Side-by-Side Duplex with Private
For Sale
$785,000
126 Dukes St, Kearny, NJ 07032
Two residences include separate entrances, utilities, basements, and outdoor areas.
Property Size2,636 SF
Price / SF$297.80
Days on Market10
Property Features for 126 Dukes St
General Information
Standard status
Active
Size
2,636 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,479
Building Details
Buildings
1
Listing Agency:
Century 21 Venture Real Estate-Kearny
(201) 873-0052
Listed By:
Luz Elenia Rivera
(201) 873-0052
Source:
Exprealty
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 21 at 9:32AM
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 Century 21 Venture Real Estate-Kearny
Investment Insights
Based on property information with market context.
This side-by-side duplex at 126 Dukes St features two distinct residences under one roof, each with its own entrance, living and dining rooms, basement access, utilities, and outdoor area. One unit offers 3 bedrooms and 1.5 baths; the other includes 2 bedrooms and 2.5 baths. Both residences have hardwood floors, natural light, and functional room layouts.
The property contains approximately 2,636 sq. ft. of finished living space across the first and second floors, along with substantial basement space for storage and additional flexibility. Separate circulation extends from the front entrances through the basements and exterior areas, while each unit has its own yard. The home is directly next to a Kearny park, adding immediate access to green space and recreation.
The property contains approximately 2,636 sq. ft. of finished living space across the first and second floors, along with substantial basement space for storage and additional flexibility. Separate circulation extends from the front entrances through the basements and exterior areas, while each unit has its own yard. The home is directly next to a Kearny park, adding immediate access to green space and recreation.
Key Highlights
- True side‑by‑side 2‑family layout with separate entrances and living spaces
- Unit mix includes 3 bedrooms and 1.5 baths, plus 2 bedrooms and 2.5 baths
- Approximately 2,636 sq. ft. of finished living space
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
$44,117
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
5.62%
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%
$882,340
$882.3K
Cap Rate 7%
$630,243
$630.2K
Cap Rate 9%
$490,189
$490.2K
Market Conditions
NOI Build-Up for 2,636 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
$67.4K $25.56/SF
− Vacancy
−$4.4K −$1.65/SF
EGI
$63.0K $23.91/SF
− OpEx
−$18.9K −$7.17/SF
NOI
$44.1K $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%
$882,340
Cap Rate 7%
$630,243
Cap Rate 9%
$490,189
Alternative Uses
Best Use
Multifamily LT 5
$630.2K
$551.5K – $735.3K
NOI $44,117 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$579.1K
$506.7K – $675.6K
NOI $40,536 @ 7.0% cap · market cap 5.16%
Theoretical Best
Warehouse
$954.5K
$835.2K – $1.11M
NOI $66,817 @ 7.0% cap · market cap 8.51%
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
1,661
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 - Two residences include separate entrances, utilities, basements, and outdoor areas.
Where is this duplex located?
The property is located at 126 Dukes St Kearny, NJ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: True side‑by‑side 2‑family layout with separate entrances and living spaces; Unit mix includes 3 bedrooms and 1.5 baths, plus 2 bedrooms and 2.5 baths; Approximately 2,636 sq. ft. of finished living space
