Corner Two-Story Apartment
For Sale
$735,000
6 Leigh St, Clinton, NJ 08809
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$181.03
Days on Market94
Property Features for 6 Leigh St
General Information
Standard status
Active
Size
4,060 SF
Zoning
C-1
Building Details
Year Built
1895
Stories
2
Listing Agency:
BHHS FOX & ROACH
Listed By:
TIM DELUCCIA · License #8243435
(732) 469-1515
Source:
Thebansalteam
Added: Jul 19
Changed: Oct 16
Last Checked: Oct 7 at 3:03PM
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
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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”
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,435
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,248,700
$1.2M
Cap Rate 7%
$891,929
$891.9K
Cap Rate 9%
$693,722
$693.7K
Market Conditions
NOI Build-Up for 4,060 SF
Gross rent
$121.8K $30.00/SF
− Vacancy
−$8.3K −$2.04/SF
EGI
$113.5K $27.96/SF
− OpEx
−$51.1K −$12.58/SF
NOI
$62.4K $15.38/SF
Area
Hunterdon County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,248,700
Cap Rate 7%
$891,929
Cap Rate 9%
$693,722
Alternative Uses
Best Use
Apartment 5plus
$891.9K
$780.4K – $1.04M
NOI $62,435 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$927.6K – $1.24M
NOI $74,210 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
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Business Placement
Demographics for 08809, NJ
7,255
Population
2,353
Households
3.1
Avg Household Size
44
Median Age
52%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
1,051
Density / Sq Mi
$127,169
Median Household Income
$68,209
Median Earnings
$1,721
Median Rent
$413,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $735,000.
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”
