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!
For sale
Price cut: $30.5K (3/8)
$749,500
651 Penn St, Perth Amboy, NJ 08861
5beds
2baths
2,273sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$744,000 Zestimate®
$330/sqft
$-- HOA
What's special
Off-street parkingFull unfinished basementBeautiful wood floorsHalf bathroomFour detached garagesCorner lot
- 21 days
- on Zillow |
- 220 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: March 07, 2025 at 05:22pm
Listed by:
Dana B. Cadena,
LIFESTYLE INTERNATIONAL REALTY 732-943-4908
Source: All Jersey MLS,MLS#: 2509366R

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Baseboard
Cooling
- A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit)
Appliances
- Included: Water Heater(Gas), Water Heater, Unit 1(Refrigerator), Unit 2(Refrigerator)
Features
- Unit 1(3 Bedrooms, 1 Bath), Unit 2(2 Bedrooms, 1 Bath)
- Basement: Full, Storage Space, Tenant Use
Interior area
- Total structure area: 2,273
- Total interior livable area: 2,273 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Garage, Detached, On Street
- Garage spaces: 4
Features
- Stories: 3
Lot
- Size: 5,001 Square Feet
- Dimensions: 100.00 x 0.00
- Features: Corner Lot
Details
- Parcel number: 1600334000000013
- Zoning: R-50
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Perth Amboy
Financial & listing details
- Price per square foot: $330/sqft
- Tax assessed value: $291,600
- Annual tax amount: $8,130
- Date on market: 2/19/2025
- Ownership: Fee Simple
- Electric utility on property: Yes
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