Brick Two-Unit Duplex with Fenced
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 Market54
Property Features for 72 Pulaski Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Basement, 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
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 #564284
(732) 972-1000
Added: Jun 22
Changed: Aug 13
Last Checked: Aug 14 at 7:06AM
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.
Brick duplex on a 0.06-acre lot, built in 1910 and arranged as two distinct units with separate entrances. Each unit has its own gas and electric meters, supporting independent utility management. The property includes a spacious, fenced-in backyard and a patio, along with on-street parking.
The home is supported by public water and public sewer. Heating is baseboard, and the hot water heaters and boilers are approx 3-4 years old.
With two separate units, this layout can support owner-occupant and investment strategies where one unit helps offset housing costs while maintaining separate utility services for each side.
The home is supported by public water and public sewer. Heating is baseboard, and the hot water heaters and boilers are approx 3-4 years old.
With two separate units, this layout can support owner-occupant and investment strategies where one unit helps offset housing costs while maintaining separate utility services for each side.
Key Highlights
- 0.06‑acre lot with brick duplex construction built in 1910
- Two distinct units with separate entrances
- Separate gas and electric meters for each unit
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
Property Profile
Current Use
Lease Details
2
Residential units
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
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 - Two separate units with separate entrances and gas/electric meters, plus a fenced backyard and patio on a public utilities lot.
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: 0.06‑acre lot with brick duplex construction built in 1910; Two distinct units with separate entrances; Separate gas and electric meters for each unit
