Duplex with Separate
For Sale
$575,000
Pending
72 Pulaski Avenue, Carteret, NJ 07008
Multi-Family, Carteret, NJ
Property Size1,540 SF
Lot Size0.06 Acres
Days on Market91
Property Features for 72 Pulaski Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2
Parking features
On Street
Patio and Porch features
Patio
Fencing
Fenced
Basement
Full
Middle school
Lincoln
High school
Carteret
Directions
Exit 12 Off Nj Turnpike, Left On Roosevelt Continue To Cypress, Left On Pulaski
Standard status
Pending
APN
01-06905-0000-00011
Size
1,540 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7548
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Amenities
fenced-in backyard
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
RE/MAX Central · RE/MAX International
(732) 972-1000
Listed By:
Lori Bocchieri-Bennett · License #24560
(732) 239-8044
Added: Jun 22
Changed: Sep 13
Last Checked: Sep 20 at 11:06AM
MLS# 22618905
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 1,540-square-foot brick duplex, built in 1910, contains two distinct residential units with separate entrances and individual gas and electric meters. The property includes a fenced backyard, patio, basement, baseboard heating, on-street parking, public water, and public sewer. Hot water heaters and boilers are approximately 3-4 years old.
The home is located in Carteret near Woodbridge Train Station, NJ bus service, grocery stores, dining, Carteret Park, and the URSB Performing Arts & Events Center. Carteret Waterfront Park and Marina, including its riverwalk and fishing pier, are also nearby. The lot measures 0.06 acres.
The home is located in Carteret near Woodbridge Train Station, NJ bus service, grocery stores, dining, Carteret Park, and the URSB Performing Arts & Events Center. Carteret Waterfront Park and Marina, including its riverwalk and fishing pier, are also nearby. The lot measures 0.06 acres.
Key Highlights
- Two distinct units with separate entrances
- Separate gas and electric meters for each unit
- 1,540 square feet on a 0.06‑acre lot
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
$25,774
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
4.48%
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%
$515,480
$515.5K
Cap Rate 7%
$368,200
$368.2K
Cap Rate 9%
$286,378
$286.4K
Market Conditions
NOI Build-Up for 1,540 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
$39.4K $25.56/SF
− Vacancy
−$2.5K −$1.65/SF
EGI
$36.8K $23.91/SF
− OpEx
−$11.0K −$7.17/SF
NOI
$25.8K $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%
$515,480
Cap Rate 7%
$368,200
Cap Rate 9%
$286,378
Alternative Uses
Best Use
Multifamily LT 5
$368.2K
$322.2K – $429.6K
NOI $25,774 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$338.3K
$296.0K – $394.7K
NOI $23,682 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$402.1K
$351.9K – $469.2K
NOI $28,149 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 07008, NJ
25,342
Population
8,717
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
5,760
Density / Sq Mi
$87,712
Median Household Income
$42,770
Median Earnings
$2,012
Median Rent
$370,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit brick property with individually metered utilities, a private fenced yard, and patio space in Carteret.
Where is this duplex located?
The property is located at 72 Pulaski Avenue Carteret, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two distinct units with separate entrances; Separate gas and electric meters for each unit; 1,540 square feet on a 0.06‑acre lot
