Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rahway Turnkey 2-Family Investment Title is generated by Realmo AI

    763 Audrey Dr, Rahway, NJ 07065

    View on Map
    Claim this Listing
    For Sale
    $649,900

    Newly renovated 2-family property in Rahway, ideal for investors.

    Type:Multi Family
    Added:
    Apr 15, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 14 at 6:55 am

    Property Features for 763 Audrey Dr

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    We can help!

    Listing Contact
    ANAIS CANELA

    Listing agent ANAIS CANELA License #2078436

    Listing office

    Listing date Apr 15, 2026

    Source Elliman

    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 ANAIS CANELA

    HighLights

    • Turnkey and Move‑in Ready: Newly renovated 2‑bedroom apartments in both units offer immediate occupancy and income potential.
    • Income‑Producing Investment: Ideal for investors seeking strong rental income or owner‑occupants looking to offset mortgage costs.
    • Two Separate Units: Provides flexibility for renting out both units or living in one while renting the other.
    • Convenient Location: Close proximity to transportation, shopping, and major highways.
    • Full Basement with Separate Entrance: Offers additional storage space and potential for further development.
    • Newly Renovated: Modern updates throughout both units enhance appeal and reduce maintenance concerns.

    Overview

    This is a turnkey 2-family property located in Rahway. Both units feature newly renovated 2-bedroom apartments. The property includes a full basement with a separate entrance, offering additional storage and potential. It is suitable for investors or owner-occupants seeking rental income. The location provides convenient access to transportation, shopping, and major highways. The property is move-in ready and income-producing. The bike score is 57, indicating it is bikeable. The walk score is 62, meaning it is somewhat walkable. The transit score is 33, suggesting some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rahway
    County
    Union
    State
    New Jersey
    Longitude
    -74.2746859
    Latitude
    40.624857

    Nearby Similar for Sale

    • $750,000
      2,320 SF

      Spacious Duplex in Rahway City

      Two-family duplex with investment and owner-occupant potential near NYC.
      355 W Scott Ave, Rahway City, NJ 07065-4207
      View Details
    • $785,000

      Rahway City Triplex Opportunity

      Three-unit property near downtown Rahway with investment potential.
      1004 Jaques Ave, Rahway City, NJ 07065-3961
      View Details
    • $699,000

      Updated Duplex Near Downtown Rahway

      Updated side-by-side duplex with finished basements and private backyards.
      1652-54 Park St, Rahway City, NJ 07065-5208
      View Details
    • $629,900

      Rahway City Two-Family Home

      Well-maintained two-family home with spacious units in desirable Rahway location.
      743 Audrey Dr, Rahway City, NJ 07065-3739
      View Details
    • $649,900

      Rahway City Duplex For Sale

      Duplex near shopping, dining, and amenities with a large backyard.
      1922 Barnett St, Rahway City, NJ 07065-5702
      View Details
    • $699,900

      Rahway City Two-Family Home

      Two-family home in Rahway City with expansion potential.
      196 E Grand Ave, Rahway City, NJ 07065-4508
      View Details
    • $859,000
      3,336 SF

      Rahway Triplex Investment Opportunity

      Tenant-occupied triplex with solid rental income near Rahway NJ Transit.
      1751 Oliver Street, Rahway, NJ 07065
      View Details
    • $815,000

      Renovated Multi-Family in Rahway City

      Move-in ready, renovated two-family property near public transit.
      132 Oak St, Rahway City, NJ 07065-3021
      View Details
    • $850,000
      990 SF

      Renovated Repair Shop For Sale

      Strategically located, renovated repair shop with high traffic exposure.
      1066 Westfield Ave, Rahway City, NJ 07065
      View Details
    • $1,400,000

      Remodeled Multi-Family Investment Property

      Fully rented, remodeled four-family property in Rahway City, New Jersey.
      1599 Oliver St, Rahway City, NJ 07065-3425
      View Details
    • $2,800,000
      9,478 SF

      Fully Leased Apartment Building

      Well-maintained 12-unit apartment building on 0.32 acres.
      388-398 Union Street | Rahway, NJ 07065
      View Details
    • $599,000

      Rahway Two-Family Near Train

      Well-maintained two-family near Rahway train station.
      84 W Cherry St, Rahway, NJ 07065-3240
      View Details

    FAQs

    What type of property is this?
    Duplex - Newly renovated 2-family property in Rahway, ideal for investors.
    Where is this duplex located?
    The property is located at 763 Audrey Dr Rahway, NJ.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: Turnkey and Move‑in Ready: Newly renovated 2‑bedroom apartments in both units offer immediate occupancy and income potential.; Income‑Producing Investment: Ideal for investors seeking strong rental income or owner‑occupants looking to offset mortgage costs.; Two Separate Units: Provides flexibility for renting out both units or living in one while renting the other.
    (732) 862-7226
    We can help!
    Listing Contact
    ANAIS CANELA
    Real Estate License ID: 2078436
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    763 Audrey Dr, Rahway, NJ 07065-3739
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!