Two-Unit Duplex with Separate
New
For Sale
$669,900
482 Rahway Avenue, Woodbridge, NJ 07095
Residential Income, Woodbridge Proper, NJ
Property Size2,462 SF
Lot Size0.11 Acres
Price / SF$272.10
Days on Market3
Property Features for 482 Rahway Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Buyer Should Verify
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Interior features
Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room)
Exterior features
Barbecue, Porch(es) - Enclosed, Curbs, Sidewalk, Yard, Semi-Private Entry
Accessibility
Accessible Approach with Ramp
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Dryer, Range/Oven, Washer)
Lot features
Near Shopping, Near Train
Elementary school district
Woodbridge Township School Dis
Middle school district
Woodbridge Township School Dis
High school district
Woodbridge Township School Dis
Directions
Follow GPS directions
Standard status
Active
APN
0106703000000027
Size
2,462 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
135691313
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Steam
Water source
Public
Building Details
Year built
1921
Floors in Building
2
Building materials
Shingle Siding
Roof type
Asphalt
Listing Agency:
CENTURY 21 MAIN STREET REALTY
(732) 750-4663
Listed By:
Manuel Seda
(732) 527-7201
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 1:06PM
MLS# 2703853R
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.
Built in 1921, this 2,462-square-foot duplex contains two apartments, each arranged with 3 bedrooms, a kitchen, living room, and 1 bathroom. The legal two-family property has separate furnaces, gas water heaters, and electric meters for the units. Additional features include an enclosed porch, semi-private entries, a basement, shingle siding, an asphalt roof, and an accessible approach with ramp.
The property occupies 0.1092 acres at 482 Rahway Avenue in Woodbridge Proper, NJ. A driveway extends two cars deep, with backyard access that can accommodate additional parking if needed. Shopping, a pharmacy, train service, and shopping centers are located nearby. Public water and public sewer serve the property.
The property occupies 0.1092 acres at 482 Rahway Avenue in Woodbridge Proper, NJ. A driveway extends two cars deep, with backyard access that can accommodate additional parking if needed. Shopping, a pharmacy, train service, and shopping centers are located nearby. Public water and public sewer serve the property.
Key Highlights
- Legal two‑family duplex with two separate apartments
- Each unit includes 3 bedrooms, a kitchen, living room, and 1 bath
- 2,462 square feet on a 0.1092‑acre lot
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
$41,204
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
6.15%
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%
$824,080
$824.1K
Cap Rate 7%
$588,629
$588.6K
Cap Rate 9%
$457,822
$457.8K
Market Conditions
NOI Build-Up for 2,462 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
$62.9K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$58.9K $23.91/SF
− OpEx
−$17.7K −$7.17/SF
NOI
$41.2K $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 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%
$824,080
Cap Rate 7%
$588,629
Cap Rate 9%
$457,822
Alternative Uses
Best Use
Multifamily LT 5
$588.6K
$515.1K – $686.7K
NOI $41,204 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$540.9K
$473.3K – $631.0K
NOI $37,861 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$642.9K
$562.5K – $750.0K
NOI $45,001 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 07095, NJ
19,839
Population
8,132
Households
2.4
Avg Household Size
39
Median Age
34%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
4,313
Density / Sq Mi
$99,718
Median Household Income
$56,988
Median Earnings
$2,077
Median Rent
$361,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with two apartments, separate heating systems, and individual electric meters.
Where is this duplex located?
The property is located at 482 Rahway Avenue Woodbridge, NJ.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: Legal two‑family duplex with two separate apartments; Each unit includes 3 bedrooms, a kitchen, living room, and 1 bath; 2,462 square feet on a 0.1092‑acre lot
