Duplex with Detached
For Sale
Under Contract
$615,000
694 Johnstone Street, Perth Amboy, NJ 08861
Residential Income, Perth Amboy, NJ
Property Size1,536 SF
Lot Size0.11 Acres
Price / SF$400.39
Days on Market55
Property Features for 694 Johnstone Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-50
Zoning description
Conform to Zoning
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement, Den
Parking features
Garage
Interior features
Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room, Den/Family Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath)
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
Lot features
Corner Lot
Elementary school district
Perth Amboy City School Distri
Middle school district
Perth Amboy City School Distri
High school district
Perth Amboy City School Distri
Standard status
Active Under Contract
APN
1600336000000003
Size
1,536 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8558
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1940
Flooring type
Carpet
Building materials
Metal Siding
Buildings
1
Listing Agency:
PETRA BEST REALTY LLC
Listed By:
Enrique Hernandez
(732) 442-1400
Added: Sep 9
Changed: Oct 23
Last Checked: Nov 2 at 4:06AM
MLS# 2704169R
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.
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Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex contains two apartments, each with two bedrooms, a kitchen, and a full bathroom. The first-floor unit also includes an enclosed sunroom and a den or family room; the upper unit has attic storage. A full unfinished basement provides additional storage and utility space, and two detached one-car garages are on the property.
The 0.1148-acre parcel is zoned R-50. The property is served by public water and public sewer and has baseboard, hot-water heating. Built in 1940, it is being sold as-is; the buyer is responsible for the certificate of occupancy and repairs.
The 0.1148-acre parcel is zoned R-50. The property is served by public water and public sewer and has baseboard, hot-water heating. Built in 1940, it is being sold as-is; the buyer is responsible for the certificate of occupancy and repairs.
Key Highlights
- Two apartments, each with 2 bedrooms, a kitchen, and 1 full bath
- 1,536‑square‑foot building on 0.1148 acres
- Two detached one‑car garages
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.
How Realmo checks its estimates
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments provide two-bedroom layouts, with shared basement storage and utility space.
Where is this duplex located?
The property is located at 694 Johnstone Street 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 apartments, each with 2 bedrooms, a kitchen, and 1 full bath; 1,536‑square‑foot building on 0.1148 acres; Two detached one‑car garages
