Two-Unit Duplex with New
For Sale
$720,000
31 Edwin St, Carteret, NJ 07008
One residence features updated appliances, central air conditioning, and a Jacuzzi tub.
Property Size1,736 SF
Price / SF$414.75
Days on Market107
Property Features for 31 Edwin St
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1916
Buildings
1
Listing Agency:
CENTURY 21 MAIN STREET REALTY
Listed By:
SABA RIZVI
(732) 750-4663
Source:
Luminancerealty
Added: Jul 3
Changed: Oct 16
Last Checked: Oct 6 at 12:40AM
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 CENTURY 21 MAIN STREET REALTY
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 1,736-square-foot duplex contains two separate residences. The first-floor unit has two bedrooms, a living room, an updated kitchen with stainless steel appliances, a full bathroom with a Jacuzzi tub, and central air conditioning. The upper unit includes two bedrooms, a kitchen, and a full bathroom, and is currently rented.
A new roof adds a recent major improvement, while the large lot provides outdoor space for occupants and guests. The property is near shopping, schools, major highways, NYC bus service, and planned NYC ferry access. Its two-unit configuration supports both rental use and owner occupancy, as described in the property information.
A new roof adds a recent major improvement, while the large lot provides outdoor space for occupants and guests. The property is near shopping, schools, major highways, NYC bus service, and planned NYC ferry access. Its two-unit configuration supports both rental use and owner occupancy, as described in the property information.
Key Highlights
- Two‑unit duplex totaling 1,736 square feet
- First‑floor residence includes 2 bedrooms and an updated kitchen
- Stainless steel appliances, central air conditioning, and Jacuzzi tub on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,054
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,080
$581.1K
Cap Rate 7%
$415,057
$415.1K
Cap Rate 9%
$322,822
$322.8K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$44.4K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.5K $23.91/SF
− OpEx
−$12.5K −$7.17/SF
NOI
$29.1K $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%
$581,080
Cap Rate 7%
$415,057
Cap Rate 9%
$322,822
Alternative Uses
Best Use
Multifamily LT 5
$415.1K
$363.2K – $484.2K
NOI $29,054 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$381.4K
$333.7K – $444.9K
NOI $26,696 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$453.3K
$396.6K – $528.9K
NOI $31,731 @ 7.0% cap · market cap 4.41%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 07008, NJ
25,342
Population
8,717
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
5,760
Density / Sq Mi
$87,712
Median Household Income
$42,770
Median Earnings
$2,012
Median Rent
$370,100
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 - One residence features updated appliances, central air conditioning, and a Jacuzzi tub.
Where is this duplex located?
The property is located at 31 Edwin St Carteret, NJ.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,736 square feet; First‑floor residence includes 2 bedrooms and an updated kitchen; Stainless steel appliances, central air conditioning, and Jacuzzi tub on the first floor
