Two-Family Home with Detached
For Sale
$775,000
105 Bergen Avenue, Kearny, NJ 07032
Turnkey two-family residence with separate utilities, shared laundry, and a detached three-car garage.
Property Size2,992 SF
Price / SF$259.02
Days on Market146
Property Features for 105 Bergen Avenue
General Information
Standard status
Active
Size
2,992 SF
Total Parking Spaces
3
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,936
Amenities
4
2
2.0
11
Vinyl Siding
Building Details
Year Built
1895
Tenancy
Multi
Listing Agency:
Keller Williams Prosperity Realty
Listed By:
Robert S. Trindade
(862) 763-2066
Source:
Compass
Added: Apr 16
Changed: Sep 8
Last Checked: Sep 8 at 8:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Prosperity Realty
Investment Insights
Based on property information with market context.
This spacious, well-maintained two-family home is set up for convenient separate living, with separate utilities for each unit. A shared laundry area is located in the basement, and the property also includes bonus attic space that can function as a flex room for a home office, gym, or recreation. Outside, there is a detached three-car garage, adding practical parking and storage value for occupants.
Located at 105 Bergen Ave in Kearny, NJ, the home is described as being less than ten miles from Manhattan and in a high-demand commuter area. The property is also noted to be moments from NYC transportation, major highways, and nearby shopping and dining. WalkScore is listed at 85 and transitScore at 77, supporting strong day-to-day accessibility.
The property is turnkey and fully occupied, with tenants on flexible month-to-month leases. With separate utilities by unit and an existing shared laundry setup, the arrangement is designed to help keep day-to-day operating complexity straightforward while providing immediate occupancy. The detached three-car garage can support tenant parking needs and offers additional flexibility for how the space is used.
Located at 105 Bergen Ave in Kearny, NJ, the home is described as being less than ten miles from Manhattan and in a high-demand commuter area. The property is also noted to be moments from NYC transportation, major highways, and nearby shopping and dining. WalkScore is listed at 85 and transitScore at 77, supporting strong day-to-day accessibility.
The property is turnkey and fully occupied, with tenants on flexible month-to-month leases. With separate utilities by unit and an existing shared laundry setup, the arrangement is designed to help keep day-to-day operating complexity straightforward while providing immediate occupancy. The detached three-car garage can support tenant parking needs and offers additional flexibility for how the space is used.
Key Highlights
- 1895‑built two‑family home with bonus attic space for a home office, gym, or recreation
- Separate utilities for each unit to help reduce landlord overhead
- Shared basement laundry area
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
$50,075
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
6.46%
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%
$1,001,500
$1.0M
Cap Rate 7%
$715,357
$715.4K
Cap Rate 9%
$556,389
$556.4K
Market Conditions
NOI Build-Up for 2,992 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
$76.5K $25.56/SF
− Vacancy
−$4.9K −$1.65/SF
EGI
$71.5K $23.91/SF
− OpEx
−$21.5K −$7.17/SF
NOI
$50.1K $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%
$1,001,500
Cap Rate 7%
$715,357
Cap Rate 9%
$556,389
Alternative Uses
Best Use
Multifamily LT 5
$715.4K
$625.9K – $834.6K
NOI $50,075 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$657.3K
$575.1K – $766.9K
NOI $46,011 @ 7.0% cap · market cap 5.94%
Theoretical Best
Warehouse
$1.08M
$948.0K – $1.26M
NOI $75,840 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,476
Businesses Nearby
Explore this area
Business Placement
Demographics for 07032, NJ
41,999
Population
15,340
Households
2.7
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
4,773
Density / Sq Mi
$83,212
Median Household Income
$45,251
Median Earnings
$1,649
Median Rent
$431,700
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 - Turnkey two-family residence with separate utilities, shared laundry, and a detached three-car garage.
Where is this duplex located?
The property is located at 105 Bergen Avenue Kearny, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1895‑built two‑family home with bonus attic space for a home office, gym, or recreation; Separate utilities for each unit to help reduce landlord overhead; Shared basement laundry area
