Side-by-Side
512-516 Voorhees Avenue Middlesex, NJ 08846
New
512-516 Voorhees Avenue, Middlesex, NJ, 08846
$575,000
For Sale
$575,000
MULTI_FAMILY - Middlesex, NJ
Property Size2,204 SF
Lot Size0.22 Acres
Price / SF$260.89
Days on Market2
Property Features for 512-516 Voorhees Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R60B
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Patio and Porch features
- Patio, Porch
- Interior features
- Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks)
- Exterior features
- Barbecue, Patio, Porch(es) - Enclosed, Storage Shed, Porch
- Appliances
- Water Heater(Electric), Water Heater
- Standard status
- Active
- APN
- 1000313000000038
- Size
- 2,204 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12947
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s), Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Building materials
- Brick, Vinyl Siding
- Additional Structures
- Storage, See Remarks
Listing agency
KELLER WILLIAMS TOWNE SQUARE
(908) 766-0085
Listed by
Alexander Petrone
(908) 766-0085
Added: Jul 21 Updated: Jul 22 at 3:44PM Checked: Jul 22 at 8:06PM
MLS# 2701266R
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.
512-516 Voorhees Avenue is a spacious side-by-side duplex containing two well-proportioned 3-bedroom, 1-bath units. Each residence includes a bright living room, formal dining room, functional kitchen, generously sized bedrooms, and hardwood flooring throughout much of the living space. The property also features separate basement areas for added utility and storage, along with a covered front porch and a rear screened porch. Additional conveniences include an expansive driveway and a large backyard. The duplex requires updating and is being offered strictly as-is.
The units are currently occupied by long-term tenants paying below-market rents. Utilities are separate, and each tenant pays their own utility costs, including lawn maintenance for their respective side, while the owner pays taxes and insurance.
Zoned R60B, this two-family property is located in an established Middlesex area near community open space, local schools, parks, shopping, dining, and public transportation, including the Dunellen Train Station and access to Routes 28 and 22 and Interstate 287.
The units are currently occupied by long-term tenants paying below-market rents. Utilities are separate, and each tenant pays their own utility costs, including lawn maintenance for their respective side, while the owner pays taxes and insurance.
Zoned R60B, this two-family property is located in an established Middlesex area near community open space, local schools, parks, shopping, dining, and public transportation, including the Dunellen Train Station and access to Routes 28 and 22 and Interstate 287.
Key Highlights
- Side‑by‑side duplex with two 3‑bedroom, 1‑bath units, built in 1970
- Each unit has a kitchen and living room; hardwood flooring throughout much of the living space
- Separate basement areas for each unit, providing utility and storage space
Local 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 | $56.3k | $25.56 |
| − Vacancy | −$3.6k | −$1.65 |
| EGI | $52.7k | $23.91 |
| − OpEx | −$15.8k | −$7.17 |
| NOI | $36.9k | $16.74 |
2,204 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$527.0K
$461.1K – $614.8K
NOI $36,887 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$484.2K
$423.7K – $564.9K
NOI $33,893 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$575.5K
$503.6K – $671.4K
NOI $40,286 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 3-bedroom, 1-bath units with separate basements and separate utilities, both occupied by long-term tenants.
Where is this duplex located?
The property is located at 512-516 Voorhees Avenue Middlesex, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two 3‑bedroom, 1‑bath units, built in 1970; Each unit has a kitchen and living room; hardwood flooring throughout much of the living space; Separate basement areas for each unit, providing utility and storage space
