Renovated Two-Unit
For Sale
$849,000
309 S 2nd Avenue S, Highland Park, NJ 08904
Residential Income, Highland Park, NJ
Property Size2,292 SF
Lot Size0.19 Acres
Price / SF$370.42
Days on Market52
Property Features for 309 S 2nd Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Buyer Should Verify
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Basement, Den, Bathroom 2, Dining Room, Bathroom 3
Parking features
Garage
Interior features
Unit 1(Dining Room, 4 Bedrooms, Kitchen, Living Room, 2+ Baths, Den/Family Room), Unit 2(1 Bedroom, Kitchen, 1 Bath)
Exterior features
Sidewalk, Yard
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Lot features
Near Shopping, Near Train, Near Public Transit
Directions
Raritan to S 2nd Ave
Standard status
Active
APN
0702302000000014
Size
2,292 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
13234
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Hot Water(Heating), Other (Heating)
Cooling system
Heat Pump, Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Building materials
Wood Siding
Roof type
Flat, Asphalt
Listing Agency:
BEST REALTY · RE/MAX International
(732) 819-8895
Listed By:
Bruce Parker · License #9482948
(908) 202-5738
Added: Sep 14
Changed: Oct 30
Last Checked: Nov 4 at 1:06PM
MLS# 2704462R
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 2,292-square-foot duplex on a 0.1882-acre lot contains a four-bedroom, two-bath main residence and a separate one-bedroom apartment. Renovations include new kitchens in both units, updated bathrooms, new flooring and lighting throughout the main home, and new kitchen and bathroom finishes in the apartment. The main kitchen has a center island, stone countertops, and new cabinetry. A full basement has interior and exterior access, and the property also includes a yard and driveway. The home was built in 1940.
Heating includes central HVAC and gas-fired hot-water radiators. Public water and sewer serve the property. Shopping, restaurants, banking, the post office, and Donaldson Park are described as a few blocks away; Rutgers University's College Avenue Campus and train stations in New Brunswick and Edison are also nearby.
Heating includes central HVAC and gas-fired hot-water radiators. Public water and sewer serve the property. Shopping, restaurants, banking, the post office, and Donaldson Park are described as a few blocks away; Rutgers University's College Avenue Campus and train stations in New Brunswick and Edison are also nearby.
Key Highlights
- Two living spaces: a four‑bedroom main residence and a separate one‑bedroom apartment
- 2,292 square feet on a 0.1882‑acre lot
- Renovated kitchens in both units; main kitchen includes an island and stone countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,359
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,180
$767.2K
Cap Rate 7%
$547,986
$548.0K
Cap Rate 9%
$426,211
$426.2K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$58.6K $25.56/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$54.8K $23.91/SF
− OpEx
−$16.4K −$7.17/SF
NOI
$38.4K $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%
$767,180
Cap Rate 7%
$547,986
Cap Rate 9%
$426,211
Alternative Uses
Best Use
Multifamily LT 5
$548.0K
$479.5K – $639.3K
NOI $38,359 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$503.5K
$440.6K – $587.4K
NOI $35,246 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$598.5K
$523.7K – $698.2K
NOI $41,894 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 08904, NJ
15,072
Population
6,858
Households
2.2
Avg Household Size
36
Median Age
70%
College-Educated
94%
High-School Grad
1.8 sq mi
ZIP Area
8,373
Density / Sq Mi
$101,991
Median Household Income
$58,786
Median Earnings
$1,881
Median Rent
$463,600
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 - The property pairs a four-bedroom main residence with a separate apartment, offering two distinct living spaces.
Where is this duplex located?
The property is located at 309 S 2nd Avenue S Highland Park, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two living spaces: a four‑bedroom main residence and a separate one‑bedroom apartment; 2,292 square feet on a 0.1882‑acre lot; Renovated kitchens in both units; main kitchen includes an island and stone countertops
