Renovated Duplex with Oversized
For Sale
$514,999
368 Inslee St, Perth Amboy, NJ 08861
Two-family property with updated kitchens and bathrooms, a double lot, and established rental history.
Property Size1,638 SF
Price / SF$314.41
Days on Market80
Property Features for 368 Inslee St
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1924
Listing Agency:
SITAR REALTY COMPANY
Listed By:
HELENA LOELIUS · License #8633017
(732) 449-2000
Source:
Thebansalteam
Added: Jul 26
Changed: Oct 11
Last Checked: Oct 7 at 3:24PM
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 SITAR REALTY COMPANY
Investment Insights
Based on property information with market context.
Located at 368 Inslee St in Perth Amboy, this two-family property offers 1,638 SF of residential space on a double lot. The building dates to 1924 and has been renovated with new kitchens and bathrooms, creating updated living areas for both residences.
An oversized garage adds substantial on-site storage or parking capacity. The property also has an established rental history and is situated in a neighborhood where new homes have been built.
An oversized garage adds substantial on-site storage or parking capacity. The property also has an established rental history and is situated in a neighborhood where new homes have been built.
Key Highlights
- Two‑family duplex with 1,638 SF of property size
- Renovated with new kitchens and bathrooms
- Double lot provides additional land area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,414
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,280
$548.3K
Cap Rate 7%
$391,629
$391.6K
Cap Rate 9%
$304,600
$304.6K
Market Conditions
NOI Build-Up for 1,638 SF
Gross rent
$41.9K $25.56/SF
− Vacancy
−$2.7K −$1.65/SF
EGI
$39.2K $23.91/SF
− OpEx
−$11.7K −$7.17/SF
NOI
$27.4K $16.74/SF
Area
Middlesex 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%
$548,280
Cap Rate 7%
$391,629
Cap Rate 9%
$304,600
Alternative Uses
Best Use
Multifamily LT 5
$391.6K
$342.7K – $456.9K
NOI $27,414 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$359.8K
$314.9K – $419.8K
NOI $25,189 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$427.7K
$374.3K – $499.0K
NOI $29,940 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
378
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with updated kitchens and bathrooms, a double lot, and established rental history.
Where is this duplex located?
The property is located at 368 Inslee St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $514,999.
What are key features of this property?
This property features: Two‑family duplex with 1,638 SF of property size; Renovated with new kitchens and bathrooms; Double lot provides additional land area
