Two-Story Duplex with Detached
224 N 9th Avenue, Manville, NJ 08835
For Sale
$449,000
Pending
Hardwood floors and separate living and dining areas shape the interior, with a gated driveway leading to the garage.
Property Size1,920 SF
Lot Size0.17 Acres
Days on Market10
Property Features for 224 N 9th Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Unit 1(2 Bedrooms
1 Bath
See Remarks)
Unit 2(2 Bedrooms
Building Details
Building Size
Year Built
Stories
Listing Agency:
HOUSEMART REALTY LLC
Listed By:
Anthony C. Jankowski · License #9332889
(732) 740-9400
Source:
Lacerdarealtors
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 8 at 3:55AM
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 HOUSEMART REALTY LLC
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Investment Insights
Based on property information with market context.
This two-story duplex contains 1,920 square feet of living space on a 75-by-100-foot lot. Built in 1945, the interior has hardwood floors and separate living and dining areas, with rooms arranged across both levels. The kitchen has gas-range cooking, standard cabinetry, and tile flooring. Bedrooms are located on the main and upper levels.
A deep paved driveway passes through a gate to a detached two-car garage, offering off-street parking and additional storage. The property is in Manville Borough near Dukes Parkway Park, local amenities, and major transportation routes.
A deep paved driveway passes through a gate to a detached two-car garage, offering off-street parking and additional storage. The property is in Manville Borough near Dukes Parkway Park, local amenities, and major transportation routes.
Key Highlights
- 1,920 square feet of living space
- 75‑by‑100‑foot lot in Manville Borough
- Two‑story building constructed in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,402
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,040
$548.0K
Cap Rate 7%
$391,457
$391.5K
Cap Rate 9%
$304,467
$304.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$41.5K $21.60/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$39.1K $20.39/SF
− OpEx
−$11.7K −$6.12/SF
NOI
$27.4K $14.27/SF
Area
Somerset County, NJ
Vacancy
5.61%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,040
Cap Rate 7%
$391,457
Cap Rate 9%
$304,467
Alternative Uses
Best Use
Multifamily LT 5
$391.5K
$342.5K – $456.7K
NOI $27,402 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$340.7K
$298.1K – $397.5K
NOI $23,849 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$501.4K
$438.7K – $584.9K
NOI $35,095 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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Business Placement
Demographics for 08835, NJ
10,953
Population
4,538
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
2.3 sq mi
ZIP Area
4,762
Density / Sq Mi
$93,872
Median Household Income
$45,559
Median Earnings
$1,837
Median Rent
$321,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Somerset County, NJ
Properties on Market for Duplexes in Somerset County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Hardwood floors and separate living and dining areas shape the interior, with a gated driveway leading to the garage.
Where is this duplex located?
The property is located at 224 N 9th Avenue Manville, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,920 square feet of living space; 75‑by‑100‑foot lot in Manville Borough; Two‑story building constructed in 1945
