Duplex with Detached
For Sale
Under Contract
$494,900
3 E High Street E, Bound Brook, NJ 08805
Residential Income, Bound Brook, NJ
Property Size1,674 SF
Lot Size0.16 Acres
Price / SF$295.64
Days on Market67
Property Features for 3 E High Street E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Zoning description
Conform to Zoning
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Parking features
Garage
Patio and Porch features
Porch
Interior features
Unit 1(1 Bedroom, Kitchen, Living Room), Unit 2(1 Bedroom, Kitchen, Living Room)
Exterior features
Porch
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Lot features
Corner Lot
Elementary school district
Bound Brook Borough School Dis
Middle school district
Bound Brook Borough School Dis
High school district
Bound Brook Borough School Dis
Directions
RT 28 to Church street to East High street
Standard status
Active Under Contract
APN
0400049000000009
Size
1,674 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9241
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Forced Air
Cooling system
Window Unit(s), Ceiling Fan(s), Wall Unit(s)
Water source
Public
Amenities
backyard
patio
shared laundry
basement storage
attic storage
bonus room
Building Details
Year built
1857
Floors in Building
2
Building materials
Metal Siding
Listing Agency:
MASTER KEY REALTORS
(732) 629-7111
Listed By:
Bruce Mcdonald
(732) 213-4555
Added: Aug 11
Changed: Oct 8
Last Checked: Oct 16 at 1:06AM
MLS# 2702571R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,674-square-foot duplex contains two apartments, each arranged with one bedroom, a kitchen, and a living room. The first-floor residence connects to the backyard and patio and has basement storage. The upper apartment has attic access and an additional bonus room. Laundry facilities in the basement serve both units. A detached garage is also part of the property and is separately rented. The building dates to 1857 and sits on a 0.1601-acre lot.
The property is in Bound Brook, near downtown, the train station, restaurants, and shopping. Route 22 and Route 287 are also nearby. Both apartments are tenant-occupied, and the property is offered in its current condition. Zoning is R4.
The property is in Bound Brook, near downtown, the train station, restaurants, and shopping. Route 22 and Route 287 are also nearby. Both apartments are tenant-occupied, and the property is offered in its current condition. Zoning is R4.
Key Highlights
- Two occupied one‑bedroom apartments, each with a kitchen and living room
- 1,674 square feet on a 0.1601‑acre lot
- Detached garage is separately rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,891
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,820
$477.8K
Cap Rate 7%
$341,300
$341.3K
Cap Rate 9%
$265,456
$265.5K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$36.2K $21.60/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$34.1K $20.39/SF
− OpEx
−$10.2K −$6.12/SF
NOI
$23.9K $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 Rate 5%
$477,820
Cap Rate 7%
$341,300
Cap Rate 9%
$265,456
Alternative Uses
Best Use
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$297.0K
$259.9K – $346.6K
NOI $20,793 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$437.1K
$382.5K – $510.0K
NOI $30,598 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
913
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both one-bedroom apartments are occupied, with shared laundry facilities in the basement.
Where is this duplex located?
The property is located at 3 E High Street E Bound Brook, NJ.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Two occupied one‑bedroom apartments, each with a kitchen and living room; 1,674 square feet on a 0.1601‑acre lot; Detached garage is separately rented
