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Perth Amboy Multi-Family Investment

361 Prospect Street, Perth Amboy, NJ 08861

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For Sale

$1,075,000

MULTI_FAMILY - Perth Amboy, NJ

Property size:

2,868 SF

Lot size:

0.12 Acres

Price / SF:

$374/SF

HighLights

3‑family property built in 1903 with 3 income‑generating units: Unit 1 (2BR, 2+ baths), Unit 2 (2BR, 1 bath), Unit 3 (4BR, 2+ baths)
Central heating with window unit cooling; vinyl siding exterior
Tenants pay all utilities for low expense operation, with public water and public sewer service
Parking includes garage(s) (3 garages noted) plus a shared driveway
Exterior features include porch(es) (including enclosed porch) and patio
Reported financials in remarks: $99K gross income and $86K NOI, targeting an 8% cap rate; sold AS IS (buyer responsible for CO)

We can help!

Contact an agent

Peter Boutros

For Sale

$1,075,000

MULTI_FAMILY - Perth Amboy, NJ

Property size:

2,868 SF

Lot size:

0.12 Acres

Price / SF:

$374/SF

Added:: Mar 27, 2026
Days on Market:: 94
Last Refresh:: Jun 28 at 8:06 pm

Property Features for 361 Prospect Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R-25
Bathrooms: 5
Rooms: Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Basement, Bathroom 5
Parking features: Garage
Patio and Porch features: Porch, Patio
Interior features: Unit 1(2 Bedrooms, Kitchen, Living Room, 2+ Baths), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(4 Bedrooms, Kitchen, Living Room, 2+ Baths)
Exterior features: Patio, Porch(es) - Enclosed, Porch
Appliances: Water Heater(From Furnace, Gas), Water Heater
Standard status: Active
APN: 1600159000000004
Size: 2,868 SF
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 9972

Utilities

Sewer type: Public Sewer
Heating system: Central
Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 1903
Floors in Building: 2
Building materials: Vinyl Siding

We can help!

Contact an agent

Peter Boutros

Listing agent Peter Boutros License #1756043

Listing office EXP REALTY, LLC 28 VALLEY RD SUITE 1, Montclair, NJ

Listing date Mar 27, 2026

MLS# 2612858R Listing URL

HighLights

3‑family property built in 1903 with 3 income‑generating units: Unit 1 (2BR, 2+ baths), Unit 2 (2BR, 1 bath), Unit 3 (4BR, 2+ baths)
Central heating with window unit cooling; vinyl siding exterior
Tenants pay all utilities for low expense operation, with public water and public sewer service
Parking includes garage(s) (3 garages noted) plus a shared driveway
Exterior features include porch(es) (including enclosed porch) and patio
Reported financials in remarks: $99K gross income and $86K NOI, targeting an 8% cap rate; sold AS IS (buyer responsible for CO)

Overview

This multi-family property in Perth Amboy presents an investment opportunity with three income-generating units, including a large four-bedroom apartment. The property also features three garages, offering potential for added revenue. Tenants are responsible for all utilities, contributing to low expenses for the owner. With a gross income of $99,000 and a net operating income of $86,000, this property offers an attractive cash flow. The property is zoned R-25 and has a lot size of 0.1205 acres. The building has 2,868 square feet of space. This property is ideal for investors seeking maximum cash flow and value-add buyers looking to increase rents over time. The seller is open to seller financing. The property includes a shared driveway and is being sold as-is, with the buyer responsible for the Certificate of Occupancy.

Property Profile Location Intelligence

Current Use by Public Records

O & R Landscaping ... Landscaping

Suggested Use

Location Insight

Map
Local Demand

City: Perth Amboy
County: Middlesex
State: New Jersey
Longitude: -74.2749326
Latitude: 40.5130077

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For sale
Triplexes
NJ
Perth Amboy
08861
361 Prospect Street

What type of property is this?

Triplex - High-yield 3-family property with income-generating units and garages.

Where is this triplex located?

The property is located at 361 Prospect Street Perth Amboy, NJ.

What is the asking price?

The asking price for this property is $1,075,000.

What are key features of this property?

This property features: 3‑family property built in 1903 with 3 income‑generating units: Unit 1 (2BR, 2+ baths), Unit 2 (2BR, 1 bath), Unit 3 (4BR, 2+ baths); Central heating with window unit cooling; vinyl siding exterior; Tenants pay all utilities for low expense operation, with public water and public sewer service

361 Prospect Street, Perth Amboy, NJ 08861

MULTI_FAMILY - Perth Amboy, NJ

Property Features for 361 Prospect Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Commercial Building with Garage

Corner Commercial Investment Opportunity

Two-Family Residential Investment

Updated Duplex with Central AC

Updated Two-Story Duplex

Two-Family Residential Income Property

Storefront Retail Building

Multi-Family Investment Opportunity

Unique Multi-Building Religious Property

Established Grocery Store with Apartment

Perth Amboy Multifamily Opportunity

Established Grocery Store Opportunity

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