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.
For sale
$495,000
520 Johnstone St, Perth Amboy, NJ 08861
4beds
2baths
1,260sqft
Multi Family
Built in 1909
-- sqft lot
$497,400 Zestimate®
$393/sqft
$-- HOA
What's special
- 38 days
- 987
- 55
Zillow last checked:
Listing updated:
Listed by:
MICHAEL MANISCALCO 646-322-8011,
RE/MAX INNOVATION
Source: All Jersey MLS,MLS#: 2700956R
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 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)
Appliances
- Included: Water Heater(Gas), Water Heater
Features
- Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room)
- Basement: Full, Exterior Entry, Interior Entry
Interior area
- Total structure area: 1,260
- Total interior livable area: 1,260 sqft
Video & virtual tour
Property
Parking
- Parking features: On Street
Features
- Stories: 2
- Patio & porch: Porch(es) - Open, Porch
- Exterior features: Porch(es) - Open, Porch
Lot
- Size: 1,250 Square Feet
- Dimensions: 50.00 x 100.00
- Features: Corner Lot
Details
- Parcel number: 160021200000000701
- Zoning: R-25
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Flat
Condition
- Year built: 1909
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Location
- Region: Perth Amboy
Financial & listing details
- Price per square foot: $393/sqft
- Tax assessed value: $218,200
- Annual tax amount: $6,934
- Date on market: 7/16/2026
- Ownership: Fee Simple
- Lease term: Unit 1(Month-Month)
Estimated market value
$497,400
$473,000 - $522,000
$2,076/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Listed for sale | $495,000+22.2%$393/sqft |
Source: | ||
| 12/30/2024 | Sold | $405,000-2.4%$321/sqft |
Source: | ||
| 12/4/2024 | Contingent | $415,000$329/sqft |
Source: | ||
| 10/10/2024 | Listed for sale | $415,000+0.6%$329/sqft |
Source: | ||
| 5/8/2024 | Listing removed | -- |
Source: | ||
| 4/2/2024 | Contingent | $412,500$327/sqft |
Source: | ||
| 3/14/2024 | Listed for sale | $412,500+194.6%$327/sqft |
Source: | ||
| 12/8/2015 | Sold | $140,000-15.1%$111/sqft |
Source: Agent Provided Report a problem | ||
| 5/30/2015 | Listing removed | $164,900$131/sqft |
Source: ELEK, J.J. REALTY CO. #1533855 Report a problem | ||
| 4/28/2015 | Listed for sale | $164,900-45%$131/sqft |
Source: ELEK, J.J. REALTY CO. #1533855 Report a problem | ||
| 10/4/2009 | Listing removed | $299,999$238/sqft |
Source: Century 21 Town & Country #821686 Report a problem | ||
| 11/15/2008 | Price change | $299,999-10.4%$238/sqft |
Source: Homes & Land #821686 Report a problem | ||
| 7/19/2008 | Listed for sale | $335,000-4.3%$266/sqft |
Source: Homes & Land #821686 Report a problem | ||
| 5/23/2006 | Sold | $350,000+284.6%$278/sqft |
Source: Public Record Report a problem | ||
| 12/3/2001 | Sold | $91,000$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,583 | $218,200 |
| 2024 | $6,583 +0.2% | $218,200 |
| 2023 | $6,570 +1.2% | $218,200 |
| 2022 | $6,491 -0.1% | $218,200 |
| 2021 | $6,500 +0.2% | $218,200 |
| 2020 | $6,489 +0.4% | $218,200 |
| 2019 | $6,465 | $218,200 |
| 2018 | $6,465 +19.5% | $218,200 +16.1% |
| 2017 | $5,412 -0.7% | $187,900 |
| 2016 | $5,449 -0.6% | $187,900 |
| 2015 | $5,483 +2.9% | $187,900 |
| 2014 | $5,331 -11% | $187,900 |
| 2013 | $5,987 +0.9% | $187,900 -15.9% |
| 2012 | $5,931 +7.9% | $223,400 |
| 2011 | $5,496 +3.7% | $223,400 |
| 2010 | $5,301 +9% | $223,400 |
| 2009 | $4,863 | $223,400 |
| 2008 | -- | $223,400 |
| 2007 | $5,266 +1.2% | $223,400 +268% |
| 2006 | $5,203 +1.3% | $60,700 |
| 2005 | $5,134 +899.9% | $60,700 |
| 2004 | $513 | $60,700 |
| 2003 | -- | $60,700 |
| 2002 | -- | $60,700 |
Find assessor info on the county website
Monthly payment
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