Two-Family Home with Full
51 Jeanette Street Carteret, NJ 07008
For Sale
Under Contract
$649,999
MULTI_FAMILY - Carteret, NJ
Property Size1,629 SF
Lot Size0.12 Acres
Price / SF$399.02
Days on Market48
Property Features for 51 Jeanette Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Rooms
Basement, Bathroom 3, Bathroom 2, Dining Room, Bathroom 1
Parking features
Garage
Patio and Porch features
Deck, Porch
Interior features
Unit 1(Dining Room, 2 Bedrooms, 3 Bedrooms, Kitchen, Laundry Hookup, Living Room), Unit 2(1 Bedroom, 2 Bedrooms, Kitchen, Living Room)
Exterior features
Porch(es) - Enclosed, Deck
Appliances
Water Heater(From Furnace), Water Heater, Unit 1(Dryer, Range/Oven, Washer), Unit 2(Range/Oven, Refrigerator)
Standard status
Active Under Contract
APN
0105403000000003
Size
1,629 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7473
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1938
Floors in Building
2
Building materials
Vinyl Siding
Listing Agency:
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed By:
Anthony Eaton
(732) 549-1998
Added: Jun 11
Changed: Jul 28
Last Checked: Jul 28 at 1:06PM
MLS# 2617435R
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 two-family residential property is configured with a total of five bedrooms and three bathrooms, providing flexible living arrangements for occupants or multi-generational use. The home also includes a full basement with a full bathroom, offering additional interior space for recreation, work, or storage.
The property is located in Carteret, NJ, and is described as being close to schools, shopping, and parks. It also has access to an NYC bus line, with a ferry planned to be coming soon, which can support commuting and regional travel needs.
For buyers seeking a straightforward owner-occupied or income-oriented setup, the combination of multiple bedrooms, three bathrooms, and a full basement with its own bath can support a variety of household configurations. Off-street parking is available via a large two-car detached garage and a four-car driveway, helping accommodate day-to-day vehicles for residents or guests. The offering is listed for sale at 51 Jeanette Street, Carteret, NJ 07008.
The property is located in Carteret, NJ, and is described as being close to schools, shopping, and parks. It also has access to an NYC bus line, with a ferry planned to be coming soon, which can support commuting and regional travel needs.
For buyers seeking a straightforward owner-occupied or income-oriented setup, the combination of multiple bedrooms, three bathrooms, and a full basement with its own bath can support a variety of household configurations. Off-street parking is available via a large two-car detached garage and a four-car driveway, helping accommodate day-to-day vehicles for residents or guests. The offering is listed for sale at 51 Jeanette Street, Carteret, NJ 07008.
Key Highlights
- Two‑family property with a total of 5 bedrooms and 3 bathrooms
- Full basement with a full bathroom for additional usable space
- Detached 2‑car garage with a 4‑car driveway
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.6k | $25.56 |
| − Vacancy | −$2.7k | −$1.65 |
| EGI | $38.9k | $23.91 |
| − OpEx | −$11.7k | −$7.17 |
| NOI | $27.3k | $16.74 |
1,629 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$389.5K
$340.8K – $454.4K
NOI $27,263 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$357.9K
$313.1K – $417.5K
NOI $25,051 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$425.4K
$372.2K – $496.3K
NOI $29,776 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property in Carteret with five bedrooms, three baths, and a full basement with bath.
Where is this duplex located?
The property is located at 51 Jeanette Street Carteret, NJ.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: Two‑family property with a total of 5 bedrooms and 3 bathrooms; Full basement with a full bathroom for additional usable space; Detached 2‑car garage with a 4‑car driveway
