Wallington Duplex: Investment or
9 Tuttle St Wallington, NJ 07057
9 Tuttle St, Wallington, NJ, 07057
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For Sale
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Charming duplex in Wallington, NJ, ideal for investors or families.
Property Size2,138 SF
Price / SF$233.86
Days on Market117
Property Features for 9 Tuttle St
General Information
- Standard status
- Active
- Size
- 2,138 SF
- Property subtype
- Multifamily
Listing Agency
Florida Homes Realty and Mortgage
Listed by
Stavros Adonis Mallios · License #FL SL3517036
Source
Crexi
Added: Mar 26 Checked: Jul 19 at 8:53 am
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 Florida Homes Realty and Mortgage
Investment Insights
Based on property information with market context.
This beautifully maintained duplex is located in Wallington, NJ. It offers a blend of comfort and convenience, suitable for investment or multi-generational living. The property features two separate units, each thoughtfully designed with spacious layouts. The interiors offer a warm and welcoming atmosphere. For investors, this duplex represents an opportunity to generate steady rental income due to its desirable location in Wallington and proximity to local amenities, schools, and transportation. The property's well-maintained condition means it's ready for immediate occupancy, with potential for future upgrades to increase its value and rental rates. This property is also ideal for multi-generational families looking to live under one roof while maintaining separate living spaces. The duplex setup allows for privacy and independence. Situated in a quiet, residential neighborhood of Wallington, this duplex offers the best of suburban living with easy access to major highways, shopping, dining, and recreational facilities. The property size is 2138 square feet.
Key Highlights
- Income‑generating potential as a well‑maintained duplex.
- Ideal for multi‑generational living with separate, private units.
- Spacious and versatile living spaces in both units.
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 | $54.6k | $25.56 |
| − Vacancy | −$3.5k | −$1.65 |
| EGI | $51.1k | $23.91 |
| − OpEx | −$15.3k | −$7.17 |
| NOI | $35.8k | $16.74 |
2,138 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.2K
$447.3K – $596.4K
NOI $35,782 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$469.7K
$411.0K – $548.0K
NOI $32,878 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$558.3K
$488.5K – $651.3K
NOI $39,079 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Charming duplex in Wallington, NJ, ideal for investors or families.
Where is this duplex located?
The property is located at 9 Tuttle St Wallington, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Income‑generating potential as a well‑maintained duplex.; Ideal for multi‑generational living with separate, private units.; Spacious and versatile living spaces in both units.
