2-Unit Duplex with Attached
44 N Whittier Street N, Carteret, NJ 07008
For Sale
New
$849,999
Each residence has three bedrooms, two full bathrooms, central air conditioning, and forced hot-air heating.
Property Size3,000 SF
Price / SF$283.33
Days on Market4
Property Features for 44 N Whittier Street N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
forced hot air heating
laundry facilities
true
4
3
Unit 1(Dining Room,3 Bedrooms,Kitchen,Living Room,2+ Baths,Den/Family Room),Unit 2(Dining Room,3 Bedrooms,Kitchen,Living Room,2+ Baths,Den/Family Room)
Corner Lot
Public
0.1148
2
100.00 x 50.00
Garage,Attached
3000
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
J.J. ELEK REALTY CO.
(732) 853-1896
Listed By:
Sophia Brydbord
Source:
Orangekeyrealty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 6:09PM
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.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot duplex, built in 2006, contains two residences with matching layouts: three bedrooms, two full bathrooms, a dining room, kitchen, living room, and den or family room. Both units have central air conditioning and forced hot-air heating. Laundry facilities and an attached two-car garage are located at ground level. The property occupies a 0.1148-acre corner lot, and both units have long-term tenants in place.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- 3,000 square feet; built in 2006
- Each residence includes a dining room, kitchen, living room, and den or family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,209
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,180
$1.0M
Cap Rate 7%
$717,271
$717.3K
Cap Rate 9%
$557,878
$557.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$76.7K $25.56/SF
− Vacancy
−$5.0K −$1.65/SF
EGI
$71.7K $23.91/SF
− OpEx
−$21.5K −$7.17/SF
NOI
$50.2K $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%
$1,004,180
Cap Rate 7%
$717,271
Cap Rate 9%
$557,878
Alternative Uses
Best Use
Multifamily LT 5
$717.3K
$627.6K – $836.8K
NOI $50,209 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$659.1K
$576.7K – $768.9K
NOI $46,134 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 07008, NJ
25,342
Population
8,717
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
5,760
Density / Sq Mi
$87,712
Median Household Income
$42,770
Median Earnings
$2,012
Median Rent
$370,100
Median Home Value
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Market
Average Price Trend$/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 - Each residence has three bedrooms, two full bathrooms, central air conditioning, and forced hot-air heating.
Where is this duplex located?
The property is located at 44 N Whittier Street N Carteret, NJ.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full bathrooms; 3,000 square feet; built in 2006; Each residence includes a dining room, kitchen, living room, and den or family room
