Two-Story Mixed-Use
For Sale
$575,000
75-77 Main St, Sussex, NJ 07461
Multi-Family, 2-Two Story, Sussex Boro, NJ
Property Size2,900 SF
Lot Size0.05 Acres
Price / SF$198.28
Days on Market148
Property Features for 75-77 Main St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-1
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1
Parking
3
Directions
on Main St
Standard status
Active
Size
2,900 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7598
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
FAIRCLOUGH REALTORS
(973) 726-7800
Listed By:
MARC WEITZ · License #296166
(646) 408-8024
Added: May 12
Changed: Sep 23
Last Checked: Oct 6 at 9:06PM
MLS# 4026945
Copyright © 2026 Garden State MLS, LLC. 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 two-story mixed-use property at 75-77 Main St includes 2,900 square feet on a 0.05-acre lot. The building contains two one-bedroom apartments, two retail spaces occupied by one retail tenant, and basement storage leased separately. Both apartments have been recently renovated. The property was built in 1950 and is served by public water and public sewer.
The property includes rear parking for two to three cars and a shingle roof scheduled as brand new for 2026. Landlord-paid services include water, sewer, gas, and commercial heating; apartment occupants pay their own gas heat. Zoning is C-1, and the retail lease runs through 2030.
The property includes rear parking for two to three cars and a shingle roof scheduled as brand new for 2026. Landlord-paid services include water, sewer, gas, and commercial heating; apartment occupants pay their own gas heat. Zoning is C-1, and the retail lease runs through 2030.
Key Highlights
- 8.5% cap rate
- 2,900‑square‑foot mixed‑use building on 0.05 acres
- Two recently renovated 1‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,596
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,920
$891.9K
Cap Rate 7%
$637,086
$637.1K
Cap Rate 9%
$495,511
$495.5K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$87.0K $30.00/SF
− Vacancy
−$5.9K −$2.04/SF
EGI
$81.1K $27.96/SF
− OpEx
−$36.5K −$12.58/SF
NOI
$44.6K $15.38/SF
Area
Sussex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,920
Cap Rate 7%
$637,086
Cap Rate 9%
$495,511
Alternative Uses
Best Use
Apartment 5plus
$637.1K
$557.5K – $743.3K
NOI $44,596 @ 7.0% cap · market cap 7.76%
Second Best
Retail
$591.3K
$517.4K – $689.9K
NOI $41,393 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$757.2K
$662.6K – $883.5K
NOI $53,007 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 07461, NJ
18,530
Population
7,972
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
83.0 sq mi
ZIP Area
223
Density / Sq Mi
$104,441
Median Household Income
$46,590
Median Earnings
$1,456
Median Rent
$338,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit commercial property with renovated apartments, leased retail space, basement storage, and C-1 zoning.
Where is this mixed-use property located?
The property is located at 75-77 Main St Sussex, 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: 8.5% cap rate; 2,900‑square‑foot mixed‑use building on 0.05 acres; Two recently renovated 1‑bedroom apartments
