Turnkey Two-Family Income
261 West Main Street Bound Brook, NJ 08805
261 West Main Street, Bound Brook, NJ, 08805
$550,000
For Sale
$550,000
Two-family home with in-unit laundry, dedicated parking, and recent updates including new hot water heaters.
Property Size1,100 SF
Price / SF$500
Days on Market119
Property Features for 261 West Main Street
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Multi Family / Duplex-Side by Side
Building Details
- Year Built
- 1895
Listing agency
REAL
(855) 450-0442
Listed by
DEBORAH MCLAIN · License #303661
(855) 450-0442
Source
Compass
Added: Mar 26 Updated: Jul 22 at 3:41AM Checked: Jul 22 at 3:41AM
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 REAL
Investment Insights
Based on property information with market context.
This well-maintained, turnkey two-family home is configured for separate living with dedicated parking for each unit. Unit 1 includes one bedroom and one full bathroom, along with in-unit laundry, a living room, and an eat-in kitchen. Unit 2 offers two bedrooms and 1.5 bathrooms with in-unit laundry, a kitchen, and a spacious living and dining area. Both units include updated bathrooms, and recent improvements include two new hot water heaters and a freshly painted exterior.
The property is located on West Main Street in Bound Brook, with access to the Bound Brook train station and major highways, as well as shopping and dining nearby.
Outside, the home features a large backyard suitable for outdoor use. Unit 1 is leased through August, while Unit 2 is on a month-to-month basis.
The property is located on West Main Street in Bound Brook, with access to the Bound Brook train station and major highways, as well as shopping and dining nearby.
Outside, the home features a large backyard suitable for outdoor use. Unit 1 is leased through August, while Unit 2 is on a month-to-month basis.
Key Highlights
- Well‑maintained two‑family home with 1BR/1BA and 2BR/1.5BA units
- Unit 1 has in‑unit laundry and is leased at $1,750/month through August
- Unit 2 has in‑unit laundry and is rented at $2,700/month on a month‑to‑month basis
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 | $23.8k | $21.60 |
| − Vacancy | −$1.3k | −$1.21 |
| EGI | $22.4k | $20.39 |
| − OpEx | −$6.7k | −$6.12 |
| NOI | $15.7k | $14.27 |
1,100 SF · lease $21.60/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$224.3K
$196.2K – $261.7K
NOI $15,699 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$195.2K
$170.8K – $227.7K
NOI $13,663 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with in-unit laundry, dedicated parking, and recent updates including new hot water heaters.
Where is this duplex located?
The property is located at 261 West Main Street Bound Brook, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Well‑maintained two‑family home with 1BR/1BA and 2BR/1.5BA units; Unit 1 has in‑unit laundry and is leased at $1,750/month through August; Unit 2 has in‑unit laundry and is rented at $2,700/month on a month‑to‑month basis
