Corner Two-Story Apartment
6 Leigh St Clinton, NJ 08809
New
6 Leigh St, Clinton, NJ, 08809
$825,000
For Sale
$825,000
Two-story, free-standing six-unit income property on a corner location with remodeled interiors and upgraded kitchen and baths.
Property Size4,060 SF
Price / SF$203.20
Days on Market5
Property Features for 6 Leigh St
General Information
- Standard status
- Active
- Size
- 4,060 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1895
Listing Agency
BHHS FOX & ROACH
(732) 469-1515
Listed by
TIM DELUCCIA
Source
Corcoran
Added: Jul 17 Updated: Jul 20 at 2:40 am Checked: Jul 20 at 2:40 am
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 BHHS FOX & ROACH
Investment Insights
Based on property information with market context.
This two-story, free-standing apartment building contains six income-producing units and is presented as a well-kept investment. The property has been remodeled top to bottom, including upgraded bathrooms and a renovated kitchen, along with blown-in insulation.
Situated at 6 Leigh St in Clinton Town, NJ 08809, the building is described as being in a corner location and is listed with C-1 zoning.
The combination of unit count and recent interior updates may appeal to buyers seeking a turnkey-looking multifamily asset with improvements already in place.
Situated at 6 Leigh St in Clinton Town, NJ 08809, the building is described as being in a corner location and is listed with C-1 zoning.
The combination of unit count and recent interior updates may appeal to buyers seeking a turnkey-looking multifamily asset with improvements already in place.
Key Highlights
- 1895‑built, two‑story, free‑standing six‑unit income property
- Corner location in the heart of historic downtown Clinton
- Remodeled interior throughout, described as “top to bottom”
Local Financial Insights For Apartment 5plus
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 | $121.8k | $30.00 |
| − Vacancy | −$8.3k | −$2.04 |
| EGI | $113.5k | $27.96 |
| − OpEx | −$51.1k | −$12.58 |
| NOI | $62.4k | $15.38 |
4,060 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$891.9K
$780.4K – $1.04M
NOI $62,435 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$927.6K – $1.24M
NOI $74,210 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hecht Bonnie R ...
Physician
International Healthcare Media, ...
Media Distribution
True & Associates
Insurance Agency
Minnitti Vincent A PHD
Physician
Henley David PhD
Physician
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FAQs
What type of property is this?
Apartment building - Two-story, free-standing six-unit income property on a corner location with remodeled interiors and upgraded kitchen and baths.
Where is this apartment building located?
The property is located at 6 Leigh St Clinton, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1895‑built, two‑story, free‑standing six‑unit income property; Corner location in the heart of historic downtown Clinton; Remodeled interior throughout, described as “top to bottom”
