Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Perth Amboy Multifamily Property Title is generated by Realmo AI

    305 Meredith Street, Perth Amboy, NJ 08861

    View on Map
    Claim this Listing
    Picture of Duplexes at 305 Meredith Street, Perth Amboy, NJ
    For Sale
    Under Contract
    $525,000

    MULTI_FAMILY - Perth Amboy, NJ

    Property size:
    1,440 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $364/SF
    Added:
    Apr 10, 2026
    Days on Market:
    34
    Last Refresh:
    May 13 at 11:06 am

    Property Features for 305 Meredith Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-50
    Bathrooms
    2
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Parking features
    Garage
    Patio and Porch features
    Porch
    Interior features
    Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room)
    Exterior features
    Porch
    Appliances
    Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven)
    Standard status
    Active Under Contract
    APN
    1600334000000026
    Size
    1,440 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6821

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1929
    Floors in Building
    2
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Jisel Perez

    Listing agent Jisel Perez

    Listing office J.J. ELEK REALTY CO. 117 MAIN STREET, Woodbridge, NJ

    Listing date Apr 10, 2026

    MLS# 2613751R Listing URL

    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.

    HighLights

    • Two separate living units each featuring 2 bedrooms, kitchen, 1 bath, and living room
    • Garage parking
    • Located in the Historic City of Perth Amboy
    • Close to public schools, local businesses, and major highways
    • Vinyl siding exterior
    • Porch

    Overview

    This two-family property is located in the historic city of Perth Amboy. The property is near public schools, local businesses, and major highways. The property is owner-occupied. The lot size is 0.0574 acres. The property size is 1440 square feet. The zoning is R-50.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2709329
    Latitude
    40.5217699

    Nearby Similar for Sale

    • $675,000
      2,600 SF

      Corner Commercial Investment Opportunity

      Fully occupied commercial building in Perth Amboy business corridor.
      591 New Brunswick Avenue, Perth Amboy, NJ 08861
      View Details
    • $2,600
      5,768 SF

      Perth Amboy Office/Medical Space

      1,191 SF office/medical space in Perth Amboy, NJ.
      613 Amboy Avenue, Perth Amboy, NJ 08861
      View Details
    • $300,000
      2,800 SF

      Established Mini-Market For Sale

      Long-time established mini-market for sale with equipment and inventory.
      432 State Street, Perth Amboy, NJ 08861
      View Details
    • $140,000
      7,920 SF

      Established Grocery Store Opportunity

      Turn-key grocery store with proven performance in high-traffic location.
      238 New Brunswick Avenue, Perth Amboy, NJ 08861
      View Details
    • $18
      6,060 SF

      Retail Space in Perth Amboy

      Retail space available for sale in Perth Amboy, NJ.
      100 W Pond Road, Perth Amboy, NJ 08861
      View Details
    • $2,500
      4,496 SF

      Perth Amboy Commercial Space

      High-visibility commercial space suitable for retail or office use.
      653 New Brunswick Avenue, Perth Amboy, NJ 08861
      View Details
    • $4,500
      2,767 SF

      Perth Amboy Commercial Storefront Unit

      Versatile storefront unit ideal for retail or office use.
      287 New Brunswick Avenue unit: 287, Perth Amboy, NJ 08861
      View Details
    • $999,999
      3,200 SF

      Commercial Property in Perth Amboy

      Commercial property for sale in Perth Amboy, New Jersey.
      85 Smith Street, Perth Amboy, NJ 08861
      View Details
    • $699,999
      2,302 SF

      Two-Family Home with Garages

      Two-family home near waterfront with attached garages and balconies.
      55 Smith St, Perth Amboy City, NJ 08861-4425
      View Details
    • $2,200
      976 SF

      Perth Amboy Commercial Storefront Unit

      Versatile storefront or office space on a main street.
      287 New Brunswick Avenue unit: 291, Perth Amboy, NJ 08861
      View Details
    • $3,500
      1,900 SF

      Corner Commercial Unit in Perth

      Move-in ready retail space with high visibility and parking.
      188 Market Street, Perth Amboy, NJ 08861
      View Details
    • $1,075,000
      2,868 SF

      Perth Amboy Multi-Family Investment

      High-yield 3-family property with income-generating units and garages.
      361 Prospect Street, Perth Amboy, NJ 08861
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family property in Perth Amboy, close to schools and highways.
    Where is this duplex located?
    The property is located at 305 Meredith Street Perth Amboy, NJ.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Two separate living units each featuring 2 bedrooms, kitchen, 1 bath, and living room; Garage parking; Located in the Historic City of Perth Amboy
    (732) 596-2118
    We can help!
    Listing Contact
    Jisel Perez
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    305 Meredith Street, Perth Amboy, NJ 08861
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!