Live-Work Space with Office
For Sale
$749,900
471 Lawrie Street, Perth Amboy, NJ 08861
MULTI_FAMILY - Perth Amboy, NJ
Property Size4,266 SF
Lot Size0.06 Acres
Price / SF$175.79
Days on Market50
Property Features for 471 Lawrie Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-25
Zoning description
Buyer Should Verify
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 5, Bathroom 3, Bedroom 10, Bedroom 9, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 2, Bathroom 1
Interior features
Unit 1(2+ Baths, 4 Bedrooms), Unit 2(4 Bedrooms), Unit 3(4 Bedrooms)
Appliances
Water Heater(Gas), Water Heater
Subdivision
City/Perth Amboy
Lot features
Corner Lot, Level, Near Shopping
Elementary school district
Perth Amboy Ps
Middle school district
Perth Amboy Ps
High school district
Perth Amboy Ps
Standard status
Active
APN
1600201000000051
Size
4,266 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11400
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1925
Floors in Building
3
Building materials
Vinyl Siding
Listing Agency:
REALTY MARK CENTRAL
(609) 716-8400
Listed By:
Jaiminkumar Patel
(609) 273-1212
Added: Jul 12
Changed: Aug 3
Last Checked: Aug 30 at 8:06PM
MLS# 2770041M
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.
Investment Insights
Based on property information with market context.
This live-work space at 471 Lawrie Street offers a flexible mixed-use configuration with office use on a 0.0574-acre lot. The property includes approximately 4,266 square feet of interior space across multiple levels and an existing setup that supports several unit layouts. Interior features include Unit 1 with 2+ baths and 4 bedrooms, Unit 2 with 4 bedrooms, and Unit 3 with 4 bedrooms. Room inventory also includes a basement and multiple bedrooms and bathrooms.
The property is zoned R-25 and is described as currently set up for single-family residential with office use. Public utilities include public water and public sewer. Construction is noted as vinyl siding with baseboard heating and gas water heater(s).
Built in 1925, the property is being sold as-is. Buyers are responsible for conducting their own due diligence regarding zoning, permitted uses, and any municipal approvals that may be required for future redevelopment or conversion, including potential conversion to a 2- or 3-family residence. The site is described as conveniently located near shopping, restaurants, major highways, public transportation, and the Perth Amboy waterfront.
The property is zoned R-25 and is described as currently set up for single-family residential with office use. Public utilities include public water and public sewer. Construction is noted as vinyl siding with baseboard heating and gas water heater(s).
Built in 1925, the property is being sold as-is. Buyers are responsible for conducting their own due diligence regarding zoning, permitted uses, and any municipal approvals that may be required for future redevelopment or conversion, including potential conversion to a 2- or 3-family residence. The site is described as conveniently located near shopping, restaurants, major highways, public transportation, and the Perth Amboy waterfront.
Key Highlights
- 4,266 SF live‑work space with multiple levels on a 0.0574‑acre lot
- Zoned R‑25 with current setup for single‑family residential with office use
- Unit 1: 4 bedrooms with 2+ baths; Unit 2: 4 bedrooms; Unit 3: 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,270
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,305,400
$1.3M
Cap Rate 7%
$932,429
$932.4K
Cap Rate 9%
$725,222
$725.2K
Market Conditions
NOI Build-Up for 4,266 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$128.0K $30.00/SF
− Vacancy
−$41.0K −$9.60/SF
EGI
$87.0K $20.40/SF
− OpEx
−$21.8K −$5.10/SF
NOI
$65.3K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,305,400
Cap Rate 7%
$932,429
Cap Rate 9%
$725,222
Alternative Uses
Best Use
Office B
$932.4K
$815.9K – $1.09M
NOI $65,270 @ 7.0% cap · market cap 8.70%
Second Best
Mixed Use
$527.3K
$461.4K – $615.2K
NOI $36,912 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.11M
$974.7K – $1.30M
NOI $77,976 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,503
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Zoned R-25 live-work property with multiple units, public water and public sewer, and baseboard heating.
Where is this live-work space located?
The property is located at 471 Lawrie Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 4,266 SF live‑work space with multiple levels on a 0.0574‑acre lot; Zoned R‑25 with current setup for single‑family residential with office use; Unit 1: 4 bedrooms with 2+ baths; Unit 2: 4 bedrooms; Unit 3: 4 bedrooms
