Three-Unit Residential
768-B State Street, Perth Amboy, NJ 08861
For Sale
New
$815,000
Residential Income, Perth Amboy, NJ
Property Size1,962 SF
Lot Size0.05 Acres
Price / SF$415.39
Days on Market2
Property Features for 768-B State Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Appliances
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
REAL
(855) 450-0442
Listed By:
Dary Ortega · License NJ #307078
(973) 563-7313
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 8:06AM
MLS# 2707718R
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 1,962-square-foot brick property contains three residential units with a total of seven bedrooms and three bathrooms. The first-floor apartment has two bedrooms and one bathroom and has been renovated. A three-bedroom, one-bathroom unit occupies the second floor. The detached rear residence offers two bedrooms, one bathroom, an updated kitchen and bathroom, and fresh interior paint.
The 0.0464-acre property includes a patio and individual utilities. Built in 1940, it has baseboard heat, window-unit cooling, public water and sewer, and C-1 zoning.
The 0.0464-acre property includes a patio and individual utilities. Built in 1940, it has baseboard heat, window-unit cooling, public water and sewer, and C-1 zoning.
Key Highlights
- Three residential units with a combined 7 bedrooms and 3 bathrooms
- 1,962 square feet on a 0.0464‑acre lot
- Detached rear residence with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,836
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,720
$656.7K
Cap Rate 7%
$469,086
$469.1K
Cap Rate 9%
$364,844
$364.8K
Market Conditions
NOI Build-Up for 1,962 SF
Gross rent
$50.1K $25.56/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$46.9K $23.91/SF
− OpEx
−$14.1K −$7.17/SF
NOI
$32.8K $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 Rate 5%
$656,720
Cap Rate 7%
$469,086
Cap Rate 9%
$364,844
Alternative Uses
Best Use
Multifamily LT 5
$469.1K
$410.5K – $547.3K
NOI $32,836 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$431.0K
$377.2K – $502.9K
NOI $30,172 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$512.3K
$448.3K – $597.7K
NOI $35,862 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
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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
$340,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Middlesex County, NJ
Properties on Market for Triplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three dwellings provide seven bedrooms and individual utilities, with a mix of renovated and updated interiors.
Where is this triplex located?
The property is located at 768-B State Street Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Three residential units with a combined 7 bedrooms and 3 bathrooms; 1,962 square feet on a 0.0464‑acre lot; Detached rear residence with 2 bedrooms and 1 bathroom
