Two-Unit Duplex with
For Sale
$650,000
Pending
255 Ohio St, Union, NJ 07083
Multi-Family, 3-Three Story, Union Twp., NJ
Property Size2,400 SF
Lot Size0.11 Acres
Days on Market50
Property Features for 255 Ohio St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Basement, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 5
Parking
7
Patio and Porch features
Porch
Interior features
Carbon Monoxide Detector, Carpeting, Fire Alarm Sys, Tile Floors, Track Lighting, Walk-In Closet, Wood Floors
Exterior features
Enclosed Porch(es), Partially Fenced, Storm Window(s)
Fencing
Partial
Directions
Laurel Ave to Ohio St
Standard status
Pending
Size
2,400 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8792
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Steam
Water source
Public
Building Details
Year built
1923
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
NJ REAL ESTATE BOUTIQUE LLC
Listed By:
MIKAELA ARPINO
(973) 866-5125
Added: Sep 8
Changed: Oct 27
Last Checked: Oct 27 at 8:06PM
MLS# 4051322
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 two-unit duplex at 255 Ohio Street provides 2,400 square feet of residential space on a 0.11-acre lot. The first-floor residence includes 2 bedrooms and 1 full bathroom, while the second unit offers 3 bedrooms and 2 full bathrooms. Separate living areas support an owner-occupant arrangement or continued use as a two-family property.
The basement was renovated in 2024 with a French drain and dual pumps, separate washer and dryer areas, separate storage, and newer water heaters installed in 2024. Additional features include wood and tile flooring, walk-in closets, a porch, an enclosed porch, and partial fencing. A 3 year old roof complements the exterior improvements.
Parking includes a long paved driveway completed in 2021, a two-car garage, and an attached carport. The property also has a backyard and public water and sewer. Route 22, Route 78, the Garden State Parkway, NJ Transit bus service, and Union Station’s Raritan Valley line are nearby, with access to New York City and surrounding areas.
The basement was renovated in 2024 with a French drain and dual pumps, separate washer and dryer areas, separate storage, and newer water heaters installed in 2024. Additional features include wood and tile flooring, walk-in closets, a porch, an enclosed porch, and partial fencing. A 3 year old roof complements the exterior improvements.
Parking includes a long paved driveway completed in 2021, a two-car garage, and an attached carport. The property also has a backyard and public water and sewer. Route 22, Route 78, the Garden State Parkway, NJ Transit bus service, and Union Station’s Raritan Valley line are nearby, with access to New York City and surrounding areas.
Key Highlights
- 2,400 square feet on a 0.11‑acre lot
- First‑floor unit with 2 bedrooms and 1 full bathroom
- Second unit with 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,167
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,340
$803.3K
Cap Rate 7%
$573,814
$573.8K
Cap Rate 9%
$446,300
$446.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$61.3K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$57.4K $23.91/SF
− OpEx
−$17.2K −$7.17/SF
NOI
$40.2K $16.74/SF
Area
Union 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%
$803,340
Cap Rate 7%
$573,814
Cap Rate 9%
$446,300
Alternative Uses
Best Use
Multifamily LT 5
$573.8K
$502.1K – $669.5K
NOI $40,167 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$527.2K
$461.3K – $615.1K
NOI $36,907 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$626.7K
$548.4K – $731.1K
NOI $43,868 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 07083, NJ
56,131
Population
20,792
Households
2.7
Avg Household Size
41
Median Age
41%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
6,452
Density / Sq Mi
$118,106
Median Household Income
$58,443
Median Earnings
$1,938
Median Rent
$425,600
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 - Two separate living spaces combine with an updated basement, multiple parking options, and a backyard.
Where is this duplex located?
The property is located at 255 Ohio St Union, 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: 2,400 square feet on a 0.11‑acre lot; First‑floor unit with 2 bedrooms and 1 full bathroom; Second unit with 3 bedrooms and 2 full bathrooms
