Over-Under
77 Brainard St, Phillipsburg, NJ 08865
For Sale
$299,900
Two-bedroom apartments feature separate heating systems, with utilities paid by tenants.
Property Size1,521 SF
Price / SF$197.17
Days on Market27
Property Features for 77 Brainard St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
eat-in kitchen
living room
finished third floor
rear yard
full basement
Carbon Monoxide Detector
Smoke Detector
Open Porch(es)
Building Details
Building Size
Year Built
Units
Listing Agency:
Freeby Lai Real Estate
(888) 558-3898
Listed By:
Jason Freeby
(908) 751-7750
Source:
Arcadiarealtors
Added: Oct 13
Changed: Nov 2
Last Checked: Nov 8 at 6:57PM
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 Freeby Lai Real Estate
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Investment Insights
Based on property information with market context.
This 1,521-square-foot duplex has two units arranged one above the other, each with two bedrooms, one bathroom, an eat-in kitchen, and a living room. The upper apartment has access to a finished third floor and has been renovated; the lower apartment opens to the rear yard and is tenant-occupied. A full basement, public water and sewer, and separate heating systems round out the property. Tenants pay their own gas, electric, and heat. Built in 1900, the property is zoned R-50.
Route 22, shopping, and downtown are nearby.
Route 22, shopping, and downtown are nearby.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,521 square feet; built in 1900
- Finished third‑floor access from the upper unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,407
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,140
$448.1K
Cap Rate 7%
$320,100
$320.1K
Cap Rate 9%
$248,967
$249.0K
Market Conditions
NOI Build-Up for 1,521 SF
Gross rent
$33.8K $22.20/SF
− Vacancy
−$1.8K −$1.15/SF
EGI
$32.0K $21.05/SF
− OpEx
−$9.6K −$6.31/SF
NOI
$22.4K $14.73/SF
Area
Warren County, NJ
Vacancy
5.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,140
Cap Rate 7%
$320,100
Cap Rate 9%
$248,967
Alternative Uses
Best Use
Multifamily LT 5
$320.1K
$280.1K – $373.5K
NOI $22,407 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$287.6K
$251.7K – $335.5K
NOI $20,132 @ 7.0% cap · market cap 6.71%
Theoretical Best
Warehouse
$573.8K
$502.1K – $669.5K
NOI $40,168 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
Explore this area
Business Placement
Demographics for 08865, NJ
30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom apartments feature separate heating systems, with utilities paid by tenants.
Where is this duplex located?
The property is located at 77 Brainard St Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,521 square feet; built in 1900; Finished third‑floor access from the upper unit
