Two-Family Duplex with Private
For Sale
$580,000
27 Thomas St, South River, NJ 08882
Two residential units with separate outdoor access and a newly constructed two-car garage on a fully fenced lot.
Property Size1,615 SF
Price / SF$359.13
Days on Market95
Property Features for 27 Thomas St
General Information
Standard status
Active
Size
1,615 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Amenities
private balcony
finished attic
dedicated laundry room
backyard access
vinyl privacy fence
two car garage
spacious outdoor area
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
PROMINENT PROPERTIES SIR
Listed By:
ALEXANDER FAYN · License #10401321891
(347) 724-6393
Source:
Mynewjerseyrealestate
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 26 at 8:01PM
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 PROMINENT PROPERTIES SIR
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Investment Insights
Based on property information with market context.
27 Thomas St is a well-maintained two-family duplex featuring two separate one-bedroom, one-bath residences within a single property. The first-floor unit includes direct access to the backyard and a dedicated laundry room. The second unit is a duplex-style one-bedroom, one-bath home with a private balcony and a finished attic that adds additional usable space.
The property sits on a large lot enclosed by a brand-new 6-foot vinyl privacy fence. A newly constructed two-car garage provides additional improvements and potential utility for the property’s occupants. Outdoor space includes room for everyday use and entertaining.
Conveniently located in South River, NJ, the home is described as being near shopping, dining, schools, and major highways, offering easy commuting access. The bike score is 53 and the walk score is 71.
The property sits on a large lot enclosed by a brand-new 6-foot vinyl privacy fence. A newly constructed two-car garage provides additional improvements and potential utility for the property’s occupants. Outdoor space includes room for everyday use and entertaining.
Conveniently located in South River, NJ, the home is described as being near shopping, dining, schools, and major highways, offering easy commuting access. The bike score is 53 and the walk score is 71.
Key Highlights
- 1910‑built two‑family home with two separate residential units in South River, NJ
- First‑floor 1 bed, 1 bath unit with direct backyard access and a dedicated laundry room
- Second unit is a duplex‑style 1 bed, 1 bath with a private balcony and a finished attic for extra living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,029
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,580
$540.6K
Cap Rate 7%
$386,129
$386.1K
Cap Rate 9%
$300,322
$300.3K
Market Conditions
NOI Build-Up for 1,615 SF
Gross rent
$41.3K $25.56/SF
− Vacancy
−$2.7K −$1.65/SF
EGI
$38.6K $23.91/SF
− OpEx
−$11.6K −$7.17/SF
NOI
$27.0K $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%
$540,580
Cap Rate 7%
$386,129
Cap Rate 9%
$300,322
Alternative Uses
Best Use
Multifamily LT 5
$386.1K
$337.9K – $450.5K
NOI $27,029 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$354.8K
$310.4K – $413.9K
NOI $24,835 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
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Business Placement
Demographics for 08882, NJ
16,118
Population
5,789
Households
2.8
Avg Household Size
39
Median Age
31%
College-Educated
86%
High-School Grad
2.8 sq mi
ZIP Area
5,756
Density / Sq Mi
$101,853
Median Household Income
$51,323
Median Earnings
$1,599
Median Rent
$382,500
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?
Duplex - Two residential units with separate outdoor access and a newly constructed two-car garage on a fully fenced lot.
Where is this duplex located?
The property is located at 27 Thomas St South River, NJ.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 1910‑built two‑family home with two separate residential units in South River, NJ; First‑floor 1 bed, 1 bath unit with direct backyard access and a dedicated laundry room; Second unit is a duplex‑style 1 bed, 1 bath with a private balcony and a finished attic for extra living space
