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    633 Lafayette Ave Hawthorne, NJ 07506

    View on Map
    Sponsored
    For Sale
    $1,250,000

    3-Three Story, Multi-Family - Hawthorne Boro, NJ

    Property size:
    3,344 SF
    Lot size:
    0.05 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 18 at 9:06 am

    Property Features for 633 Lafayette Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security System
    Zoning
    B-1
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room
    Bedrooms
    6
    Bathrooms
    3
    Parking
    2
    Patio and Porch features
    Porch, Deck
    Interior features
    Carbon Monoxide Detector, Fire Alarm Sys, High Ceilings, Security System, Smoke Detector, Stone Floors, Tile Floors, Wood Floors
    Exterior features
    Deck, Open Porch(es), Sidewalk, Thermal Windows/Doors
    Basement Y/N
    1
    Size
    3,344 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1913
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    SUZANNE COOPER

    Keller Williams Realty Village Square (201) 445-4300

    Listing agent SUZANNE COOPER (201) 445-4300

    Listing date Mar 17, 2026

    MLS# 4015100 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Three-Story Multi-Family Building

    This meticulously renovated three-story multi-family building offers a turnkey investment opportunity. The property features one apartment per floor, each equipped with its own electrical meter. Modern luxury meets historic charm with elevated urban living. Interior features include new energy-efficient windows, upgraded insulation, tiled entrances, ironwood hallway flooring on the second floor, recessed lighting in common areas, decorative wainscoting, and craftsman-style interior doors. The building also has an alternate rear entrance/exit and exterior security cameras. The front yard and rear courtyard are paved with Cambridge paving stones, and the property includes two parking spaces, a front porch, and a second-story balcony. Each unit is equipped with efficient baseboard heat, mini-split A/C, a tankless hot water heater, and ceiling fans. Kitchens feature new shaker cabinetry and stainless steel appliances, including a dishwasher. Modern bathrooms include a porcelain shower, quartz vanity, and a large medicine cabinet. Each unit also has its own laundry area with a washer and dryer. The property, located in Hawthorne Boro, NJ, has a lot size of 0.05 acres and a property size of 3344 square feet. The zoning is B-1. Renovations are expected to be completed between 2025 and 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hawthorne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.15571
    Latitude
    40.95991

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    FAQs

    What type of property is this?
    Triplex - Turnkey investment opportunity: fully renovated three-family building in Hawthorne Boro.
    Where is this triplex located?
    The property is located at 633 Lafayette Ave Hawthorne, NJ.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Turnkey, fully renovated three-family property, offering immediate rental income.; - Each unit has its own electrical meter, tankless hot water heater, and in-unit laundry with washer/dryer.; - Modern kitchens with new shaker cabinetry and stainless steel appliances (including dishwasher).
    (201) 445-4300
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    633 Lafayette Ave Hawthorne, NJ 07506
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    Hawthorne, NJ 07506
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    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
    633 Lafayette Ave Hawthorne, NJ 07506
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    We can help!
    Listing Contact
    SUZANNE COOPER
    (201) 445-4300
    Learn more
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