Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    55 Garretson Ave Bayonne, NJ 07002

    Sponsored
    For Sale
    $599,000

    Multi-level, 2 Family - Bayonne, NJ

    Days on Market:
    2
    Last Refresh:
    Feb 12 at 5:06 pm

    Property Features for 55 Garretson Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    Parking
    1
    Basement Y/N
    1

    Utilities

    Heating system
    Natural Gas

    Building Details

    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    DANIEL RAPCZAK

    eXp Realty, LLC (866) 201-6210

    Listing agent DANIEL RAPCZAK (866) 201-6210 License #1649704

    Listing date Feb 11, 2026

    MLS# 260002382 Listing URL

    Copyright © 2026 Realty MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Two-Family Home

    This well-maintained two-family home is situated on a quiet residential street in Bayonne, New Jersey. Each unit features 2 bedrooms and 1 full bathroom, providing a practical layout. The first-floor unit is currently owner-occupied, while the second-floor unit is tenant-occupied. This property presents an opportunity for investors or owner-occupants seeking to live in one unit while generating rental income from the other. The property offers separate living spaces with strong income potential and long-term value. Conveniently located near shopping, dining, schools, parks, and public transportation, it also provides easy access to major highways and NYC commuting options. This versatile two-family property is located in a desirable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1338803
    Latitude
    40.6479467

    Nearby Similar for Sale

    • New
      $1,995,000

      Luxury Two-Family Home in Bayonne

      New construction, modern design, and convenient location near transportation.
      92 WEST 6Th St, Bayonne, NJ 07002
      View Details
    • New
      $1,075,000

      Spacious Two-Family Home, Bayonne, NJ

      Spacious two-family home built in 2002 with flexible layouts.
      30 Elm Ct, Bayonne, NJ 07002
      View Details
    • New
      $870,000

      Well-Maintained Two-Family Home

      Two-family home with finished basement, backyard, and NYC transport.
      33 WEST 16Th St, Bayonne, NJ 07002
      View Details
    • $999,000
      Pending

      Mixed-Use Property in Bayonne, NJ

      Mixed-use property featuring storefronts and apartments in a prime location.
      336-338 Avenue C, Bayonne, NJ 07002
      View Details
    • $679,000

      Spacious Two-Family Home in Bayonne

      Two-family home in Bayonne near schools, shopping, and transportation.
      98 W 49Th St, Bayonne, NJ 07002
      View Details
    • New
      $849,000

      Well-Maintained Two-Family Home

      Spacious two-family home on an oversized lot in Bayonne, NJ.
      21 WEST 15Th St, Bayonne, NJ 07002
      View Details
    • $999,999
      Pending

      Bayonne City Fourplex Investment Opportunity

      Four-family corner property in Bayonne with parking and income potential.
      233 Avenue B, Bergen Point, NJ 07002
      View Details
    • $1,999,999

      Mixed-Use Building in Bayonne, NJ

      Mixed-use building with storefronts, apartments, and garage in Bayonne.
      910-912 Broadway, Bayonne, NJ 07002
      View Details
    • $660,000

      Renovated Multi-Family in Bayonne

      Renovated multi-family property near light rail in Bayonne City.
      13 W 16Th St, Bayonne, NJ 07002
      View Details
    • $679,000

      Spacious Two-Family Home in Bayonne

      Two-family home in Bayonne near schools, shopping, and transportation.
      98 WEST 49Th St, Bayonne, NJ 07002
      View Details
    • New
      $599,000

      Well-Maintained Two-Family Home

      Two-family home with income potential in a desirable location.
      55 Garretson Ave, Bayonne, NJ 07002
      View Details
    • $960,000

      Bayonne Two-Family Home

      Spacious 8BR/4.5BA duplex in Bayonne, move-in ready.
      20 W 49Th St, Bayonne, NJ 07002
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home in Bayonne, NJ, ideal for investors or owners.
    Where is this duplex located?
    The property is located at 55 Garretson Ave Bayonne, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Ideal for owner occupant seeking rental income.; - Two separate units, each with **2 bedrooms and 1 bathroom**.; - Tenant-occupied second unit provides immediate income.
    (908) 337-8557
    Request Owner's contact information
    55 Garretson Ave Bayonne, NJ 07002
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    55 Garretson Ave
    Bayonne, NJ 07002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 Garretson Ave Bayonne, NJ 07002
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    DANIEL RAPCZAK
    Real Estate License ID: 1649704
    (908) 337-8557 (866) 201-6210
    Learn more
    Google sign-in failed. Please try again or use another login method.