Attached Three-Car Garage
55 Smith St Perth Amboy, NJ 08861
55 Smith St, Perth Amboy, NJ, 08861
$699,999
For Sale
$699,999
MULTI_FAMILY - Perth Amboy City, NJ
Property Size2,302 SF
Lot Size0.04 Acres
Price / SF$304.08
Days on Market86
Property Features for 55 Smith St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 5, Basement, Bathroom 2, Bedroom 2, Bedroom 3
- Patio and Porch features
- Patio
- Interior features
- Bar-Wet, Carpeting, Wood Floors
- Exterior features
- Patio
- Standard status
- Active
- Size
- 2,302 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10274
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
- Water front
- 1
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing agency
RE/MAX COMPETITIVE EDGE
(732) 548-5555
Listed by
NADEEM QAVI · License #1109799
(908) 791-1010
Added: Apr 28 Updated: Jul 20 at 10:10PM Checked: Jul 22 at 3:06AM
MLS# 4024535
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.
Investment Insights
Based on property information with market context.
This two-family duplex includes two separate apartments with central air and laundry hookups. Apartment 1 offers a living room, dining room, two bedrooms, two bathrooms, 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 bathrooms, along with a large terrace for entertaining. The property also includes a basement with two rooms and separate gas and electric meters for each unit.
The home is described as being near the Perth Amboy waterfront. Public remarks note a bus stop across the street and a train station approximately a 10-minute walk away.
A notable feature is the presence of rare three-car attached garages. Property management is described as handling snow removal and landscaping, supporting maintenance-free living.
The home is described as being near the Perth Amboy waterfront. Public remarks note a bus stop across the street and a train station approximately a 10-minute walk away.
A notable feature is the presence of rare three-car attached garages. Property management is described as handling snow removal and landscaping, supporting maintenance-free living.
Key Highlights
- Two‑family home built in 1980 with a basement and 2 units, each with laundry hook‑ups and central air
- 3‑car attached garages (rare 3‑car attached) for the property
- Apartment 1: living room, dining room, 2 bedrooms, 2 full baths, plus 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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two apartments feature balconies, central air, laundry hookups, and separate gas and electric meters.
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: Two‑family home built in 1980 with a basement and 2 units, each with laundry hook‑ups and central air; 3‑car attached garages (rare 3‑car attached) for the property; Apartment 1: living room, dining room, 2 bedrooms, 2 full baths, plus a balcony
