2-Bedroom Duplex with
For Sale
$390,000
686 Colgate Avenue, Perth Amboy, NJ 08862
Residential, Duplex, Perth Amboy, NJ
Property Size928 SF
Lot Size0.06 Acres
Price / SF$420.26
Days on Market36
Property Features for 686 Colgate Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Residential, Single Family, Neighborhood
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Basement
Parking features
Driveway, On Street
Patio and Porch features
Deck, Porch, Patio
Pets allowed
Cats OK, Dogs OK
Interior features
Attic - Pull Down Stairs
Exterior features
Lighting
Fencing
Fenced
Basement
Unfinished
Lot features
Fenced Area
Directions
Right on Hanson to right on Bingle to right on Colgate.
Standard status
Active
APN
16-00302-0000-00045
Size
928 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5231
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1942
Floors in Building
2
Flooring type
Laminate, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty Monmouth/Ocean
(732) 942-5280
Listed By:
Kandice Antenucci · License #1862388
(732) 942-5280
Added: Jul 17
Changed: Aug 20
Last Checked: Aug 21 at 9:06PM
MLS# 22621251
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.
Investment Insights
Based on property information with market context.
This 2-bedroom, 1-bath half-duplex offers 928 square feet across a practical two-story layout. The main level combines living and dining areas with a galley kitchen, pantry storage, and access to a deck and fenced backyard. Two bedrooms and a newer full bath are located upstairs, while the full basement provides additional unfinished space. Interior details include laminate and carpet flooring plus pull-down attic stairs.
The home includes a brand-new shingle roof, a hot water heater that is 1.5 years old, natural-gas forced-air heat, and central air conditioning. A driveway and on-street parking are available. Public water and sewer serve the property. The home is near shopping, dining, the waterfront, major highways, and commuter depots offering access toward NYC.
The home includes a brand-new shingle roof, a hot water heater that is 1.5 years old, natural-gas forced-air heat, and central air conditioning. A driveway and on-street parking are available. Public water and sewer serve the property. The home is near shopping, dining, the waterfront, major highways, and commuter depots offering access toward NYC.
Key Highlights
- 928 square feet on a 0.06‑acre lot
- 2‑bedroom, 1‑bath half‑duplex with a full basement
- Brand‑new shingle roof and HWH 1.5 years old
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,531
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,620
$310.6K
Cap Rate 7%
$221,871
$221.9K
Cap Rate 9%
$172,567
$172.6K
Market Conditions
NOI Build-Up for 928 SF
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.
Gross rent
$23.7K $25.56/SF
− Vacancy
−$1.5K −$1.65/SF
EGI
$22.2K $23.91/SF
− OpEx
−$6.7K −$7.17/SF
NOI
$15.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,620
Cap Rate 7%
$221,871
Cap Rate 9%
$172,567
Alternative Uses
Best Use
Multifamily LT 5
$221.9K
$194.1K – $258.9K
NOI $15,531 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$203.9K
$178.4K – $237.9K
NOI $14,271 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$242.3K
$212.0K – $282.7K
NOI $16,962 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fenced outdoor space, a newer full bath, and central air complement the functional residential layout.
Where is this duplex located?
The property is located at 686 Colgate Avenue Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 928 square feet on a 0.06‑acre lot; 2‑bedroom, 1‑bath half‑duplex with a full basement; Brand‑new shingle roof and HWH 1.5 years old
