchens and baths
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.2k | $25.56 |
| − Vacancy | −$6.1k | −$1.65 |
| EGI | $89.0k | $23.91 |
| − OpEx | −$26.7k | −$7.17 |
| NOI | $62.3k | $16.74 |
3,724 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$890.4K
$779.1K – $1.04M
NOI $62,326 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$818.1K
$715.9K – $954.5K
NOI $57,268 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$972.4K
$850.9K – $1.13M
NOI $68,069 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with newer kitchens and baths, plus recent roof, water heater, and furnace replacements.
Where is this duplex located?
The property is located at 224-228 Westervelt Avenue North Plainfield, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Duplex with 2 levels and a full basement; 7 bedrooms; Newer kitchens and baths
