Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Perth Amboy Multifamily Opportunity Title is generated by Realmo AI

    611 Pacific Avenue, Perth Amboy, NJ 08862

    View on Map
    Claim this Listing
    New
    For Sale
    $649,000

    MULTI_FAMILY - Perth Amboy, NJ

    Property size:
    2,020 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $321/SF
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 3:06 pm

    Property Features for 611 Pacific Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Basement
    Full
    Standard status
    Active
    APN
    16-00282-0000-00043
    Size
    2,020 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9286

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1947
    Floors in Building
    1
    Number of units
    2

    We can help!

    Listing Contact
    Anthony Genovese
    Anthony Genovese

    Listing agent Anthony Genovese License #NJ1859350

    Listing office VRI Homes 55 W Front Street, Hazlet, NJ

    Listing date May 22, 2026

    MLS# 22615255 Listing URL

    Copyright © 2026 More 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

    • Legal two‑family property, ideal for owner‑occupant or investor.
    • Features two units: a 3‑bedroom, 1‑bath unit and a 2‑bedroom, 1‑bath unit.
    • Includes a detached 2‑car garage and driveway parking.
    • Enjoy Central Air Conditioning.
    • Boasts a larger yard than many nearby multifamily properties.
    • Full unfinished basement.

    Overview

    This legal two-family property in Perth Amboy presents an opportunity with potential for increased value. The property features a first-floor unit with 3 bedrooms and 1 bathroom, and a second-floor unit with 2 bedrooms and 1 bathroom. Additional features include a full unfinished basement, driveway parking, and a detached 2-car garage. The property also includes a yard. The property is being sold as-is.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $375.6K
    NOI $33,807 @ 9.00% cap · cautious / downside scenario
    Moderate
    $483.0K
    NOI $33,807 @ 7.00% cap · market / base-case scenario
    Aggressive
    $676.1K
    NOI $33,807 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $51.6k $25.56
    − Vacancy −$3.3k −$1.65
    EGI $48.3k $23.91
    − OpEx −$14.5k −$7.17
    NOI $33.8k $16.74
    2,020 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $483.0K
    $422.6K – $563.5K (±1% cap)
    NOI $33,807 @ 7.0% cap · market cap 5.21%
    Second Best
    Apartment 5plus
    $443.8K
    $388.3K – $517.7K (±1% cap)
    NOI $31,064 @ 7.0% cap · market cap 4.79%
    Theoretical Best
    Office A
    $527.5K
    $461.5K – $615.4K (±1% cap)
    NOI $36,922 @ 7.0% cap · market cap 5.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.279493
    Latitude
    40.522173

    Nearby Similar for Sale

    • $675,000
      2,600 SF

      Corner Commercial Investment Opportunity

      Fully occupied commercial building in Perth Amboy business corridor.
      591 New Brunswick Avenue, Perth Amboy, NJ 08861
      View Details
    • $300,000
      2,800 SF

      Established Mini-Market For Sale

      Long-time established mini-market for sale with equipment and inventory.
      432 State Street, Perth Amboy, NJ 08861
      View Details
    • $1,075,000
      2,868 SF

      Perth Amboy Multi-Family Investment

      High-yield 3-family property with income-generating units and garages.
      361 Prospect Street, Perth Amboy, NJ 08861
      View Details
    • $4,500
      2,767 SF

      Perth Amboy Commercial Storefront Unit

      Versatile storefront unit ideal for retail or office use.
      287 New Brunswick Avenue, Perth Amboy, NJ 08861
      View Details
    • $579,000
      1,878 SF

      Multi-Family Investment Opportunity

      Income-producing property with conversion potential in a desirable location.
      168 1st Street, Perth Amboy, NJ 08861
      View Details
    • $2,700,000
      21,000 SF

      Unique Multi-Building Religious Property

      Versatile campus-style property ideal for religious, educational, or special-use.
      333 High St, Perth Amboy City, NJ 08861-4204
      View Details
    • $699,999
      2,302 SF

      Two-Family Home with Garages

      Two-family home near waterfront with attached garages and balconies.
      55 Smith St, Perth Amboy City, NJ 08861-4425
      View Details
    • $710,000
      2,038 SF

      Established Grocery Store with Apartment

      Grocery store with apartment for sale in Perth Amboy.
      199 Washington Street, Perth Amboy, NJ 08861
      View Details
    • $649,000
      2,020 SF

      Perth Amboy Multifamily Opportunity

      Two-family property with upside potential in Perth Amboy, New Jersey.
      611 Pacific Avenue, Perth Amboy, NJ 08861
      View Details
    • $2,200
      976 SF

      Perth Amboy Commercial Storefront Unit

      Versatile storefront or office space on a main street.
      287 New Brunswick Avenue, Perth Amboy, NJ 08861
      View Details
    • $140,000
      7,920 SF

      Established Grocery Store Opportunity

      Turn-key grocery store with proven performance in high-traffic location.
      238 New Brunswick Avenue, Perth Amboy, NJ 08861
      View Details
    • $999,999
      3,200 SF

      Commercial Property in Perth Amboy

      Commercial property for sale in Perth Amboy, New Jersey.
      85 Smith Street, Perth Amboy, NJ 08861
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family property with upside potential in Perth Amboy, New Jersey.
    Where is this duplex located?
    The property is located at 611 Pacific Avenue Perth Amboy, NJ.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Legal two‑family property, ideal for owner‑occupant or investor.; Features two units: a 3‑bedroom, 1‑bath unit and a 2‑bedroom, 1‑bath unit.; Includes a detached 2‑car garage and driveway parking.
    (732) 264-9593
    We can help!
    Listing Contact
    Anthony Genovese
    Anthony Genovese
    Real Estate License ID: NJ1859350
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    611 Pacific Avenue, Perth Amboy, NJ 08862
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!