Two-Unit Duplex with Separate
New
For Sale
$730,000
32 Mckinley Avenue, Carteret, NJ 07008
Residential Income, Carteret, NJ
Property Size2,464 SF
Lot Size0.11 Acres
Price / SF$296.27
Days on Market3
Property Features for 32 Mckinley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R25
Zoning description
Buyer Should Verify
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bathroom 2, Bathroom 1
Interior features
Unit 1(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room)
Exterior features
Sidewalk, Fencing/Wall, Yard
Fencing
Fenced
Appliances
Water Heater(Gas), Water Heater, Unit 1(Dryer, Range/Oven, Washer), Unit 2(Range/Oven)
Lot features
Level
Elementary school district
Carteret Borough School Distri
Middle school district
Carteret Borough School Distri
High school district
Carteret Borough School Distri
Directions
GPS to 32 Mckinley Avenue, Carteret, NJ 07008
Standard status
Active
APN
0107302000000001
Size
2,464 SF
Lot size
0.11 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10363
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Buildings
1
Listing Agency:
REAL
(855) 450-0442
Listed By:
Lori Loricchio · License #31342
(732) 261-1156
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 8:06PM
MLS# 2707142R
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.
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Investment Insights
Based on property information with market context.
This 2,464-square-foot duplex contains two residences, each arranged with a living and dining area, kitchen, three bedrooms, one bath, and a laundry or utility room. Separate utility service and individual driveways serve the units. Built in 1997, the home sits on a fenced 50-by-100-foot lot with a yard and sidewalk frontage. Heating is forced air, with central air conditioning and ceiling fans. Public water and sewer serve the property, and the exterior has vinyl siding with an asphalt roof.
The property is in Carteret, with access to NYC bus service and the New Jersey Turnpike noted nearby. Carteret amenities include a waterfront park and municipal marina, as well as a performing arts center.
The property is in Carteret, with access to NYC bus service and the New Jersey Turnpike noted nearby. Carteret amenities include a waterfront park and municipal marina, as well as a performing arts center.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bath
- 2,464 square feet of building area
- 50‑by‑100‑foot fenced lot
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
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, one bath, separate utilities, and its own driveway.
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 residences, each with 3 bedrooms and 1 bath; 2,464 square feet of building area; 50‑by‑100‑foot fenced lot
