Two-Family Duplex with Separate Living
1216 Broadway, Hillside, NJ 07205
For Sale
$619,900
Residential property with distinct accommodations, comfortable interiors, and access to schools, shopping, parks, highways, and public transportation.
Property Size1,892 SF
Price / SF$327.64
Days on Market95
Property Features for 1216 Broadway
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
EXIT Realty East Coast Shirvanian
Listed By:
Marcia Lentini · License NJ #1866417
(732) 977-3325
Source:
Soldbypattie
Added: Aug 8
Changed: Nov 10
Last Checked: Oct 7 at 2:43PM
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 EXIT Realty East Coast Shirvanian
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Investment Insights
Based on property information with market context.
This duplex, built in 1922, contains two separate residential units with spacious floor plans, comfortable living areas, and generous natural light. The two-family configuration provides distinct accommodations within one property and supports flexible occupancy arrangements.
The property is located at 1216 Broadway in Hillside Twp., New Jersey, near schools, parks, shopping, major highways, and public transportation. WalkScore is 45, categorized as Car-Dependent, while BikeScore is 36, categorized as Somewhat Bikeable.
The property is located at 1216 Broadway in Hillside Twp., New Jersey, near schools, parks, shopping, major highways, and public transportation. WalkScore is 45, categorized as Car-Dependent, while BikeScore is 36, categorized as Somewhat Bikeable.
Key Highlights
- Two‑family duplex with separate residential units
- Built in 1922
- Spacious layouts with comfortable living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,665
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,300
$633.3K
Cap Rate 7%
$452,357
$452.4K
Cap Rate 9%
$351,833
$351.8K
Market Conditions
NOI Build-Up for 1,892 SF
Gross rent
$48.4K $25.56/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$45.2K $23.91/SF
− OpEx
−$13.6K −$7.17/SF
NOI
$31.7K $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 Rate 5%
$633,300
Cap Rate 7%
$452,357
Cap Rate 9%
$351,833
Alternative Uses
Best Use
Multifamily LT 5
$452.4K
$395.8K – $527.8K
NOI $31,665 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$415.6K
$363.7K – $484.9K
NOI $29,095 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$494.0K
$432.3K – $576.4K
NOI $34,583 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 07205, NJ
22,432
Population
7,550
Households
3
Avg Household Size
39
Median Age
29%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
8,011
Density / Sq Mi
$98,558
Median Household Income
$47,633
Median Earnings
$1,712
Median Rent
$363,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Hillside
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Residential property with distinct accommodations, comfortable interiors, and access to schools, shopping, parks, highways, and public transportation.
Where is this duplex located?
The property is located at 1216 Broadway Hillside, NJ.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Two‑family duplex with separate residential units; Built in 1922; Spacious layouts with comfortable living areas
