Two-Family Home with Attached
55 Smith Street, Perth Amboy, NJ 08861
MULTI_FAMILY - Perth Amboy, NJ
Property size:
2,302 SFLot size:
0.04 AcresPrice / SF:
$304/SF- Added:
- Apr 28, 2026
- Days on Market:
- 38
- Last Refresh:
- Jun 4 at 7:06 pm
Property Features for 55 Smith Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-MM
- Bathrooms
- 4
- Rooms
- Bathroom 1, Basement, Den, Bathroom 3, Bathroom 2, Bathroom 4, Dining Room
- Parking features
- Garage
- Patio and Porch features
- Porch, Patio
- Interior features
- Unit 1(Dining Room, 2 Bedrooms, Kitchen, Laundry Hookup, Living Room, 2+ Baths), Unit 2(Dining Room, 2 Bedrooms, Kitchen, Laundry Hookup, Living Room, 2+ Baths, Den/Family Room)
- Exterior features
- Patio, Porch(es) - Open
- Appliances
- Water Heater(See Remarks), Water Heater
- Standard status
- Active Under Contract
- APN
- 1600055000000014
- 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
Building Details
- Year built
- 1980
- Floors in Building
- 3
- Building materials
- Stucco
Listing agent Nadeem Qavi License #1109799 (908) 791-1010
Listing office RE/MAX COMPETITIVE EDGE 251 MAIN STREET, Warren, NJ (732) 548-5555
Listing date Apr 28, 2026
MLS# 2614758R
Listing URL
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.
HighLights
- Two‑family home built in 1980 with both units featuring 2 bedrooms and central air
- Unit 1 offers living room, dining room, kitchen, laundry hookup, 2+ baths, and a balcony
- Unit 2 offers living room, dining room, kitchen, laundry hookup, a den/family room, 2+ baths, balconies, and a large terrace
- Parking includes 3‑car attached garages
- Separate gas and electric meters for each unit
- Public utilities: public water and public sewer; forced‑air heat and central air
Overview
This two-family home is configured as two separate apartment units within a single property, with a total of three-car attached garages. Apartment 1 includes a living room, dining room, two bedrooms, and two baths, along with a balcony. Apartment 2 features a living room and dining room, two bedrooms with balconies, a bonus room that could serve as a third bedroom, and 2.5 baths, plus a large terrace for entertaining. Both apartments have laundry hook-ups and central air. The basement provides two additional rooms. The units also have separate gas and electric meters, supporting independent utility management.
The property is located near the Perth Amboy waterfront. A bus stop is across the street, and the train station is described as about a 10-minute stroll, offering direct trains to NYC.
For buyers looking for a practical owner-occupied or investment setup, the layout supports flexible use between the two units while maintaining clear separation via separate meters. The combination of balconies, a terrace, central air, and laundry hook-ups can appeal to tenants seeking in-unit comfort and outdoor space. The seller also notes potential rental income of more than $72,000 per year. Maintenance is described as handled through snow removal and landscaping management.
The property is located near the Perth Amboy waterfront. A bus stop is across the street, and the train station is described as about a 10-minute stroll, offering direct trains to NYC.
For buyers looking for a practical owner-occupied or investment setup, the layout supports flexible use between the two units while maintaining clear separation via separate meters. The combination of balconies, a terrace, central air, and laundry hook-ups can appeal to tenants seeking in-unit comfort and outdoor space. The seller also notes potential rental income of more than $72,000 per year. Maintenance is described as handled through snow removal and landscaping management.
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Perth Amboy
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2646645
- Latitude
- 40.5074404
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family residence near the waterfront with two units, central air, separate utilities, and a rare three-car attached garage setup.
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: Two‑family home built in 1980 with both units featuring 2 bedrooms and central air; Unit 1 offers living room, dining room, kitchen, laundry hookup, 2+ baths, and a balcony; Unit 2 offers living room, dining room, kitchen, laundry hookup, a den/family room, 2+ baths, balconies, and a large terrace
