Two-Family Home with
55 Smith Street Perth Amboy, NJ 08861
55 Smith Street, Perth Amboy, NJ, 08861
$699,999
For Sale
$699,999
Two apartments each feature central air and laundry hookups, with separate gas and electric meters plus attached three-car garages.
Property Size2,302 SF
Price / SF$304.08
Days on Market89
Property Features for 55 Smith Street
General Information
- Standard status
- Active
- Size
- 2,302 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1980
Listing agency
RE/MAX COMPETITIVE EDGE
Listed by
NADEEM QAVI
(833) 740-1234
Source
Actionplusrealty
Added: Apr 26 Updated: Jul 21 at 5:18AM Checked: Jul 21 at 5:18AM
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 COMPETITIVE EDGE
Investment Insights
Based on property information with market context.
This two-family home includes two separate apartment layouts and a basement with two additional rooms. Apartment 1 offers a living room, dining room, two bedrooms, two baths, and a balcony. Apartment 2 features a living room, dining room, two bedrooms with balconies, a bonus room that could serve as a third bedroom, and 2.5 baths, along with a large terrace for entertaining. Both apartments include laundry hookups and central air.
The property also benefits from separate gas and electric meters. Exterior maintenance is handled through snow removal and landscaping, supporting day-to-day ease for residents or an owner. A bus stop is across the street, and the train station is described as about a 10-minute walk with direct service to NYC.
Additional storage and flexibility are provided by the basement’s two rooms, and the home’s attached three-car garages are well-suited to parking needs for a two-family setup.
The property also benefits from separate gas and electric meters. Exterior maintenance is handled through snow removal and landscaping, supporting day-to-day ease for residents or an owner. A bus stop is across the street, and the train station is described as about a 10-minute walk with direct service to NYC.
Additional storage and flexibility are provided by the basement’s two rooms, and the home’s attached three-car garages are well-suited to parking needs for a two-family setup.
Key Highlights
- 1980‑built 2‑family home with two apartments, each with central air and laundry hook‑ups
- Separate gas and electric meters for Apartment 1 and Apartment 2
- Apartment 1 features living room, dining room, 2 bedrooms, 2 baths, and a balcony
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 | $58.8k | $25.56 |
| − Vacancy | −$3.8k | −$1.65 |
| EGI | $55.0k | $23.91 |
| − OpEx | −$16.5k | −$7.17 |
| NOI | $38.5k | $16.74 |
2,302 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.4K
$481.6K – $642.1K
NOI $38,527 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$505.7K
$442.5K – $590.0K
NOI $35,400 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$601.1K
$526.0K – $701.3K
NOI $42,077 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two apartments each feature central air and laundry hookups, with separate gas and electric meters plus attached three-car garages.
Where is this duplex located?
The property is located at 55 Smith Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 1980‑built 2‑family home with two apartments, each with central air and laundry hook‑ups; Separate gas and electric meters for Apartment 1 and Apartment 2; Apartment 1 features living room, dining room, 2 bedrooms, 2 baths, and a balcony
