Renovated Two-Family
New
For Sale
$1,099,900
1091 Alfieri Ct, Union, NJ 07083
Multi-Family, 2-Two Story, Union Twp., NJ
Property Size2,744 SF
Lot Size0.09 Acres
Price / SF$400.84
Days on Market1
Property Features for 1091 Alfieri Ct
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 1, Bedroom 6, Basement, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 2, Bedroom 5, Bathroom 5, Bedroom 8
Parking
2
Patio and Porch features
Patio
Interior features
Blinds, Carbon Monoxide Detector, Smoke Detector, Tile Floors, Wood Floors
Exterior features
Patio
Directions
Burnet Ave to Alfieri Ct
Standard status
Active
Size
2,744 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15952
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air
in-unit laundry
finished basement
backyard
Building Details
Year built
1975
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REAL
(855) 450-0442
Listed By:
JORGE CASALINS
Added: Aug 31
Last Checked: Aug 31 at 2:06PM
MLS# 4049636
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.
Investment Insights
Based on property information with market context.
This renovated duplex in Union Twp. contains 2,744 square feet and was built in 1975. Each of the two units includes four bedrooms, two full bathrooms, wood floors, crown molding, central air, and a kitchen with a center island, custom cabinetry, and stainless steel appliances. The second-floor unit has an in-unit laundry room, while the finished basement adds a summer kitchen, full bathroom, flex space, and dual laundry hookups.
The property sits on a 0.09-acre lot at 1091 Alfieri Ct. Exterior features include a patio, two-car garage, and driveway parking for 4+ vehicles. Separate utilities, public water, public sewer, forced-air heating, and a shingle roof are also in place.
The property sits on a 0.09-acre lot at 1091 Alfieri Ct. Exterior features include a patio, two-car garage, and driveway parking for 4+ vehicles. Separate utilities, public water, public sewer, forced-air heating, and a shingle roof are also in place.
Key Highlights
- Two‑unit duplex with 2,744 square feet of property size
- Each unit offers 4 bedrooms and 2 full bathrooms
- Finished basement with summer kitchen, full bathroom, flex space, and dual laundry hookups
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
$45,924
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
4.18%
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%
$918,480
$918.5K
Cap Rate 7%
$656,057
$656.1K
Cap Rate 9%
$510,267
$510.3K
Market Conditions
NOI Build-Up for 2,744 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
$70.1K $25.56/SF
− Vacancy
−$4.5K −$1.65/SF
EGI
$65.6K $23.91/SF
− OpEx
−$19.7K −$7.17/SF
NOI
$45.9K $16.74/SF
Area
Union 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%
$918,480
Cap Rate 7%
$656,057
Cap Rate 9%
$510,267
Alternative Uses
Best Use
Multifamily LT 5
$656.1K
$574.1K – $765.4K
NOI $45,924 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$602.8K
$527.5K – $703.3K
NOI $42,197 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$716.5K
$627.0K – $835.9K
NOI $50,156 @ 7.0% cap · market cap 4.56%
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
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 07083, NJ
56,131
Population
20,792
Households
2.7
Avg Household Size
41
Median Age
41%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
6,452
Density / Sq Mi
$118,106
Median Household Income
$58,443
Median Earnings
$1,938
Median Rent
$425,600
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 - Two residential units feature updated interiors, separate utilities, central air, and access to a finished basement.
Where is this duplex located?
The property is located at 1091 Alfieri Ct Union, NJ.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,744 square feet of property size; Each unit offers 4 bedrooms and 2 full bathrooms; Finished basement with summer kitchen, full bathroom, flex space, and dual laundry hookups
