Closed$2,800
TLC ≈ $272/mo
2 2 1,397 sqft
368 Rector Street #309, Perth Amboy, NJ 08861
181 State Street, Perth Amboy, NJ 08861
$625,000
0 beds 2 baths 3,090 sqft Built 18960 days on marketActive
About this home
Coming Soon-Showings Begin 7/15/26-Calling all investors, renovators, and visionaries! Rare opportunity to own a two-family property with highly sought-after off-street parking, featuring a private driveway and detached garage-an exceptional find in this area. This property is ready for a complete transformation and offers endless possibilities to create value. Each spacious unit features 3 bedrooms, 1 full bath, kitchen, living room, dining room, and front great room, while the second-floor unit also includes a dedicated office. A full walk-up attic on the third level provides excellent expansion potential (subject to approvals), and the walk-out basement offers additional flexibility. The generous backyard adds even more possibilities for outdoor enjoyment. Whether you're looking to renovate and occupy one unit while More... renting the other, maximize rental income, or add a standout property to your investment portfolio, this hidden gem is brimming with potential. Adding to its appeal, the neighboring properties on both sides have recently been purchased and are being renovated, reflecting continued reinvestment in the area. Ideally located in Perth Amboy, the City by the Bay, just moments from the waterfront, shopping, dining, public transportation, and major commuter routes.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$6,138/mo
- Real estate (PITI + HOA + PMI)
- $5,805
- Utilities
- $636
- Transportation
- $145
- Other (entertainment)
- $158
Principal + interest$4,026
Property tax + insurance$1,545
PMI / 2nd mortgage$234
Heating + cooling$156
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$145
Budget$6,638/mo
Remaining after TLC$500/mo
Purchase price
$625,000
Down payment
$31,250 (5%)
Loan amount
$593,750
APR
7.19%
Quick facts
Type
2 Family
Style
—
Year built
1896
Lot size
0.0545 ac
Stories
2
Heating
Radiators-Steam, Separate Furnaces
Cooling
None
Water
Public
HOA
—
Annual tax
$10,290
MLS #
2700696R
County
Middlesex
At a glance
Basement
Garage (1)
Home features
Appliances
Water Heater(Gas)Water Heater
Interior
Unit 1(Dining Room3 BedroomsKitchen1 BathLiving RoomDen/Family Room)Unit 2(Dining Room3 BedroomsKitchen1 BathLiving RoomDen/Family Room)
Exterior
SidewalkYard
Community
Sidewalks
Parking
GarageDetached1-2 Car ParkingCovered
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Flag Lot, Level
Neighborhood — 08861
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 46,782 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 20.00% | 14.00% | 20.00% |
| Population Density | 8,584 | 1,137 | — |
| Male | 23,392 | 4,307,827 | 147,432,321 |
| Female | 23,390 | 4,525,010 | 151,655,844 |
| Never Married | 12,523 | 1,965,811 | 63,775,926 |
| Married | 14,394 | 3,647,435 | 123,120,365 |
| Separated | 3,833 | 391,239 | 12,639,686 |
| Widowed | 2,051 | 515,172 | 15,467,586 |
| Divorced | 3,067 | 529,393 | 23,075,029 |
| Number Of House Hold | 14,307 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 3.23 | 2.73 | 2.60 |
| Medial Age | 31.78 | 37.15 | 35.46 |
| Median House Hold Income | $41,463 | $63,392 | $48,276 |
| Average House Hold Income | $52,403 | $83,312 | $63,629 |
| P C I | $16,734 | $30,662 | $24,529 |
| M D I | $36,156 | $52,505 | $41,133 |
| A T H E | $45,041 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 80.27% | 81.02% | 77.74% |
(Zip) Code
8861
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Recently sold nearby
Listing information last refreshed 7/15/2026. Provided courtesy of ERA CENTRAL REALTY GROUP via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.