Duplex With Two-Car
111 Van Winkle Ave, Hawthorne, NJ 07506
For Sale
$649,900
The two apartments offer one- and two-bedroom layouts, and the larger unit also includes a bonus room.
Property Size1,945 SF
Price / SF$334.14
Days on Market108
Property Features for 111 Van Winkle Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Net Operating Income
Units
Unit Mix
Multifamily Units
Amenities
Carbon Monoxide Detector
Fire Extinguisher
Smoke Detector
Tile Floors
Vinyl-Linoleum Floors
Wood Floors
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Coldwell Banker Realty
(201) 891-6700
Listed By:
Lorilynn Harvey
(201) 914-6315
Source:
Arcadiarealtors
Added: Jul 25
Changed: Nov 8
Last Checked: Nov 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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1923, this duplex contains two separate apartments. The first-floor residence has two bedrooms, a bonus room, an enclosed porch, hardwood flooring, and a living room with a wood-burning fireplace. Its eat-in kitchen connects to a laundry room. Upstairs, the second apartment includes one bedroom, one bathroom, a living room, and an eat-in kitchen.
A two-car garage and a double-width driveway provide on-site vehicle storage and parking. The property is located at 111 Van Winkle Ave in Hawthorne Boro, New Jersey.
A two-car garage and a double-width driveway provide on-site vehicle storage and parking. The property is located at 111 Van Winkle Ave in Hawthorne Boro, New Jersey.
Key Highlights
- Two‑apartment duplex built in 1923
- First‑floor apartment has two bedrooms, a bonus room, enclosed porch, and hardwood floors
- Wood‑burning fireplace in the first‑floor living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,552
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,040
$651.0K
Cap Rate 7%
$465,029
$465.0K
Cap Rate 9%
$361,689
$361.7K
Market Conditions
NOI Build-Up for 1,945 SF
Gross rent
$49.7K $25.56/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$46.5K $23.91/SF
− OpEx
−$14.0K −$7.17/SF
NOI
$32.6K $16.74/SF
Area
Passaic 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 Rate 5%
$651,040
Cap Rate 7%
$465,029
Cap Rate 9%
$361,689
Alternative Uses
Best Use
Multifamily LT 5
$465.0K
$406.9K – $542.5K
NOI $32,552 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$427.3K
$373.9K – $498.5K
NOI $29,910 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$507.9K
$444.4K – $592.5K
NOI $35,551 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
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Business Placement
Demographics for 07506, NJ
19,637
Population
8,033
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
5,951
Density / Sq Mi
$118,093
Median Household Income
$62,495
Median Earnings
$1,828
Median Rent
$499,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Passaic County, NJ
Properties on Market for Duplexes in Passaic County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two apartments offer one- and two-bedroom layouts, and the larger unit also includes a bonus room.
Where is this duplex located?
The property is located at 111 Van Winkle Ave Hawthorne, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑apartment duplex built in 1923; First‑floor apartment has two bedrooms, a bonus room, enclosed porch, and hardwood floors; Wood‑burning fireplace in the first‑floor living room
