Multifamily Property with Finished
For Sale
$675,000
35 Lavern St, Sayreville, NJ 08872
Multifamily property offering two-bedroom layouts, full bathrooms, and finished basement space.
Property Size1,440 SF
Price / SF$468.75
Days on Market51
Property Features for 35 Lavern St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,725
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
JASON ECKERT
(973) 766-3829
Source:
Exprealty
Added: Sep 2
Changed: Oct 19
Last Checked: Oct 20 at 11:14PM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
Built in 1954, this 1,440-square-foot multifamily property features units with two bedrooms and one full bathroom. Each unit also includes a finished basement with an additional full bathroom, providing expanded usable space within the existing configuration.
The property is located at 35 Lavern Street in Sayreville, New Jersey. It is being offered in as-is condition, with the sale subject to the property’s existing condition.
The property is located at 35 Lavern Street in Sayreville, New Jersey. It is being offered in as-is condition, with the sale subject to the property’s existing condition.
Key Highlights
- 1,440‑square‑foot multifamily property
- Each unit includes 2 bedrooms and 1 full bathroom
- Finished basement in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,144
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,880
$442.9K
Cap Rate 7%
$316,343
$316.3K
Cap Rate 9%
$246,044
$246.0K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$43.2K $30.00/SF
− Vacancy
−$2.9K −$2.04/SF
EGI
$40.3K $27.96/SF
− OpEx
−$18.1K −$12.58/SF
NOI
$22.1K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,880
Cap Rate 7%
$316,343
Cap Rate 9%
$246,044
Alternative Uses
Best Use
Apartment 5plus
$316.3K
$276.8K – $369.1K
NOI $22,144 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.0K
$329.0K – $438.7K
NOI $26,321 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 08872, NJ
20,351
Population
7,837
Households
2.6
Avg Household Size
39
Median Age
36%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
2,142
Density / Sq Mi
$97,204
Median Household Income
$50,654
Median Earnings
$1,594
Median Rent
$404,300
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?
Multifamily property - Multifamily property offering two-bedroom layouts, full bathrooms, and finished basement space.
Where is this multifamily property located?
The property is located at 35 Lavern St Sayreville, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,440‑square‑foot multifamily property; Each unit includes 2 bedrooms and 1 full bathroom; Finished basement in each unit
