Two-Unit Duplex with Private
New
For Sale
$649,900
40 Avenel Street, Avenel, NJ 07001
Residential Income, Avenel, NJ
Property Size1,150 SF
Lot Size0.11 Acres
Price / SF$565.13
Days on Market1
Property Features for 40 Avenel Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6/2F
Zoning description
Buyer Should Verify, Conform to Zoning
Bathrooms
2
Full bathrooms
2
Rooms
Den, Bathroom 2, Bathroom 1, Basement
Interior features
Unit 1(2 Bedrooms, Kitchen, Laundry Hookup, 1 Bath, Living Room), Unit 2(1 Bedroom, Kitchen, Laundry Hookup, 1 Bath, Living Room, Den/Family Room)
Exterior features
Yard
Accessibility
Accessible Approach with Ramp
Appliances
Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Lot features
Near Shopping, Near Train, Corner Lot, Near Public Transit
Elementary school district
Woodbridge Township School Dis
Middle school district
Woodbridge Township School Dis
High school district
Woodbridge Township School Dis
Directions
Located on the corner of Oak St and Avenel St
Standard status
Active
APN
25008591300027
Size
1,150 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
779548
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Baseboard, Central
Cooling system
Window Unit(s), Wall Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1936
Floors in Building
2
Building materials
Brick Veneer, Vinyl Siding
Roof type
Asphalt
Listing Agency:
JACK PEDERSEN REALTY
(908) 755-8300
Listed By:
John Espin · License #456463
(908) 403-8562
Added: Nov 6
Last Checked: Nov 6 at 12:06PM
MLS# 2707117R
Copyright © 2026 All Jersey MLS. 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 1,150-square-foot duplex contains two residences: a two-bedroom first-floor unit and a one-bedroom second-floor unit. Both have a kitchen, one bathroom, living room, laundry hookups, and hardwood flooring. The first unit also has access to a full basement, while the upper residence includes a loft area. The property was built in 1936 and occupies a 0.1148-acre lot, with a yard and private off-street parking.
The home is at 40 Avenel Street in Avenel, New Jersey, near local shopping and dining and within close reach of public transportation. It is zoned R-6/2F and has public water and sewer service.
The home is at 40 Avenel Street in Avenel, New Jersey, near local shopping and dining and within close reach of public transportation. It is zoned R-6/2F and has public water and sewer service.
Key Highlights
- Two residences: one with 2 bedrooms and one with 1 bedroom
- 1,150‑square‑foot building on a 0.1148‑acre lot
- Full basement and laundry area in the first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,247
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,940
$384.9K
Cap Rate 7%
$274,957
$275.0K
Cap Rate 9%
$213,856
$213.9K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$29.4K $25.56/SF
− Vacancy
−$1.9K −$1.65/SF
EGI
$27.5K $23.91/SF
− OpEx
−$8.2K −$7.17/SF
NOI
$19.2K $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%
$384,940
Cap Rate 7%
$274,957
Cap Rate 9%
$213,856
Alternative Uses
Best Use
Multifamily LT 5
$275.0K
$240.6K – $320.8K
NOI $19,247 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$252.6K
$221.1K – $294.8K
NOI $17,685 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$300.3K
$262.8K – $350.3K
NOI $21,020 @ 7.0% cap · market cap 3.23%
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
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 07001, NJ
16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, NJ
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate two- and one-bedroom residences include laundry hookups and shared off-street parking.
Where is this duplex located?
The property is located at 40 Avenel Street Avenel, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two residences: one with 2 bedrooms and one with 1 bedroom; 1,150‑square‑foot building on a 0.1148‑acre lot; Full basement and laundry area in the first‑floor unit
