Zoned General Business Multifamily
603 Lincoln Boulevard Middlesex, NJ 08846
603 Lincoln Boulevard, Middlesex, NJ, 08846
$749,999
For Sale
Under Contract
$749,999
MULTI_FAMILY - Middlesex, NJ
Property Size2,184 SF
Lot Size0.14 Acres
Price / SF$343.41
Days on Market17
Property Features for 603 Lincoln Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- GB
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Basement, Bathroom 1
- Parking features
- Garage
- Interior features
- Unit 1(1 Bedroom, 2+ Baths), Unit 2(2 Bedrooms, 1 Bath)
- Appliances
- Water Heater(Gas)
- Standard status
- Active Under Contract
- APN
- 1000314000000003
- Size
- 2,184 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11136
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant, Baseboard
- Cooling system
- Window Unit(s), Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
Listing Agency
REAL
(855) 450-0442
165 PASSAIC AVE, Red Bank, NJ
Listed by
Julissa Rengifo
(212) 380-3203
Added: Jul 3 Checked: Jul 19 at 1:06 am
MLS# 2700410R
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.
Investment Insights
Based on property information with market context.
This well-maintained multifamily property offers two separate units. The first-floor unit includes 1 bedroom and 2 full baths. The second-floor unit features 2 bedrooms and 1 full bath, plus a finished attic with 2 additional bonus rooms that may provide flexible interior space, subject to buyer verification of permitted use.
The home is located in Middlesex and is described as conveniently near shopping, dining, major highways, and public transportation. The property also notes zoning for General business.
Additional details include exclusions from the sale: all air conditioning units and items currently stored in the garage. A storage container located to the right of the garage is included and may be used for additional storage. The property also provides a spacious driveway with parking for approximately 20 vehicles (no renters).
The home is located in Middlesex and is described as conveniently near shopping, dining, major highways, and public transportation. The property also notes zoning for General business.
Additional details include exclusions from the sale: all air conditioning units and items currently stored in the garage. A storage container located to the right of the garage is included and may be used for additional storage. The property also provides a spacious driveway with parking for approximately 20 vehicles (no renters).
Key Highlights
- Two‑unit multi‑family building built in 1920 with public water and public sewer
- Unit 1: 1 bedroom with 2 full baths on the first floor
- Unit 2: 2 bedrooms with 1 full bath on the second floor, plus a finished attic with 2 bonus rooms
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 | $55.8k | $25.56 |
| − Vacancy | −$3.6k | −$1.65 |
| EGI | $52.2k | $23.91 |
| − OpEx | −$15.7k | −$7.17 |
| NOI | $36.6k | $16.74 |
2,184 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$522.2K
$456.9K – $609.2K
NOI $36,552 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$479.8K
$419.8K – $559.8K
NOI $33,586 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$570.3K
$499.0K – $665.3K
NOI $39,920 @ 7.0% cap · market cap 5.32%
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 - Well-maintained two-unit property in Middlesex with a finished attic and a spacious driveway for approximately 20 vehicles.
Where is this duplex located?
The property is located at 603 Lincoln Boulevard Middlesex, NJ.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Two‑unit multi‑family building built in 1920 with public water and public sewer; Unit 1: 1 bedroom with 2 full baths on the first floor; Unit 2: 2 bedrooms with 1 full bath on the second floor, plus a finished attic with 2 bonus rooms
