New Investment Opportunity - Offered at $675,000 Sold As-Is**Excellent opportunity to own a well-maintained two-family duplex in Perth Amboy that's ideal for investors or owner-occupants looking to offset their mortgage with rental income. Both units are currently tenant-occupied with leases in place through November 30, providing immediate, stable cash flow from day one. Each unit rents for $1,823 per month, and tenants are responsible for their own gas and electric, thanks to separate utility meters, helping keep operating expenses lower. Each unit features 2 bedrooms, 1 full bathroom, a spacious living room, a separate dining room, and a functional kitchen. The bedrooms are located on the second level, providing added privacy and a townhouse-style layout that appeals to tenants. Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income from the other in the future, this property offers flexibility and long-term potential. Conveniently located near major highways, shopping, restaurants, schools, and public transportation,
State Street, located between Smith Street and the Perth Amboy Waterfront, is a historic and residential Perth Amboy neighborhood with brick rowhouses and a walkable main-street feel. The neighborhood’s character concentrates around State Street at Smith Street, where corner delis, small grocers, barbershops, and takeout counters keep the sidewalks active. Architectural details lean toward older storefront blocks mixed with compact homes and small apartment buildings. The waterfront edge adds breezes and long views, while nearby civic buildings give the area a grounded, day-to-day rhythm. Local staples like Perth Amboy Ferry Slip, Perth Amboy City Hall, and the Perth Amboy Free Public Library act as familiar anchors for errands and community life.
Provided by Walk Score and Local Logic
Offer insights
464 Division St · $645,000
$648K and above
75% chance or better to win
Why $648K+ is a strong offer
DAYS ON MARKET
83 days
The average home goes pending in 62 days.
SALE-TO-LIST
102.1%
Most homes are selling 2% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Unfinished basement
Storage shed
Bedrooms
Each unit has 2 bedrooms
Bathrooms
Each unit has 1 full bathroom
Total of 2 full bathrooms for the property
Kitchen
Each unit includes a gas range/oven and refrigerator
Laundry & utility
Owner pays water; tenants pay electric, gas, and heat (per unit)
Heating & cooling
Hot water radiators with natural gas heating
Wall air-conditioning units
Exterior features
Aluminum siding
Asphalt shingle roof
Storage shed
On-street parking
Home design
Duplex (side-by-side)
Renovated in 2020
Approximate year built
Parking
On-street parking
Security
Smoke detectors and carbon monoxide detectors in each unit