Two-Family Duplex with Separate
32 McKinley Avenue, Carteret, NJ 07008
For Sale
$730,000
Multi-Family, Carteret, NJ
Property Size2,464 SF
Lot Size0.11 Acres
Price / SF$296.27
Days on Market8
Property Features for 32 McKinley Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Lot features
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Real Broker LLC -Freehold 2
Listed By:
Lori Loricchio · License #31342
(732) 515-5200
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 11:06PM
MLS# 22634392
Copyright © 2026 More 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 bathroom, and a laundry/utility room. The units have separate utility services and individual driveways. The home was built in 1997 and sits on a fenced 0.11-acre parcel measuring 50 by 100 feet.
The property is near NYC bus service and access to the New Jersey Turnpike. Public water and sewer serve the site. Building features include forced-air heat, central air conditioning, linoleum flooring, and a shingle roof.
The property is near NYC bus service and access to the New Jersey Turnpike. Public water and sewer serve the site. Building features include forced-air heat, central air conditioning, linoleum flooring, and a shingle roof.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 2,464‑square‑foot building on a 0.11‑acre lot
- Fenced parcel measuring 50x100
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
Open Analytics
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
$370,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, NJ
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each of the two residences offers three bedrooms, a laundry area, 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 bathroom; 2,464‑square‑foot building on a 0.11‑acre lot; Fenced parcel measuring 50x100
