For Multi Family

768 State St,Perth Amboy City, NJ 08861-2928

November 6, 2025

Prime Investment or First-Time Buyer Opportunity! Fully renovated within the past 5 years, this income-producing property features three separate units,each with individual utilities. Low property taxes is also a big plus. The front building includes two apartments: Unit 1 (First Floor): 2 bedrooms, 1 bathroomfully renovated this month and vacant. Unit 2 (Second Floor): 3 bedrooms, 1 bathroom tenant-occupied and generating rental income. A detached rearhome offers 2 bedrooms and 1 bathroom, featuring an updated kitchen and bath, fresh interior paint, and living space. Ideal for owner-occupants orinvestors, this property provides a combination of updates, solid rental income, and long-term potential.

Property ID:PT-9243995-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 689,900 $

Bedrooms:3

Year Built:1940

Listing Details

Status: Active

Location

County: Middlesex

Lotsize: 20X101

Lot Identifier: 84.02

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2023

Basmnt/Desc: Yes - Bilco-Style Door, Unfinished

Acreage: 0.05

Total Baths: 3.00

Unit Style: 2-Two Story

Number of Units: 3

Rooms: 7

Easement/Desc: No

Exterior Description: Brick, Stucco

Roof Description: Asphalt Shingle

Possesion: at Closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Tenant Pays Water

Unit 1 Handicap: No

Unit 1 SqFt: 750

Unit 1 Rent: 9999

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Pantry

Unit 1 Security Deposit: 99999999

Unit 2 Appliances/Equipment: Fire Alarm System, Microwave Oven, Range/Oven - Gas, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Tenant Pays Water

Unit 2 Handicap: No

Unit 2 SqFt: 820

Unit 2 Rent: 2000

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Pantry

Unit 2 Security Deposit: 2000

Unit 3 Appliances/Equipment: Range/Oven - Electric

Unit 3 Levels: 3

Unit 3 Rooms: 4

Unit 3 Beds: 1

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Tenant Pays Water

Unit 3 Handicap: No

Unit 3 SqFt: 700

Unit 3 Rent: 1600

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room

Unit 3 Security Deposit: 1600

Block Identifier: 359

County Number: 21

Town Number: 2116

YB/Desc: 1940 - Renovated

Easement: No

Parking/Driveway Description: On-Street Parking

Block Identifier: 359

County Number: 21

Town Number: 2116

Possession: at Closing

Taxes, Fees & Assessments

Gross Operating Income: 43200

Net Operating Income: 99999

Tax ID For Property: 2116-00359-0000-00084-0002-

Tax Amount: $9,340.00

Tax Year: 2024

Tax Rate: 3.017%

Tax Rate Year: 2025

Land Assessment: $120,200.00

Building Assessment: $189,400.00

Total Assessment: $309,600.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 3 Units, Baseboard - Electric

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

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Listing Details

768 State St,Perth Amboy City, NJ 08861-2928

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