16 Wheeler Ave

Carteret, NJ

$555,000

1,520

Sq. Ft.

$365

Per Sq. Ft.

Residential

Property Type

Tax Assessment Analysis

Sale Price

$555,000

Total Assessed

$490,400

Sale vs. Assessed

+$64,600 (+13.2%)

Land Value

$286,300

Building Value

$204,100

Carteret Market Overview

$540,000

Median Price

Total Sales

+4.1%

Year over Year

Seller's

Market Type

📊 Investment Analysis

$3,885

Est. Monthly Rent

$4,207

Est. Mortgage

7.4% · 20% down

-$322

Monthly Cash Flow

8.4%

Cap Rate

-3.5%

Cash-on-Cash Return

Estimates based on 0.7% rent rule, 7.4% interest rate, 20% down payment. For illustrative purposes only.

🏘 Carteret Neighborhood Guide

Walk Score

Car-Dependent

Min to NYC

With transfer

Neighborhoods in Carteret

Waterfront $325,000 to $475,000

Best for: Value, waterfront

Residential $350,000 to $450,000

Best for: Families

Carteret is a 25,300-resident borough in transformation — a $1 billion film production complex (Carteret Stages, 1.2 million square feet) is under construction, a ferry terminal to Lower Manhattan broke ground in December 2025, and the NASDAQ OMX primary data center operates here. Baseball Hall of F...

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