Renovated Two-Unit
36 Mill St, Newton, NJ 07860
For Sale
New
$465,000
Multi-Family, 2-Two Story, Newton Town, NJ
Property Size2,322 SF
Lot Size0.11 Acres
Price / SF$200.26
Days on Market3
Property Features for 36 Mill St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Patio and Porch features
Interior features
Exterior features
Subdivision
Lot features
Elementary school
Middle school
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Buildings
Listing Agency:
REALTY EXECUTIVES EXCEPTIONAL · Realty Executives International
(973) 729-7141
Listed By:
JEANNETTE BURKE · License NJ #293430
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 4064110
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,322 square feet on a 0.11-acre lot and was built in 1900. The lower apartment has four bedrooms, a living room, kitchen, and full bathroom; the upper apartment includes three bedrooms, a living room, kitchen, and full bathroom. Both kitchens have Shaker cabinetry, quartz counters, and stainless steel appliances. Bathroom finishes include subway tile and quartz counters. Washer and dryer hookups serve the lower unit, while the upper unit has yard access. A porch is also part of the property.
The residences are vacant following renovations. The property is in Newton, near shopping, restaurants, and major roadways. Public water and public sewer serve the site, and cable is available.
The residences are vacant following renovations. The property is in Newton, near shopping, restaurants, and major roadways. Public water and public sewer serve the site, and cable is available.
Key Highlights
- Two apartments: one with 4 bedrooms and one with 3
- 2,322 square feet on a 0.11‑acre lot
- Both kitchens feature Shaker cabinetry, quartz countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,861
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,220
$777.2K
Cap Rate 7%
$555,157
$555.2K
Cap Rate 9%
$431,789
$431.8K
Market Conditions
NOI Build-Up for 2,322 SF
Gross rent
$59.4K $25.56/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$55.5K $23.91/SF
− OpEx
−$16.7K −$7.17/SF
NOI
$38.9K $16.74/SF
Area
Sussex 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%
$777,220
Cap Rate 7%
$555,157
Cap Rate 9%
$431,789
Alternative Uses
Best Use
Multifamily LT 5
$555.2K
$485.8K – $647.7K
NOI $38,861 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$510.1K
$446.4K – $595.1K
NOI $35,708 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$606.3K
$530.5K – $707.4K
NOI $42,442 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
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Business Placement
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Sussex County, NJ
Properties on Market for Duplexes in Sussex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments provide a four-bedroom and a three-bedroom layout, with both residences vacant after renovation.
Where is this duplex located?
The property is located at 36 Mill St Newton, NJ.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two apartments: one with 4 bedrooms and one with 3; 2,322 square feet on a 0.11‑acre lot; Both kitchens feature Shaker cabinetry, quartz countertops, and stainless steel appliances
