3-Unit Multifamily
New
For Sale
$650,000
234 Hall Avenue, Perth Amboy, NJ 08861
The residential property accommodates three households in one building.
Property Size2,998 SF
Price / SF$216.81
Days on Market5
Property Features for 234 Hall Avenue
General Information
Standard status
Active
Size
2,998 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
J.J. ELEK REALTY CO.
Listed By:
JEFFREY C. STEUBER
(908) 216-7041
Source:
Actionplusrealty
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 3 at 2:39PM
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 J.J. ELEK REALTY CO.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-family property contains 2,998 square feet and was built in 1900. It is located at 234 Hall Avenue in Perth Amboy, New Jersey.
Key Highlights
- Three‑family residential property
- 2,998 square feet
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,175
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,500
$1.0M
Cap Rate 7%
$716,786
$716.8K
Cap Rate 9%
$557,500
$557.5K
Market Conditions
NOI Build-Up for 2,998 SF
Gross rent
$76.6K $25.56/SF
− Vacancy
−$5.0K −$1.65/SF
EGI
$71.7K $23.91/SF
− OpEx
−$21.5K −$7.17/SF
NOI
$50.2K $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%
$1,003,500
Cap Rate 7%
$716,786
Cap Rate 9%
$557,500
Alternative Uses
Best Use
Multifamily LT 5
$716.8K
$627.2K – $836.3K
NOI $50,175 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$658.6K
$576.3K – $768.4K
NOI $46,103 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$782.8K
$685.0K – $913.3K
NOI $54,799 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,295
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The residential property accommodates three households in one building.
Where is this triplex located?
The property is located at 234 Hall Avenue Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑family residential property; 2,998 square feet; Built in 1900
