Two-Family Residential Income
291 New Road Monmouth Junction, NJ 08852
For Sale
$799,000
Pending
MULTI_FAMILY - Monmouth Junction, NJ
Property Size4,006 SF
Lot Size0.73 Acres
Days on Market51
Property Features for 291 New Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
5
Rooms
Bedroom 4, Bathroom 5, Bedroom 2, Bedroom 6, Bedroom 5, Basement, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 7, Bathroom 1
Parking features
Driveway, Off Street
Fireplace
1
Standard status
Pending
APN
21-00084-04-00017-101
Size
4,006 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11728
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Zoned
Building Details
Year built
1943
Number of units
2
Roof type
Shingle
Listing Agency:
Coldwell Banker Realty
(732) 462-4242
Listed By:
Joseph Gerber · License #1862374
(732) 462-4242
Added: Jun 8
Changed: Jul 24
Last Checked: Jul 28 at 6:06PM
MLS# 22617192
Copyright © 2026 More MLS. 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 two-family residential duplex offers two separate units within one property. The main residence includes three bedrooms on the first floor, an eat-in kitchen, a laundry room, an inviting living room, and a cozy fireplace. Upstairs, the private primary suite features a generously sized bedroom, a full bath, a walk-in wardrobe/dressing room, and a versatile bonus area that can function as a home office. The home also includes a private deck that overlooks the backyard.
The second unit has its own separate rear entrance and includes three bedrooms and a living room, creating flexible options for extended family or guests, or for rental income. The property is located at 291 New Road in Monmouth Junction, New Jersey, within Middlesex County.
The photos have been digitally decluttered.
The second unit has its own separate rear entrance and includes three bedrooms and a living room, creating flexible options for extended family or guests, or for rental income. The property is located at 291 New Road in Monmouth Junction, New Jersey, within Middlesex County.
The photos have been digitally decluttered.
Key Highlights
- Northeast‑facing two‑family home with a main residence and a separate second unit
- Main residence includes 3 bedrooms on the first floor plus an eat‑in kitchen, laundry room, living room, and fireplace
- Upstairs main unit features a private primary suite with a full bath, walk‑in wardrobe/dressing room, and bonus area
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 | $102.4k | $25.56 |
| − Vacancy | −$6.6k | −$1.65 |
| EGI | $95.8k | $23.91 |
| − OpEx | −$28.7k | −$7.17 |
| NOI | $67.0k | $16.74 |
4,006 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$957.8K
$838.1K – $1.12M
NOI $67,045 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$880.1K
$770.1K – $1.03M
NOI $61,604 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$1.05M
$915.3K – $1.22M
NOI $73,223 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Northeast-facing two-unit home with separate rear entrance for the second unit and a private deck overlooking the backyard.
Where is this duplex located?
The property is located at 291 New Road Monmouth Junction, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Northeast‑facing two‑family home with a main residence and a separate second unit; Main residence includes 3 bedrooms on the first floor plus an eat‑in kitchen, laundry room, living room, and fireplace; Upstairs main unit features a private primary suite with a full bath, walk‑in wardrobe/dressing room, and bonus area
