Cape Cod Duplex-Style
67 Madison Street Gillette, NJ 07933
For Sale
$640,000
Pending
Cape Cod home with two full bathrooms, two kitchens, and flexible living spaces across two levels, plus generator and garage.
Property Size1,564 SF
Lot Size0.47 Acres
Days on Market105
Property Features for 67 Madison Street
General Information
- Standard status
- Pending
- Size
- 1,564 SF
- Lot size
- 0.47 Acres
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 1946
Listing Agency:
RE/MAX PREMIER
(908) 754-1500
Listed By:
DAVID BURKE · License #212308
(908) 754-1500
Source:
Compass
Added: Apr 10
Changed: Jul 23
Last Checked: Jul 23 at 3:11AM
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 PREMIER
Investment Insights
Based on property information with market context.
This Cape Cod duplex-style residence offers two full baths and multiple living areas spread across two levels. The main level includes a bright living area, eat-in kitchen, one bedroom, sitting room, and a full bath. The second level features a kitchen, bedroom, sitting room, and a second full bath.
Additional features include a full house generator, a one-car garage, and an ample driveway for parking. The property sits on a level, expansive backyard, with mature trees and established homes contributing to a sense of privacy.
Located on Madison Street in Gillette, the home is within Long Hill Township and is described as being close to schools, local parks, shopping, dining, and major commuter routes, including NJ Transit.
Additional features include a full house generator, a one-car garage, and an ample driveway for parking. The property sits on a level, expansive backyard, with mature trees and established homes contributing to a sense of privacy.
Located on Madison Street in Gillette, the home is within Long Hill Township and is described as being close to schools, local parks, shopping, dining, and major commuter routes, including NJ Transit.
Key Highlights
- Cape Cod home built in 1946 with 1,564 sq ft of living space on a 0.47‑acre lot in Gillette
- Two full bathrooms and two kitchens with flexible living spaces across main and second levels
- Walkout basement and patio on the exterior, with asphalt shingle roof and composition siding
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 | $40.0k | $25.56 |
| − Vacancy | −$2.6k | −$1.65 |
| EGI | $37.4k | $23.91 |
| − OpEx | −$11.2k | −$7.17 |
| NOI | $26.2k | $16.74 |
1,564 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.9K
$327.2K – $436.3K
NOI $26,175 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$343.6K
$300.6K – $400.9K
NOI $24,051 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$408.4K
$357.3K – $476.5K
NOI $28,587 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Cape Cod home with two full bathrooms, two kitchens, and flexible living spaces across two levels, plus generator and garage.
Where is this duplex located?
The property is located at 67 Madison Street Gillette, NJ.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Cape Cod home built in 1946 with 1,564 sq ft of living space on a 0.47‑acre lot in Gillette; Two full bathrooms and two kitchens with flexible living spaces across main and second levels; Walkout basement and patio on the exterior, with asphalt shingle roof and composition siding
