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Two-Unit Brick Duplex

492 Central Avenue, New Providence, NJ 07974

For Sale
New
$975,000

Multi-Family, Under/Over, New Providence Boro, NJ

Property SizeContact for details
Lot Size0.50 Acres
Days on Market5

Property Features for 492 Central Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Basement, Bathroom 3, Bathroom 1
Directions South Street to Central Avenue
Standard status Active
Lot size 0.50 Acres

Additional Details

Individually Metered Utilities unspecified utilities

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 16701

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air
Water source Public

Amenities

front porch
laundry area
Tesla charger
recreation room

Building Details

Year built 1950
Number of units 2
Roof type Shingle
Architectural style Other
Buildings 1
Listing Agency: KELLER WILLIAMS REALTY
Listed By: SCOTT SHUMAN
Added: Nov 4 Changed: Nov 7 Last Checked: Nov 8 at 7:06AM
MLS# 4063155

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This brick duplex contains two two-bedroom residences with updated kitchens, quartz countertops, stainless steel appliances, and hardwood floors in the living, dining, and bedroom areas. The lower level includes a recreation room, full bathroom, laundry area, and a separate unfinished utility room for storage. A shared backyard, wide driveway, and Tesla charger are additional property features. The lot measures 0.5 acres, and the building dates to 1950.

Murray Hill train station is 0.4 miles away. The property is also minutes from New Providence schools and downtown. Public water and sewer serve the property, with heat pump heating and central air conditioning.

Key Highlights

  • Two two‑bedroom residences with separately metered utilities
  • 0.5‑acre lot; brick building constructed in 1950
  • Lower level includes recreation room, full bathroom, laundry area, and unfinished utility room

Property Analytics

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Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

622
Businesses Nearby

Demographics for 07974, NJ

13,122
Population
4,995
Households
2.6
Avg Household Size
43
Median Age
69%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
3,281
Density / Sq Mi
$168,860
Median Household Income
$95,875
Median Earnings
$2,042
Median Rent
$726,000
Median Home Value
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Market

Average Price Trend$/SF for Duplexes in Union County, NJ

$325 Jul
$341 Aug
$341 Sep
$327 Oct

Properties on Market for Duplexes in Union County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence offers two bedrooms, and utilities are separately metered.
Where is this duplex located?
The property is located at 492 Central Avenue New Providence, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two two‑bedroom residences with separately metered utilities; 0.5‑acre lot; brick building constructed in 1950; Lower level includes recreation room, full bathroom, laundry area, and unfinished utility room
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