Two-Unit
New
For Sale
$425,000
49 Augusta St, South River, NJ 08882
Each residence has three bedrooms and one full bathroom.
Property Size898 SF
Price / SF$473.27
Days on Market4
Property Features for 49 Augusta St
General Information
Standard status
Active
Size
898 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
a little TLC
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,912
Building Details
Buildings
1
Listing Agency:
RE/MAX FIRST REALTY, INC.
(732) 257-3500
Listed By:
ROCCO A. SGRO · License #1434781
(732) 593-9636
Source:
Exprealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:52AM
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 RE/MAX FIRST REALTY, INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with three bedrooms and one full bathroom. The property needs attention, offering a chance to update the existing residential space.
Located at 49 Augusta St in South River, the property sits on a cul-de-sac.
Located at 49 Augusta St in South River, the property sits on a cul-de-sac.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bathroom
- Located at 49 Augusta St in South River, NJ
- Situated on a cul‑de‑sac
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,029
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,580
$300.6K
Cap Rate 7%
$214,700
$214.7K
Cap Rate 9%
$166,989
$167.0K
Market Conditions
NOI Build-Up for 898 SF
Gross rent
$23.0K $25.56/SF
− Vacancy
−$1.5K −$1.65/SF
EGI
$21.5K $23.91/SF
− OpEx
−$6.4K −$7.17/SF
NOI
$15.0K $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%
$300,580
Cap Rate 7%
$214,700
Cap Rate 9%
$166,989
Alternative Uses
Best Use
Multifamily LT 5
$214.7K
$187.9K – $250.5K
NOI $15,029 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$197.3K
$172.6K – $230.2K
NOI $13,809 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$234.5K
$205.2K – $273.6K
NOI $16,414 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 08882, NJ
16,118
Population
5,789
Households
2.8
Avg Household Size
39
Median Age
31%
College-Educated
86%
High-School Grad
2.8 sq mi
ZIP Area
5,756
Density / Sq Mi
$101,853
Median Household Income
$51,323
Median Earnings
$1,599
Median Rent
$382,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 49 Augusta St South River, NJ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bathroom; Located at 49 Augusta St in South River, NJ; Situated on a cul‑de‑sac
