Side-by-Side
For Sale
$649,000
Pending
27-29 Fisher Ave, Bound Brook, NJ 08805
Multi-Family, 2-Two Story, Duplex-Side by Side, Bound Brook Boro, NJ
Property Size1,904 SF
Lot Size0.11 Acres
Days on Market144
Property Features for 27-29 Fisher Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Basement, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1
Parking
4
Patio and Porch features
Patio
Interior features
Carbon Monoxide Detector, Vinyl-Linoleum Floors
Exterior features
Patio
Directions
Rt28 to Vosseller Ave to Pine to Fisher
Standard status
Pending
Size
1,904 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8331
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
private back yard
shed
patio area
washer and dryer hook ups
full basement
Building Details
Year built
1975
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX INNOVATION · RE/MAX International
(732) 298-6006
Listed By:
RICHARD BAJADA
(732) 259-3522
Added: Apr 1
Changed: Aug 19
Last Checked: Aug 22 at 10:06AM
MLS# 4018054
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.
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two bedrooms on each side, with Unit 1 owner occupied and Unit 2 tenant occupied. Unit 1 includes 1.5 baths, a living room, and a large eat-in kitchen-dining area, with laminate flooring throughout. Each unit has a full basement with plenty of storage and washer and dryer hook-ups. Unit 2 features an eat-in kitchen, living room, and one full bathroom.
The property has separate driveways for each side of the house, along with a private back yard with a shed and patio area. Heating is forced air. Furnaces were updated about 7 years ago, and the roof is approximately 15 years old. Public water and public sewer services are provided.
Built in 1975, the duplex includes a patio and a shingle roof, with vinyl-linoleum floors noted among the interior features and carbon monoxide detector included.
The property has separate driveways for each side of the house, along with a private back yard with a shed and patio area. Heating is forced air. Furnaces were updated about 7 years ago, and the roof is approximately 15 years old. Public water and public sewer services are provided.
Built in 1975, the duplex includes a patio and a shingle roof, with vinyl-linoleum floors noted among the interior features and carbon monoxide detector included.
Key Highlights
- Side‑by‑side duplex with two bedrooms on each side
- Unit 1 owner occupied; Unit 2 tenant occupied
- Full basements in each unit with washer and dryer hook‑ups
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,460
$543.5K
Cap Rate 7%
$388,186
$388.2K
Cap Rate 9%
$301,922
$301.9K
Market Conditions
NOI Build-Up for 1,904 SF
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.
Gross rent
$41.1K $21.60/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$38.8K $20.39/SF
− OpEx
−$11.6K −$6.12/SF
NOI
$27.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,460
Cap Rate 7%
$388,186
Cap Rate 9%
$301,922
Alternative Uses
Best Use
Multifamily LT 5
$388.2K
$339.7K – $452.9K
NOI $27,173 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$337.9K
$295.6K – $394.2K
NOI $23,650 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$497.2K
$435.0K – $580.0K
NOI $34,802 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 08805, NJ
13,948
Population
5,524
Households
2.5
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
4,810
Density / Sq Mi
$84,201
Median Household Income
$41,874
Median Earnings
$1,859
Median Rent
$393,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with two bedrooms per unit, basements, separate driveways, and public utilities in Bound Brook.
Where is this duplex located?
The property is located at 27-29 Fisher Ave Bound Brook, NJ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two bedrooms on each side; Unit 1 owner occupied; Unit 2 tenant occupied; Full basements in each unit with washer and dryer hook‑ups
