Two-Family Duplex with Oversized
301-325 Division Street, Boonton, NJ 07005
Well-maintained two-family home featuring two-bedroom layouts, hardwood floors, and central heating and air conditioning in each unit.
Type:Industrial
Property size:
52,000 SFLot size:
5,624.00 AcresPrice / SF:
$288/SF- Added:
- Jun 17, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 24 at 4:33 am
Property Features for 301-325 Division Street
General Information
- Standard status
- Active
- Size
- 52,000 SF
- Lot size
- 5,624.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1973
Listing office Cervelli Real Estate & Property Management
Listing date Jun 17, 2026
Source Crexi
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 Cervelli Real Estate & Property Management
HighLights
- Two‑family home built in 1973 on a 5,624 SF lot
- Each unit has 2 bedrooms and 1 full bathroom
- Newer central heating and air conditioning in each unit
- Hardwood floors throughout the units
- High‑and‑dry basement with ample storage potential
- Upgraded electrical service plus an oversized garage
Overview
This well-maintained two-family duplex sits on a generous 5,624 SF lot and is designed for straightforward living and easy management. Each apartment offers 2 bedrooms and 1 full bathroom, with hardwood floors throughout. The first-floor unit includes a welcoming front porch. The property also features an oversized garage and a high-and-dry basement, providing additional storage capacity. System and infrastructure updates include upgraded electrical service and a newer central heating and air conditioning setup, supporting reliable year-round comfort.
The property is located at 301-325 Division Street in Boonton, NJ, in a desirable residential neighborhood. Its residential placement supports both owner-occupants and renters looking for a familiar day-to-day setting.
With identical unit layouts, the building can simplify occupancy and leasing for an investor, while also working well for an owner-occupant who wants space and rental income potential. The combination of in-unit central HVAC, hardwood flooring, and a functional basement and oversized garage make it practical for long-term use and everyday convenience. For buyers seeking a clean, upgrade-supported two-family property, this one is worth a closer look.
The property is located at 301-325 Division Street in Boonton, NJ, in a desirable residential neighborhood. Its residential placement supports both owner-occupants and renters looking for a familiar day-to-day setting.
With identical unit layouts, the building can simplify occupancy and leasing for an investor, while also working well for an owner-occupant who wants space and rental income potential. The combination of in-unit central HVAC, hardwood flooring, and a functional basement and oversized garage make it practical for long-term use and everyday convenience. For buyers seeking a clean, upgrade-supported two-family property, this one is worth a closer look.
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 | $1.33M | $25.56 |
| − Vacancy | −$85.9k | −$1.65 |
| EGI | $1.24M | $23.91 |
| − OpEx | −$373.0k | −$7.17 |
| NOI | $870.3k | $16.74 |
52,000 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$12.43M
$10.88M – $14.50M
NOI $870,281 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$11.42M
$10.00M – $13.33M
NOI $799,656 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$13.58M
$11.88M – $15.84M
NOI $950,477 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Boonton
- County
- Morris
- State
- New Jersey
- Longitude
- -74.4049407
- Latitude
- 40.9054015
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family home featuring two-bedroom layouts, hardwood floors, and central heating and air conditioning in each unit.
Where is this duplex located?
The property is located at 301-325 Division Street Boonton, NJ.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Two‑family home built in 1973 on a 5,624 SF lot; Each unit has 2 bedrooms and 1 full bathroom; Newer central heating and air conditioning in each unit
