Two-Unit Duplex with
For Sale
$615,000
Pending
694 Johnstone St, Perth Amboy, NJ 08861
Corner-lot duplex with separate living spaces, basement storage, and detached garage parking.
Property Size1,536 SF
Days on Market54
Property Features for 694 Johnstone St
General Information
Standard status
Pending
Size
1,536 SF
Total Parking Spaces
2
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,558
Building Details
Building Size
1,536 SF
Year Built
1940
Buildings
1
Stories
200
Listing Agency:
Petra Best Realty LLC
Listed By:
ENRIQUE HERNANDEZ
(732) 442-1400
Source:
Elliman
Added: Sep 10
Changed: Oct 25
Last Checked: Nov 1 at 7:46AM
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 Petra Best Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1940, this duplex contains two residential units with distinct layouts. The first-floor residence includes an enclosed sunroom, living room, two bedrooms, full bathroom, and eat-in kitchen. Upstairs, the second unit provides two bedrooms, an oversized living room, full bathroom, eat-in kitchen, and attic storage.
A full unfinished basement adds utility and storage space, while two detached one-car garages provide separate parking. The property occupies a corner lot with mature landscaping and is positioned near schools, parks, shopping, major highways, and public transportation. Walk Score is 59, Transit Score is 36, and bikeScore is 48.
A full unfinished basement adds utility and storage space, while two detached one-car garages provide separate parking. The property occupies a corner lot with mature landscaping and is positioned near schools, parks, shopping, major highways, and public transportation. Walk Score is 59, Transit Score is 36, and bikeScore is 48.
Key Highlights
- Two residential units, each with 2 bedrooms, a full bathroom, and an eat‑in kitchen
- First‑floor unit includes an enclosed sunroom
- Second‑floor unit features an oversized living room and attic storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,707
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,140
$514.1K
Cap Rate 7%
$367,243
$367.2K
Cap Rate 9%
$285,633
$285.6K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$39.3K $25.56/SF
− Vacancy
−$2.5K −$1.65/SF
EGI
$36.7K $23.91/SF
− OpEx
−$11.0K −$7.17/SF
NOI
$25.7K $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%
$514,140
Cap Rate 7%
$367,243
Cap Rate 9%
$285,633
Alternative Uses
Best Use
Multifamily LT 5
$367.2K
$321.3K – $428.5K
NOI $25,707 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$337.4K
$295.3K – $393.7K
NOI $23,621 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$401.1K
$351.0K – $467.9K
NOI $28,076 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,217
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with separate living spaces, basement storage, and detached garage parking.
Where is this duplex located?
The property is located at 694 Johnstone St 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 residential units, each with 2 bedrooms, a full bathroom, and an eat‑in kitchen; First‑floor unit includes an enclosed sunroom; Second‑floor unit features an oversized living room and attic storage
