859 Dewey St, Union, NJ 07083
- Added:
- Apr 21, 2026
- Days on Market:
- 53
- Last Refresh:
- Jun 12 at 1:06 am
Property Features for 859 Dewey St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room, Master Bedroom
- Parking
- 2
- Exterior features
- Metal Fence
- Fencing
- Fenced
- Basement Y/N
- 1
- Appliances
- Dishwasher, Microwave, Oven - Gas, Range, Washer
- Standard status
- Pending
- Size
- 3,500 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15766
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Multi Units
Building Details
- Year built
- 1961
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent MICHAEL MARTINETTI (908) 233-8502
Listing office KELLER WILLIAMS REALTY 1 ELM STREET, Westfield, NJ (908) 233-8502
Listing date Apr 21, 2026
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.
HighLights
- Fully renovated in 2023, offering modern updates and move‑in readiness.
- Two identical units, each with 4 bedrooms, providing ample living space.
- Finished basement with kitchen and bonus living spaces, adding significant versatility.
- Over 3,500 square feet above grade, making it one of the larger two‑family homes in the area.
- Convenient location near major highways, shopping, schools, and public transportation, with easy access to NYC.
- Fenced‑in yard, patio, and attached two‑car garage.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.5k | $25.56 |
| − Vacancy | −$5.8k | −$1.65 |
| EGI | $83.7k | $23.91 |
| − OpEx | −$25.1k | −$7.17 |
| NOI | $58.6k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Union
- County
- Union
- State
- New Jersey
- Longitude
- -74.28578
- Latitude
- 40.69507
