Two-Family Duplex with
For Sale
$1,199,000
714 17TH ST, Union City, NJ 07087
2 Family, Union City, NJ
Property Size2,756 SF
Price / SF$435.05
Days on Market142
Property Features for 714 17TH ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 2, Basement, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3
Directions
Summit Ave & 17th St
Subdivision
Union City
Standard status
Active
Taxes and HOA fees
Tax Year
2023
Amenities
central A/C
private elevator
Jacuzzi
private backyard
private balconies
pocket sliding doors
Listing Agency:
ACCESS HOMES REALTY
Listed By:
MARIA CARMONA VIDAL · License #2322540
(201) 766-2565
Added: Apr 17
Changed: Sep 2
Last Checked: Sep 5 at 9:06PM
MLS# 260007086
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.
Investment Insights
Based on property information with market context.
Built in 2010, this two-unit duplex contains approximately 2,756 square feet of living space. The property includes a 1-car garage, parking for up to 3 additional vehicles, central A/C, and a private elevator connecting the first through third floors. A Jacuzzi and private backyard add further on-site features.
The second unit includes 4 bedrooms, a large living room, dining area, and pantry closet. Private balconies extend from the primary bedroom and kitchen, while both units offer generous layouts with substantial closet space. Pocket sliding doors are installed in the primary bedroom.
The property is located in Union City, near NYC transportation, shopping, and major amenities.
The second unit includes 4 bedrooms, a large living room, dining area, and pantry closet. Private balconies extend from the primary bedroom and kitchen, while both units offer generous layouts with substantial closet space. Pocket sliding doors are installed in the primary bedroom.
The property is located in Union City, near NYC transportation, shopping, and major amenities.
Key Highlights
- Two‑unit duplex built in 2010 with approximately 2,756 sq ft of living space
- 1‑car garage plus parking for up to 3 additional vehicles
- Private elevator serving the first through third floors
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
$46,125
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
3.85%
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%
$922,500
$922.5K
Cap Rate 7%
$658,929
$658.9K
Cap Rate 9%
$512,500
$512.5K
Market Conditions
NOI Build-Up for 2,756 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
$70.4K $25.56/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$65.9K $23.91/SF
− OpEx
−$19.8K −$7.17/SF
NOI
$46.1K $16.74/SF
Area
Hudson 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%
$922,500
Cap Rate 7%
$658,929
Cap Rate 9%
$512,500
Alternative Uses
Best Use
Multifamily LT 5
$658.9K
$576.6K – $768.8K
NOI $46,125 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$605.5K
$529.8K – $706.4K
NOI $42,382 @ 7.0% cap · market cap 3.53%
Theoretical Best
Warehouse
$998.0K
$873.2K – $1.16M
NOI $69,858 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 07087, NJ
68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
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 - Modern two-unit residence with a garage, private backyard, central A/C, and elevator access across three floors.
Where is this duplex located?
The property is located at 714 17TH ST Union City, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2010 with approximately 2,756 sq ft of living space; 1‑car garage plus parking for up to 3 additional vehicles; Private elevator serving the first through third floors
