Two-Unit Multifamily
For Sale
Under Contract
$435,000
770 Gadek Place, Perth Amboy, NJ 08861
Residential Income, Perth Amboy, NJ
Property Size1,536 SF
Lot Size0.11 Acres
Price / SF$283.20
Days on Market69
Property Features for 770 Gadek Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-25
Zoning description
Conform to Zoning
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Patio and Porch features
Patio, Porch
Interior features
Unit 1(1 Bedroom, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks)
Exterior features
Patio, Porch
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven)
Subdivision
Map Of Property Situated
Lot features
Cul-De-Sac
Elementary school district
Perth Amboy City School Distri
Middle school district
Perth Amboy City School Distri
High school district
Perth Amboy City School Distri
Directions
Pulaski Ave right onto Gadek Place
Standard status
Active Under Contract
APN
1600359000000041
Size
1,536 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7881
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1909
Floors in Building
2
Building materials
Metal Siding
Additional Structures
See Remarks
Listing Agency:
PETRA BEST REALTY LLC
(732) 442-1400
Listed By:
Enrique Hernandez
(732) 841-7029
Added: Jul 30
Changed: Sep 11
Last Checked: Oct 6 at 4:06PM
MLS# 2701833R
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.
Investment Insights
Based on property information with market context.
This multifamily property contains 1,536 square feet on a 0.1148-acre lot and is configured with two residential units. Unit 1 includes one bedroom, a kitchen, one bathroom, and a living room. Unit 2 provides three bedrooms, a kitchen, one bathroom, and a living room. A basement, porch, and patio are also included. The structure was built in 1909 and has metal siding, gas water heating, and hot-water heating. Public water and public sewer serve the property.
The property is being conveyed in its current as-is condition and requires repairs. The buyer will handle cleanout, obtain the Certificate of Occupancy, and address required municipal inspections, certifications, permits, and lender-requested repairs. R-25 zoning applies.
The property is being conveyed in its current as-is condition and requires repairs. The buyer will handle cleanout, obtain the Certificate of Occupancy, and address required municipal inspections, certifications, permits, and lender-requested repairs. R-25 zoning applies.
Key Highlights
- Two‑unit configuration with one‑bedroom and three‑bedroom layouts
- 1,536 square feet on a 0.1148‑acre lot
- Unit 1 includes 1 bedroom, kitchen, 1 bath, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,621
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,420
$472.4K
Cap Rate 7%
$337,443
$337.4K
Cap Rate 9%
$262,456
$262.5K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$46.1K $30.00/SF
− Vacancy
−$3.1K −$2.04/SF
EGI
$42.9K $27.96/SF
− OpEx
−$19.3K −$12.58/SF
NOI
$23.6K $15.38/SF
Area
Middlesex 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%
$472,420
Cap Rate 7%
$337,443
Cap Rate 9%
$262,456
Alternative Uses
Best Use
Apartment 5plus
$337.4K
$295.3K – $393.7K
NOI $23,621 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.1K
$351.0K – $467.9K
NOI $28,076 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
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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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?
Multifamily property - Two-unit residential income property with separate living areas, shared outdoor features, and public utilities.
Where is this multifamily property located?
The property is located at 770 Gadek Place Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑unit configuration with one‑bedroom and three‑bedroom layouts; 1,536 square feet on a 0.1148‑acre lot; Unit 1 includes 1 bedroom, kitchen, 1 bath, and living room
