Two-Family Residential
68 Catalpa Avenue Perth Amboy, NJ 08861
68 Catalpa Avenue, Perth Amboy, NJ, 08861
$615,000
For Sale
$615,000
MULTI_FAMILY - Perth Amboy, NJ
Property Size2,559 SF
Lot Size0.08 Acres
Price / SF$240.33
Days on Market49
Property Features for 68 Catalpa Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Dining Room, Bathroom 2, Basement
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Unit 1(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Living Room)
- Exterior features
- Porch(es) - Open, Yard
- Appliances
- Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
- Standard status
- Active
- APN
- 1600005000000027
- Size
- 2,559 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8828
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Other (Heating)
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 2
- Building materials
- Vinyl Siding, Synthetic Stucco
Listing Agency
PETRA BEST REALTY LLC
(732) 442-1400
329 SMITH ST, Perth Amboy, NJ
Listed by
Enrique Hernandez
(732) 442-1400
Added: Jun 1 Checked: Jul 19 at 10:06 pm
MLS# 2616749R
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 two-family home presents a value-driven opportunity with several recent updates already completed. The property still requires additional work, making it well suited for investors looking to renovate, contractors building their next project, or buyers who want to tailor improvements to their preferences. The sale is strictly as-is.
The home is located about a block from the Perth Amboy waterfront and offers convenient access to shopping, dining, public transportation, and major roadways. Buyers should plan to conduct their own due diligence, as an abandoned in-ground oil tank has been reported on-site. All interested parties are encouraged to verify condition and address any site-specific concerns during their review.
With its duplex format and update potential, the property may appeal to those seeking a residential income asset that can be improved over time. The as-is sale structure also makes it a practical fit for buyers comfortable with renovation scope and timeline, particularly where cost control and value-add strategy are priorities.
The home is located about a block from the Perth Amboy waterfront and offers convenient access to shopping, dining, public transportation, and major roadways. Buyers should plan to conduct their own due diligence, as an abandoned in-ground oil tank has been reported on-site. All interested parties are encouraged to verify condition and address any site-specific concerns during their review.
With its duplex format and update potential, the property may appeal to those seeking a residential income asset that can be improved over time. The as-is sale structure also makes it a practical fit for buyers comfortable with renovation scope and timeline, particularly where cost control and value-add strategy are priorities.
Key Highlights
- Two‑family home built in 1919 with 2 bedrooms, kitchen, living room, and dining room per unit
- Each unit includes 1 bath; total rooms listed include two bathrooms and a basement
- Vinyl siding and synthetic stucco exterior with porch(es) and yard
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 | $65.4k | $25.56 |
| − Vacancy | −$4.2k | −$1.65 |
| EGI | $61.2k | $23.91 |
| − OpEx | −$18.4k | −$7.17 |
| NOI | $42.8k | $16.74 |
2,559 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$611.8K
$535.4K – $713.8K
NOI $42,828 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$562.2K
$491.9K – $655.9K
NOI $39,352 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$668.2K
$584.7K – $779.6K
NOI $46,774 @ 7.0% cap · market cap 7.61%
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 - Two-family home with recent updates and upside, sold strictly as-is for investor and contractor opportunities.
Where is this duplex located?
The property is located at 68 Catalpa Avenue Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑family home built in 1919 with 2 bedrooms, kitchen, living room, and dining room per unit; Each unit includes 1 bath; total rooms listed include two bathrooms and a basement; Vinyl siding and synthetic stucco exterior with porch(es) and yard
