Remodeled Two-Family
For Sale
$779,999
14 Old Newark Pompton Tpke, Wayne, NJ 07470
Two updated residential units provide a straightforward income-property configuration across two levels.
Property Size2,104 SF
Price / SF$370.72
Days on Market107
Property Features for 14 Old Newark Pompton Tpke
General Information
Standard status
Active
Size
2,104 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,386
Building Details
Year Built
1918
Buildings
1
Units
2
Listing Agency:
SIGNATURE HOMES & ESTATES INC
(973) 283-8800
Listed By:
DOMINIC J. PASCUCCI
Source:
Elliman
Added: May 15
Changed: Aug 29
Last Checked: Aug 29 at 5:22PM
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 SIGNATURE HOMES & ESTATES INC
Investment Insights
Based on property information with market context.
This two-family duplex at 14 Old Newark Pompton Tpke in Wayne Twp., New Jersey, offers approximately 2,104 square feet arranged over two floors. Each level contains two bedrooms and one bathroom, creating a matching unit layout throughout the residence. Both units have been recently remodeled, providing updated interiors within a property built in 1918.
The address is served by a walk score of 29, identified as car-dependent, and a bike score of 16, identified as somewhat bikeable. The property is offered for sale and is classified as a duplex asset.
The address is served by a walk score of 29, identified as car-dependent, and a bike score of 16, identified as somewhat bikeable. The property is offered for sale and is classified as a duplex asset.
Key Highlights
- Two‑family duplex with approximately 2,104 sqft
- Two bedrooms and one bath on each floor
- Both units recently remodeled
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
$35,213
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
4.51%
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%
$704,260
$704.3K
Cap Rate 7%
$503,043
$503.0K
Cap Rate 9%
$391,256
$391.3K
Market Conditions
NOI Build-Up for 2,104 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
$53.8K $25.56/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.3K $23.91/SF
− OpEx
−$15.1K −$7.17/SF
NOI
$35.2K $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 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%
$704,260
Cap Rate 7%
$503,043
Cap Rate 9%
$391,256
Alternative Uses
Best Use
Multifamily LT 5
$503.0K
$440.2K – $586.9K
NOI $35,213 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$462.2K
$404.4K – $539.3K
NOI $32,355 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$549.4K
$480.7K – $641.0K
NOI $38,458 @ 7.0% cap · market cap 4.93%
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
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 07470, NJ
55,284
Population
19,396
Households
2.9
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
23.9 sq mi
ZIP Area
2,313
Density / Sq Mi
$151,561
Median Household Income
$70,100
Median Earnings
$2,126
Median Rent
$596,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units provide a straightforward income-property configuration across two levels.
Where is this duplex located?
The property is located at 14 Old Newark Pompton Tpke Wayne, NJ.
What is the asking price?
The asking price for this property is $779,999.
What are key features of this property?
This property features: Two‑family duplex with approximately 2,104 sqft; Two bedrooms and one bath on each floor; Both units recently remodeled
