331 Watson Ave, Perth Amboy, NJ 08861
Multi-Family, 2-Two Story - Perth Amboy City, NJ
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 2:06 am
Property Features for 331 Watson Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
- Patio and Porch features
- Porch
- Interior features
- Blinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
- Exterior features
- Curbs, Open Porch(es), Sidewalk
- Basement Y/N
- 1
- Appliances
- Dishwasher, Microwave, Oven - Gas, Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 1,650 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7414
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Multi Units
Building Details
- Year built
- 1899
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent FRANCES LITEPLO (732) 257-3500
Listing office RE/MAX FIRST REALTY 33 BRUNSWICK WOODS DRIVE, NJ (732) 257-3500
Listing date Jun 26, 2026
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick building built in 1899 with a basement
- Both apartments have been updated and include central A/C
- Each unit has separate meters with tenants paying all utilities, including water
- Tenant responsibilities include maintaining the ground and snow removal
- Open porch and fenced yard with curbs and sidewalk
- Includes range, oven (gas), microwave, dishwasher, refrigerator, and washer
Overview
The property is located in Perth Amboy, close to transportation and everyday shopping, with access to a train and bus line nearby. The combination of transit proximity and local retail services can support a tenant-friendly living experience.
From an ownership or leasing standpoint, the duplex configuration provides two separate apartment spaces within one investment property. The metering setup, along with tenant responsibilities for utilities, grounds upkeep, and snow removal, can help simplify cost allocation. With central A/C and updated interiors already in place, the building may appeal to tenants seeking comfort and move-in-ready condition.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.2k | $25.56 |
| − Vacancy | −$2.7k | −$1.65 |
| EGI | $39.4k | $23.91 |
| − OpEx | −$11.8k | −$7.17 |
| NOI | $27.6k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Perth Amboy
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.27638
- Latitude
- 40.51212
