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2-Unit Duplex with Garage
For Sale
$529,000

977 Old Foundry Rd, Newton, NJ 07860

Front and rear residences share ground-level laundry, a three-car garage, and a separate area for additional vehicle parking.

Property SizeContact for details
Days on Market18

Property Features for 977 Old Foundry Rd

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multi Family Home
Zoning Res

Additional Details

Multifamily Units 2

Amenities

covered porch
patio
laundry area
Carbon Monoxide Detector
Carpeting
Smoke Detector
Vinyl-Linoleum Floors
Patio

Building Details

Year Built 1940
Units 2
Listing Agency: Weichert Realtors
Listed By: Laurie Richmond
Source: Culturaunitedrealty
Added: Oct 10 Changed: Oct 26 Last Checked: Oct 26 at 3:42AM

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 Weichert Realtors

Rey
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Investment Insights

Based on property information with market context.

Built in 1940, this duplex contains two distinct residences. The front unit has a covered porch, living and dining area, full kitchen, two bedrooms, and one full bath. The rear unit spans two floors, with a living room, kitchen, and storage closets downstairs, plus a private patio. Its upper level includes two bedrooms, an office, one full bath, and extensive closet storage.

A shared ground-level laundry area contains two washers and two dryers. The property also has a three-car garage and a separate parking area sized for 4-5 cars. Zoning is listed as Res.

Key Highlights

  • Two separate residential units in a duplex built in 1940
  • Front unit includes 2 bedrooms and 1 full bath
  • Rear unit includes 2 bedrooms, an office, and 1 full bath

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 07860, NJ

25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Front and rear residences share ground-level laundry, a three-car garage, and a separate area for additional vehicle parking.
Where is this duplex located?
The property is located at 977 Old Foundry Rd Newton, NJ.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two separate residential units in a duplex built in 1940; Front unit includes 2 bedrooms and 1 full bath; Rear unit includes 2 bedrooms, an office, and 1 full bath
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