Triplex with Three Two-Bedroom
For Sale
$699,000
640 Elizabeth Street, Perth Amboy, NJ 08861
Residential Income, Perth Amboy, NJ
Property Size2,141 SF
Lot Size0.07 Acres
Price / SF$326.48
Days on Market100
Property Features for 640 Elizabeth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-25
Zoning description
Buyer Should Verify
Rooms
Basement
Parking features
On Street
Patio and Porch features
Patio, Porch
Interior features
Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(2 Bedrooms, Kitchen, 1 Bath)
Exterior features
Barbecue, Patio, Porch(es) - Open, Storage Shed, Porch
Accessibility
Accessible Approach with Ramp
Appliances
Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven), Unit 3(Range/Oven)
Lot features
Level
Elementary school district
Perth Amboy City School Distri
Middle school district
Perth Amboy City School Distri
High school district
Perth Amboy City School Distri
Standard status
Active
APN
16003500000000031
Size
2,141 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7983
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Hot Water(Heating), Baseboard, Central
Cooling system
Wall Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1909
Floors in Building
3
Building materials
Stucco, Vinyl Siding
Roof type
Asphalt
Additional Structures
Storage
Listing Agency:
PETRA BEST REALTY LLC
(732) 442-1400
Listed By:
Elvis Collado
(973) 951-1697
Added: Jul 9
Changed: Oct 15
Last Checked: Oct 16 at 4:06AM
MLS# 2700689R
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.
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Investment Insights
Based on property information with market context.
This 2,141-square-foot triplex contains three apartments, each with two bedrooms and a kitchen; two units also have a full bathroom and living room. The third-floor unit includes two additional attic rooms reached by a separate entrance. Built in 1909, the property has a 0.0654-acre lot and R-25 zoning.
Exterior features include a patio, porches, and a storage shed. Public water and sewer serve the property, and on-street parking is available. The sale is as-is, with the buyer responsible for obtaining a certificate of occupancy from the City.
Exterior features include a patio, porches, and a storage shed. Public water and sewer serve the property, and on-street parking is available. The sale is as-is, with the buyer responsible for obtaining a certificate of occupancy from the City.
Key Highlights
- Three apartments, each with two bedrooms
- 2,141 square feet on a 0.0654‑acre lot
- Third‑floor unit includes two attic rooms and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,832
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,640
$716.6K
Cap Rate 7%
$511,886
$511.9K
Cap Rate 9%
$398,133
$398.1K
Market Conditions
NOI Build-Up for 2,141 SF
Gross rent
$54.7K $25.56/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$51.2K $23.91/SF
− OpEx
−$15.4K −$7.17/SF
NOI
$35.8K $16.74/SF
Area
Middlesex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,640
Cap Rate 7%
$511,886
Cap Rate 9%
$398,133
Alternative Uses
Best Use
Multifamily LT 5
$511.9K
$447.9K – $597.2K
NOI $35,832 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$470.3K
$411.6K – $548.7K
NOI $32,924 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$559.1K
$489.2K – $652.2K
NOI $39,134 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
Explore this area
Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has a kitchen, and the third-floor residence is set to be vacant at closing.
Where is this triplex located?
The property is located at 640 Elizabeth Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three apartments, each with two bedrooms; 2,141 square feet on a 0.0654‑acre lot; Third‑floor unit includes two attic rooms and a separate entrance
