Two-Unit Brick Tudor
7 Gregg Lane Bayonne, NJ 07002
New
For Sale
$929,000
MULTI_FAMILY - Bayonne, NJ
Property Size2,889 SF
Lot Size0.08 Acres
Price / SF$321.56
Days on Market2
Property Features for 7 Gregg Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 5, Basement
- Basement
- Finished, Walk-Out Access
- Standard status
- Active
- APN
- 01-00198-0000-00008
- Size
- 2,889 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14095
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air, Multi Units
Building Details
- Year built
- 1975
- Floors in Building
- 3
- Number of units
- 2
Listing Agency:
ARC Real Estate
(609) 731-4265
Listed By:
Jeanette Smith
(609) 731-4265
Added: Jul 25
Last Checked: Jul 26 at 2:06AM
MLS# 22622791
Copyright © 2026 More MLS. 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.
A two-family brick Tudor-style home with a new roof installed in 2025. The property offers two separately metered, vacant units and includes approximately 6 bedrooms total across both floors, along with 3 full bathrooms and 2 half bathrooms. The first-floor unit features a sunken living room with 9-foot ceilings, an updated eat-in kitchen with quartz countertops, new cabinetry, and brand-new stainless appliances, plus a separate dining room and updated bathrooms. The second unit includes three bedrooms, a large eat-in kitchen, and separate dining and living spaces with park views, along with 1.5 freshly updated baths. A finished basement adds additional flexible space, including a private bedroom, an updated full bath, a laundry room with two sets of washer/dryers included, and an oversized rec room with rough plumbing in place for a future wet bar. Outside, the home sits on a fenced backyard and provides parking for four cars via a two-car driveway and an attached oversized two-car garage with a utility sink.
Located on a quiet lane directly across from a park, with walkability that includes Oresko School (about 250 feet), Broadway (about 0.1 mile), and the Light Rail (about 0.2 mile). The Light Rail offers a commute time of as little as 30 minutes to NYC FiDi, according to the remarks.
Both units feature hardwood floors, abundant closets, central air with forced hot air heat, and keyless entry on all exterior doors.
Located on a quiet lane directly across from a park, with walkability that includes Oresko School (about 250 feet), Broadway (about 0.1 mile), and the Light Rail (about 0.2 mile). The Light Rail offers a commute time of as little as 30 minutes to NYC FiDi, according to the remarks.
Both units feature hardwood floors, abundant closets, central air with forced hot air heat, and keyless entry on all exterior doors.
Key Highlights
- Two‑family brick Tudor‑style home built in 1975 with approx. 3,600 finished sq ft, 6 bedrooms, 3 full baths, and 2 half baths
- New roof (2025) and both units delivered vacant with separately metered utilities and estimated market rent of $2,500–$3,000 per unit
- Parking for 4 cars: two‑car driveway plus attached oversized two‑car garage with utility sink
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.8k | $25.56 |
| − Vacancy | −$4.8k | −$1.65 |
| EGI | $69.1k | $23.91 |
| − OpEx | −$20.7k | −$7.17 |
| NOI | $48.4k | $16.74 |
2,889 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$690.7K
$604.4K – $805.9K
NOI $48,351 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$634.7K
$555.3K – $740.5K
NOI $44,427 @ 7.0% cap · market cap 4.78%
Theoretical Best
Warehouse
$1.05M
$915.4K – $1.22M
NOI $73,230 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family brick Tudor with new roof, separately metered vacant units, four-car parking, and fenced backyard.
Where is this duplex located?
The property is located at 7 Gregg Lane Bayonne, NJ.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Two‑family brick Tudor‑style home built in 1975 with approx. 3,600 finished sq ft, 6 bedrooms, 3 full baths, and 2 half baths; New roof (2025) and both units delivered vacant with separately metered utilities and estimated market rent of $2,500–$3,000 per unit; Parking for 4 cars: two‑car driveway plus attached oversized two‑car garage with utility sink
