Closed$630,000
TLC ≈ $5,156/mo
0 2 2,324 sqft
130 Catalpa Avenue, Perth Amboy, NJ 08861
520 Johnstone Street, Perth Amboy, NJ 08861
$495,000
0 beds 2 baths 1,260 sqft Built 19090 days on marketActive
About this home
520 Johnston St, Perth Amboy, NJ 08861 Investment Opportunity Turnkey two-family in the heart of Perth Amboy a true set-it-and-forget-it income property. Two spacious 2-bedroom apartments, both occupied by long-term tenants currently on month-to-month leases, giving you immediate cash flow with the flexibility to restructure terms, or take possession of a unit. The standout feature for investors: tenants pay all utilities, including water. That means minimal operating expenses and a clean, predictable NOI a rarity in multi-family at this price point. Location works in your favor. Perth Amboy's waterfront district continues to attract renters, with the NJ Transit station, Route 35, and the Garden State Parkway all close by, plus quick access to NYC. Steady rental demand, strong tenant retention, and a market that keeps appreciating. Whether you're adding to a portfolio, buying your first multi-family, or looking to house-hack one unit while the other pays the mortgage, this is a straightforward, low-maintenance investment worth a serious look. Call today for rent roll and expense details.
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
$4,774/mo
- Real estate (PITI + HOA + PMI)
- $4,447
- Utilities
- $528
- Transportation
- $145
- Other (entertainment)
- $158
Principal + interest$3,189
Property tax + insurance$1,072
PMI / 2nd mortgage$186
Heating + cooling$102
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$145
Budget$5,274/mo
Remaining after TLC$500/mo
Purchase price
$495,000
Down payment
$24,750 (5%)
Loan amount
$470,250
APR
7.19%
Quick facts
Type
2 Family
Style
—
Year built
1909
Lot size
0.0287 ac
Stories
2
Heating
Baseboard, Central
Cooling
A/C Wall Unit(s),A/C Window Unit(s), Unit 1(A/C Unit), Unit 2(A/C Unit)
Water
Public
HOA
—
Annual tax
$6,934
MLS #
2700956R
County
Middlesex
At a glance
Basement
Home features
Appliances
Water Heater(Gas)Water Heater
Interior
Unit 1(2 BedroomsKitchen1 BathLiving Room)Unit 2(2 BedroomsKitchen1 BathLiving Room)
Exterior
Porch(es) - OpenPorch
Parking
On Street
Patio & porch
Porch(es) - OpenPorch
Roof
Flat
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Corner Lot
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 7/16/2026. Provided courtesy of RE/MAX INNOVATION via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.