Two-Unit Duplex with Separate
New
For Sale
$730,000
32 McKinley Avenue, Carteret, NJ 07008
Both residences provide three bedrooms, dedicated laundry rooms, and separate utility services.
Property Size2,464 SF
Lot Size0.11 Acres
Days on Market6
Property Features for 32 McKinley Avenue
General Information
Standard status
Active
Size
2,464 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$10,363
Amenities
Central Air
Forced Air
Gas Water Heater
Paved, See Remarks
Building Details
Building Size
2,464 SF
Year Built
1997
Buildings
1
Listing Agency:
Real Broker LLC
Listed By:
Lori Loricchio · License #31342
(732) 515-5200
Source:
Evrealestate
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 4 at 12:08PM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This 2,464-square-foot duplex, built in 1997, contains two residences. Each unit has a combined living and dining area, a kitchen, three bedrooms, one bathroom, and a laundry/utility room. Utilities and driveways are separate for each residence.
The property occupies a fenced 50-by-100-foot lot in Carteret. Nearby transportation options include NYC bus service and access to the New Jersey Turnpike. Carteret Township amenities include Waterfront Park and Municipal Marina, as well as the Carteret Performing Arts Center.
The property occupies a fenced 50-by-100-foot lot in Carteret. Nearby transportation options include NYC bus service and access to the New Jersey Turnpike. Carteret Township amenities include Waterfront Park and Municipal Marina, as well as the Carteret Performing Arts Center.
Key Highlights
- Two units, each with three bedrooms and one bathroom
- 2,464 square feet; built in 1997
- Each residence has a living/dining area, kitchen, and laundry/utility room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,238
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,760
$824.8K
Cap Rate 7%
$589,114
$589.1K
Cap Rate 9%
$458,200
$458.2K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$63.0K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$58.9K $23.91/SF
− OpEx
−$17.7K −$7.17/SF
NOI
$41.2K $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%
$824,760
Cap Rate 7%
$589,114
Cap Rate 9%
$458,200
Alternative Uses
Best Use
Multifamily LT 5
$589.1K
$515.5K – $687.3K
NOI $41,238 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$541.3K
$473.6K – $631.5K
NOI $37,891 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$643.4K
$563.0K – $750.6K
NOI $45,038 @ 7.0% cap · market cap 6.17%
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
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
605
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 - Both residences provide three bedrooms, dedicated laundry rooms, and separate utility services.
Where is this duplex located?
The property is located at 32 McKinley Avenue Carteret, NJ.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two units, each with three bedrooms and one bathroom; 2,464 square feet; built in 1997; Each residence has a living/dining area, kitchen, and laundry/utility room
