Two-Unit Duplex with Finished
For Sale
$655,000
319 Runyon Ave, Middlesex, NJ 08846
Each residence includes two bedrooms, a den, basement laundry and storage, and dedicated parking for two vehicles.
Property Size2,368 SF
Price / SF$276.60
Days on Market20
Property Features for 319 Runyon Ave
General Information
Standard status
Active
Size
2,368 SF
Total Parking Spaces
4
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$13,531
Amenities
front porch
deck
laundry area
storage
Building Details
Building Size
2,368 SF
Year Built
1935
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
ARELI ROSADO
(908) 766-0808
Source:
Tkregroupinc
Added: Oct 17
Changed: Nov 1
Last Checked: Nov 4 at 9:09AM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This 2,368-square-foot duplex, built in 1935, contains two units with matching layouts. Each has a living room, formal dining room, kitchen, two bedrooms, a den, one full bathroom, a finished attic, and a basement with laundry and storage. One unit also has a half bath on the main level; the other has an updated kitchen. Basement space in the second unit may be finished further.
Both residences share a deck overlooking the backyard, with an area for cookouts. Each unit has its own parking area with room for two vehicles. Bus service and a train station are a few minutes away, with routes 22 and 287 accessible nearby. Supermarkets and restaurants are also close by.
Both residences share a deck overlooking the backyard, with an area for cookouts. Each unit has its own parking area with room for two vehicles. Bus service and a train station are a few minutes away, with routes 22 and 287 accessible nearby. Supermarkets and restaurants are also close by.
Key Highlights
- Two‑unit duplex with matching two‑bedroom layouts
- 2,368 square feet; built in 1935
- Finished attic in each unit, plus den and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,631
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,620
$792.6K
Cap Rate 7%
$566,157
$566.2K
Cap Rate 9%
$440,344
$440.3K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$60.5K $25.56/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$56.6K $23.91/SF
− OpEx
−$17.0K −$7.17/SF
NOI
$39.6K $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%
$792,620
Cap Rate 7%
$566,157
Cap Rate 9%
$440,344
Alternative Uses
Best Use
Multifamily LT 5
$566.2K
$495.4K – $660.5K
NOI $39,631 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$520.2K
$455.2K – $606.9K
NOI $36,415 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$618.3K
$541.0K – $721.4K
NOI $43,283 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 08846, NJ
14,636
Population
5,703
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
3.5 sq mi
ZIP Area
4,182
Density / Sq Mi
$107,063
Median Household Income
$58,140
Median Earnings
$1,493
Median Rent
$414,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, a den, basement laundry and storage, and dedicated parking for two vehicles.
Where is this duplex located?
The property is located at 319 Runyon Ave Middlesex, NJ.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Two‑unit duplex with matching two‑bedroom layouts; 2,368 square feet; built in 1935; Finished attic in each unit, plus den and full bathroom
