Multifamily Home with Separate
354 Kirkland Place, Perth Amboy, NJ 08861
For Sale
$650,000
Each residence has its own boiler, gas and electric meters, and hot water heater.
Property Size1,736 SF
Price / SF$374.42
Days on Market15
Property Features for 354 Kirkland Place
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Additional Details
Individually Metered Utilities
Building Details
Year Built
Listing Agency:
RE/MAX SELECT
Listed By:
ROBERT S. GOLDEN · License #8732116
(908) 930-1017
Source:
Actionplusrealty
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 6:36AM
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 RE/MAX SELECT
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Investment Insights
Based on property information with market context.
Built in 1921, this multifamily property has residences with three bedrooms, a full bathroom, a living room, and an eat-in kitchen. A full basement offers additional storage. Each residence is equipped with a separate boiler, gas meter, electric meter, and hot water heater; the landlord pays the water expense.
The property occupies a corner lot at 354 Kirkland Place in Perth Amboy, with local shopping, dining, neighborhood amenities, and public transportation options nearby.
The property occupies a corner lot at 354 Kirkland Place in Perth Amboy, with local shopping, dining, neighborhood amenities, and public transportation options nearby.
Key Highlights
- Three bedrooms, a full bathroom, living room, and eat‑in kitchen in each residence
- Separate boiler, gas meter, electric meter, and hot water heater for each residence
- Full basement provides additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,696
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,920
$533.9K
Cap Rate 7%
$381,371
$381.4K
Cap Rate 9%
$296,622
$296.6K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$52.1K $30.00/SF
− Vacancy
−$3.5K −$2.04/SF
EGI
$48.5K $27.96/SF
− OpEx
−$21.8K −$12.58/SF
NOI
$26.7K $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%
$533,920
Cap Rate 7%
$381,371
Cap Rate 9%
$296,622
Alternative Uses
Best Use
Apartment 5plus
$381.4K
$333.7K – $444.9K
NOI $26,696 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$453.3K
$396.6K – $528.9K
NOI $31,731 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,647
Businesses Nearby
Explore this area
Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Perth Amboy, NJ
Properties on Market for Multifamily properties in Perth Amboy
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has its own boiler, gas and electric meters, and hot water heater.
Where is this multifamily property located?
The property is located at 354 Kirkland Place Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three bedrooms, a full bathroom, living room, and eat‑in kitchen in each residence; Separate boiler, gas meter, electric meter, and hot water heater for each residence; Full basement provides additional storage
