Two-Unit Duplex with Finished
For Sale
$639,900
382 Stanford Street, Perth Amboy, NJ 08861
Both residences include two bedrooms, an eat-in kitchen, a living room, and a full bathroom.
Property Size1,744 SF
Price / SF$366.92
Days on Market11
Property Features for 382 Stanford Street
General Information
Standard status
Active
Size
1,744 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
covered front porch
Building Details
Year Built
1911
Listing Agency:
J.J. ELEK REALTY CO.
Listed By:
ANTONIO D. ROSARIO
(833) 740-1234
Source:
Actionplusrealty
Added: Oct 3
Changed: Oct 11
Last Checked: Oct 12 at 8:40PM
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 J.J. ELEK REALTY CO.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with two bedrooms, an eat-in kitchen, a living room, and a full bathroom. Finished space is also available in the attic and basement, and the home has a covered front porch.
Built in 1911, the property totals 1,744 square feet and is located at 382 Stanford Street in Perth Amboy, New Jersey.
Built in 1911, the property totals 1,744 square feet and is located at 382 Stanford Street in Perth Amboy, New Jersey.
Key Highlights
- Two units, each with 2 bedrooms, an eat‑in kitchen, living room, and full bathroom
- Finished attic and finished basement
- 1,744‑square‑foot property built in 1911
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,188
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,760
$583.8K
Cap Rate 7%
$416,971
$417.0K
Cap Rate 9%
$324,311
$324.3K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$44.6K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.7K $23.91/SF
− OpEx
−$12.5K −$7.17/SF
NOI
$29.2K $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%
$583,760
Cap Rate 7%
$416,971
Cap Rate 9%
$324,311
Alternative Uses
Best Use
Multifamily LT 5
$417.0K
$364.9K – $486.5K
NOI $29,188 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$383.1K
$335.2K – $447.0K
NOI $26,819 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$455.4K
$398.5K – $531.3K
NOI $31,878 @ 7.0% cap · market cap 4.98%
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
2,728
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, an eat-in kitchen, a living room, and a full bathroom.
Where is this duplex located?
The property is located at 382 Stanford Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, an eat‑in kitchen, living room, and full bathroom; Finished attic and finished basement; 1,744‑square‑foot property built in 1911
