Two-Story Duplex with Detached
For Sale
$449,000
Pending
224 N 9th Avenue, Manville, NJ 08835
Multi-Family, Manville, NJ
Property Size1,920 SF
Lot Size0.17 Acres
Days on Market73
Property Features for 224 N 9th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Middle school
Manville
High school
Manville
Directions
9th Street between Knopf Street and Louis Street.
Standard status
Pending
APN
11-00028-0000-00011
Size
1,920 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9624
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1945
Floors in Building
2
Number of units
2
Listing Agency:
Housemart Realty, LLC
(732) 740-9400
Listed By:
Anthony C Jankowski · License #9332889
(732) 462-2222
Added: Aug 2
Changed: Oct 8
Last Checked: Oct 13 at 11:06AM
MLS# 22623744
Copyright © 2026 More MLS. 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 two-story duplex at 224 N 9th Avenue provides 1,920 square feet of living space on a 0.17-acre lot. Built in 1945, the property includes hardwood flooring, separate living and dining areas, and bedrooms arranged across both levels. The kitchen has a gas range, standard cabinetry, and tile flooring. A basement, two bathrooms, and four bedrooms are included in the room configuration.
Exterior features include a deep paved driveway that extends through a gated fence to a detached two-car garage. The garage adds covered parking and storage capacity. The property is served by public water and public sewer and is located near Dukes Parkway Park, local amenities, and major transportation routes in Manville, New Jersey.
Exterior features include a deep paved driveway that extends through a gated fence to a detached two-car garage. The garage adds covered parking and storage capacity. The property is served by public water and public sewer and is located near Dukes Parkway Park, local amenities, and major transportation routes in Manville, New Jersey.
Key Highlights
- 1,920‑square‑foot two‑story duplex on a 0.17‑acre lot
- Four bedrooms and two bathrooms across both levels
- Detached two‑car garage with paved driveway
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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Current Use
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex with hardwood floors, separate living and dining areas, a gated driveway, and public utilities.
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‑foot two‑story duplex on a 0.17‑acre lot; Four bedrooms and two bathrooms across both levels; Detached two‑car garage with paved driveway
