Duplex with Three-Car Attached
For Sale
$699,999
55 Smith St, Perth Amboy, NJ 08861
Two residential units offer flexible layouts, private outdoor spaces, central air, and separate utility metering.
Property Size2,302 SF
Price / SF$304.08
Days on Market88
Property Features for 55 Smith St
General Information
Standard status
Active
Size
2,302 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/2.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
balcony
terrace
laundry hookup
central air
snow removal
landscaping
Building Details
Year Built
1980
Listing Agency:
RE/MAX COMPETITIVE EDGE
Listed By:
NADEEM QAVI · License #1109799
(908) 791-1010
Source:
Goldstandardrealty
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 7 at 3:59PM
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
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Investment Insights
Based on property information with market context.
Built in 1980, this 2,302-square-foot duplex includes two distinct residential apartments and a three-car attached garage. The first unit provides a living room, dining room, two bedrooms, two bathrooms, and a balcony. The second offers living and dining areas, two bedrooms, two-and-a-half bathrooms, balconies, a bonus room that may serve as an additional bedroom, and a large terrace. Both apartments include laundry hookups and central air conditioning. A basement with two rooms adds storage or flexible utility space, while separate gas and electric meters support independent operation.
The property is near the Perth Amboy waterfront, with a bus stop directly across the street and a train station approximately a 10-minute walk away. Train service provides direct connections to New York City. Management handles snow removal and landscaping, and the property includes maintenance-related services for those areas.
The property is near the Perth Amboy waterfront, with a bus stop directly across the street and a train station approximately a 10-minute walk away. Train service provides direct connections to New York City. Management handles snow removal and landscaping, and the property includes maintenance-related services for those areas.
Key Highlights
- 2,302‑square‑foot duplex built in 1980
- Three‑car attached garage
- First apartment has 2 bedrooms, 2 baths, and a balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,527
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,540
$770.5K
Cap Rate 7%
$550,386
$550.4K
Cap Rate 9%
$428,078
$428.1K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$58.8K $25.56/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$55.0K $23.91/SF
− OpEx
−$16.5K −$7.17/SF
NOI
$38.5K $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%
$770,540
Cap Rate 7%
$550,386
Cap Rate 9%
$428,078
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 authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,857
Businesses Nearby
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Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
Median Home Value
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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 - Two residential units offer flexible layouts, private outdoor spaces, central air, and separate utility metering.
Where is this duplex located?
The property is located at 55 Smith St 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: 2,302‑square‑foot duplex built in 1980; Three‑car attached garage; First apartment has 2 bedrooms, 2 baths, and a balcony
