651 Penn Street

Map

$749,500

↓ $31K (3.9%)

● Property - For Sale

651 Penn Street

Perth Amboy, NJ 08861

Studio

0 Bath

2,273 Ft²

$4,358

Est. Monthly

4.40%

Cap Rate

About This Property

Prime investment opportunity in the heart of Perth Amboy, NJ! The total yearly income currently shows: $68,208.00 with further upside potential. This positive income-producing two-unit multifamily property offers exceptional potential, featuring a 2 bedroom, 1 bath unit with access to a spacious three-room attic and a half bathroom, all wood flooring throughout. The second unit has 3 bedrooms, 1 full bathroom, also with beautiful wood floors. The property also includes a full unfinished basement, perfect for storage or future possibilities. Situated on a desirable corner lot, it comes with four detached garages, providing valuable off-street parking. Conveniently located near major commuter routes, this is a must-see for investors or owner-occupants looking for strong rental income!

Unit Size

2,273 Ft²

Days on Market

94 days

Land Size

0.11 acres

Price per sqft

$330

Property Type

Property

Property Taxes

$678

HOA Dues

Year Built

1900

Listed By

DANA CADENA

LIFESTYLE INTERNATIONAL REALTY

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (CJMLS #2509366R)

Price History

Date / Event	Date	Event
Mar 8, 2025	Price Decreased	$749,500 ↓ $31K (3.9%)
Price Decreased
Feb 19, 2025	Listed by LIFESTYLE INTERNATIONAL REALTY	$780,000
Listed by LIFESTYLE INTERNATIONAL REALTY
Mar 11, 2013	Sold to Assets Limited Liability Co...	Premium
Sold to Assets Limited Liability Co...
Jul 20, 2010	Sold to Indrajit Trivedi	Premium
Sold to Indrajit Trivedi

Property Highlights

Garage

Parking Available

Parking Details

Has Garage

Parking Features: Garage, Detached, On Street

Garage Spaces: 4

Interior Details

Interior Features: Unit 1(3 Bedrooms, 1 Bath), Unit 2(2 Bedrooms, 1 Bath)

Appliances: Water Heater, Water Heater(Gas), Unit 1(Refrigerator), Unit 2(Refrigerator)

Rooms: 12

Basement: Full, Storage Space, Tenant Use

Exterior Details

Square Footage: 2273

Year Built: 1900

Building Area Total: 2273

Lot Features: Corner Lot

Lot Size Area: 0.1148

Lot Size Acres: 0.1148

Lot Size Square Feet: 5001

Lot Size Dimensions: 100.00 x 0.00

Water Source: Public

Financial Details

Tax Annual Amount: $8,130

Utilities Details

Cooling Type: A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit)

Heating Type: Baseboard

Sewer : Public Sewer

Comparables

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$620,000 Feb 19, 2024

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216 Hall Avenue

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$800,000 Dec 9, 2024

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466 State Street

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$610,000 Sep 20, 2023

$610,000 Feb 2, 2024

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372 Ridgeley Street

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733 Cortlandt Street

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Stu

$650,000 Feb 10, 2025

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In Contract

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Stu

$624,900 Aug 28, 2024

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729 Cortlandt Street

Active

Multifamily

Stu

$650,000 Feb 21, 2024

$533/mo

725 State Street

Active

Commercial

Loft

$725,000 Nov 1, 2021

$1,203/mo

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Owner	Listed By

Building Info

651 Penn Street 651 Penn Street, Perth Amboy, NJ 08861

1 Unit for Sale

More about this Building

Want to find out who owns 651 Penn Street, Perth Amboy, NJ 08861? Get detailed property transactions here.

About Perth Amboy

Stats & Trends

Median Asking:

$439,900

Sale Price/ft²

$291

Below Asking

0.01%

Average Days on Market

Average Home Size

996 ft²

Average Home Age

63.1 years

Currently For Sale

28 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Unit for sale at 729 Cortlandt Street, Perth Amboy City, NJ 08861

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Unit for sale at 542 Miller Street, Perth Amboy, NJ 08861

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Nearby Rentals

Unit for rent at 138 Luther Avenue, Perth Amboy, NJ, 08861

$3,300 /mo

3 Beds
1 Bath
1,202 ft²

138 Luther Avenue, Perth Amboy, NJ, 08861 Listing by AZHAR JAVED

Unit for rent at 269 Front Street, Perth Amboy, NJ, 08861

$3,750 /mo

2 Beds
2 Baths
1,626 ft²

269 Front Street, Perth Amboy, NJ, 08861 Listing by DONDELL LEONARD

Unit for rent at 224 Water Street, Perth Amboy, NJ, 08862

$3,400 /mo

4 Beds
2 Baths

224 Water Street, Perth Amboy, NJ, 08862 Listing by Manuel Dominguez

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: DANA B. CADENA
LIFESTYLE INTERNATIONAL REALTY
Last Updated: 2 months ago
Data Source: CJMLS , MLS# 2509366R

Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703