Updated Duplex with
For Sale
$659,900
32 Avenel St, Avenel, NJ 07001
Two-family property with separate utilities, heated outdoor living space, and substantial off-street parking.
Property Size1,514 SF
Price / SF$435.87
Days on Market47
Property Features for 32 Avenel St
General Information
Standard status
Active
Size
1,514 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
heated enclosed patio
Building Details
Year Built
1936
Listing Agency:
JACK PEDERSEN REALTY
Listed By:
JOHN ESPIN · License #456463
(908) 403-8562
Source:
Goldstandardrealty
Added: Sep 8
Changed: Oct 4
Last Checked: Oct 7 at 3:25PM
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 JACK PEDERSEN 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 duplex at 32 Avenel St in Avenel, New Jersey, was built in 1936 and updated in 2015. The two-family configuration includes separate tankless water heaters for the residences, along with 200-amp electric service. A finished two-car garage provides enclosed parking and additional utility.
Outdoor features include a heated enclosed patio and a driveway with parking for up to five cars. The property combines residential income use with dedicated parking, garage space, and separate water-heating systems.
Outdoor features include a heated enclosed patio and a driveway with parking for up to five cars. The property combines residential income use with dedicated parking, garage space, and separate water-heating systems.
Key Highlights
- Two‑family duplex at 32 Avenel St, Avenel, NJ 07001
- Updated in 2015; original construction dates to 1936
- Finished heated two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,339
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,780
$506.8K
Cap Rate 7%
$361,986
$362.0K
Cap Rate 9%
$281,544
$281.5K
Market Conditions
NOI Build-Up for 1,514 SF
Gross rent
$38.7K $25.56/SF
− Vacancy
−$2.5K −$1.65/SF
EGI
$36.2K $23.91/SF
− OpEx
−$10.9K −$7.17/SF
NOI
$25.3K $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%
$506,780
Cap Rate 7%
$361,986
Cap Rate 9%
$281,544
Alternative Uses
Best Use
Multifamily LT 5
$362.0K
$316.7K – $422.3K
NOI $25,339 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$332.6K
$291.0K – $388.0K
NOI $23,282 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$395.3K
$345.9K – $461.2K
NOI $27,673 @ 7.0% cap · market cap 4.19%
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
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 07001, NJ
16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
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 - Two-family property with separate utilities, heated outdoor living space, and substantial off-street parking.
Where is this duplex located?
The property is located at 32 Avenel St Avenel, NJ.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Two‑family duplex at 32 Avenel St, Avenel, NJ 07001; Updated in 2015; original construction dates to 1936; Finished heated two‑car garage
