Duplex with One-Car
For Sale
$789,000
Pending
13-33 George St 2X, Fair Lawn, NJ 07410
Multi-Family, 2-Two Story, Fair Lawn Boro, NJ
Property Size1,776 SF
Lot Size0.11 Acres
Days on Market101
Property Features for 13-33 George St 2X
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking
4
Patio and Porch features
Patio
Interior features
Carbon Monoxide Detector, High Ceilings, Smoke Detector
Exterior features
Curbs, Patio, Thermal Windows/Doors
Lot features
Level Lot
Directions
Fairlawn or Hopper Ave to George St 2X
Standard status
Pending
Size
1,776 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12363
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Cooling system
Ductless
Water source
Public
Amenities
back patio
side yard
Building Details
Year built
1927
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
WERNER REALTY
Listed By:
MARK WERNER · License #237719
(973) 657-9222
Added: May 29
Changed: Sep 2
Last Checked: Sep 6 at 8:06AM
MLS# 4030934
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,776-square-foot duplex, built in 1927, offers a multi-level layout with four bedrooms and three full bathrooms. The main level includes two bedrooms, an eat-in kitchen, dining room, high ceilings, and generous closet space. The upper level adds a bedroom, kitchen, bathroom, and sitting room, while the lower level provides another bedroom, bathroom with stall shower, storage room, and separate living area.
The property sits on 0.11 acres and includes a one-car garage, back patio, side yard, and both off-street and on-street parking. Additional features include baseboard and hot-water heating, ductless cooling, thermal windows and doors, a shingle roof, and public water and sewer service. Shopping, restaurants, public transportation, Route 208, and the Garden State Parkway are nearby in Fair Lawn Boro.
The property sits on 0.11 acres and includes a one-car garage, back patio, side yard, and both off-street and on-street parking. Additional features include baseboard and hot-water heating, ductless cooling, thermal windows and doors, a shingle roof, and public water and sewer service. Shopping, restaurants, public transportation, Route 208, and the Garden State Parkway are nearby in Fair Lawn Boro.
Key Highlights
- Fully rented duplex with 1,776 square feet of living area
- Four bedrooms and three full bathrooms across multiple levels
- One‑car garage, back patio, side yard, and on- and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,723
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$594,460
$594.5K
Cap Rate 7%
$424,614
$424.6K
Cap Rate 9%
$330,256
$330.3K
Market Conditions
NOI Build-Up for 1,776 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.4K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$42.5K $23.91/SF
− OpEx
−$12.7K −$7.17/SF
NOI
$29.7K $16.74/SF
Area
Bergen County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$594,460
Cap Rate 7%
$424,614
Cap Rate 9%
$330,256
Alternative Uses
Best Use
Multifamily LT 5
$424.6K
$371.5K – $495.4K
NOI $29,723 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$390.2K
$341.4K – $455.2K
NOI $27,311 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$463.7K
$405.8K – $541.0K
NOI $32,462 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 07410, NJ
34,927
Population
12,392
Households
2.8
Avg Household Size
42
Median Age
64%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
6,848
Density / Sq Mi
$147,952
Median Household Income
$75,865
Median Earnings
$1,908
Median Rent
$532,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex with multiple living areas, outdoor space, and access to public transportation and major regional roads.
Where is this duplex located?
The property is located at 13-33 George St 2X Fair Lawn, NJ.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Fully rented duplex with 1,776 square feet of living area; Four bedrooms and three full bathrooms across multiple levels; One‑car garage, back patio, side yard, and on- and off‑street parking
