Two-Unit
New
For Sale
$825,000
66 New Irondale Rd 2, Wharton, NJ 07885
The 1999 Colonial-style building contains two separate living units.
Property Size3,324 SF
Lot Size0.54 Acres
Price / SF$248.19
Days on Market4
Property Features for 66 New Irondale Rd 2
General Information
Standard status
Active
Size
3,324 SF
Lot size
0.54 Acres
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$17,861
Amenities
outdoor space
Building Details
Year Built
1999
Units
2
Construction
Colonial-style
Listing Agency:
RE/MAX PROPERTIES-SADDLE RIVER
Listed By:
FRED MOLINA
(201) 370-2920
Source:
Elliman
Added: Nov 3
Last Checked: Nov 4 at 12:50PM
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 RE/MAX PROPERTIES-SADDLE RIVER
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Colonial-style duplex, built in 1999, contains two distinct living units and approximately 3,324 square feet of living area on a 0.54-acre parcel. The property is offered in as-is condition.
At 66-68 New Irondale Road in Wharton, the property is minutes from Route 15 and I-80, with access to shopping and restaurants.
At 66-68 New Irondale Road in Wharton, the property is minutes from Route 15 and I-80, with access to shopping and restaurants.
Key Highlights
- Two separate living units
- Approximately 3,324 square feet of living area
- Built in 1999 on a 0.54‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,631
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,620
$1.1M
Cap Rate 7%
$794,729
$794.7K
Cap Rate 9%
$618,122
$618.1K
Market Conditions
NOI Build-Up for 3,324 SF
Gross rent
$85.0K $25.56/SF
− Vacancy
−$5.5K −$1.65/SF
EGI
$79.5K $23.91/SF
− OpEx
−$23.8K −$7.17/SF
NOI
$55.6K $16.74/SF
Area
Morris 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%
$1,112,620
Cap Rate 7%
$794,729
Cap Rate 9%
$618,122
Alternative Uses
Best Use
Multifamily LT 5
$794.7K
$695.4K – $927.2K
NOI $55,631 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$730.2K
$639.0K – $851.9K
NOI $51,116 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$868.0K
$759.5K – $1.01M
NOI $60,757 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 07885, NJ
11,521
Population
4,947
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
784
Density / Sq Mi
$100,903
Median Household Income
$52,325
Median Earnings
$1,961
Median Rent
$345,200
Median Home Value
Market
Properties on Market for Duplexes in Morris County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The 1999 Colonial-style building contains two separate living units.
Where is this duplex located?
The property is located at 66 New Irondale Rd 2 Wharton, 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: Two separate living units; Approximately 3,324 square feet of living area; Built in 1999 on a 0.54‑acre lot
