Two-Unit Residential Income
New
For Sale
$775,000
147 Lincoln Street, Jersey City, NJ 07307
2-4 Family, Jersey City, NJ
Property Size1,300 SF
Price / SF$596.15
Days on Market7
Property Features for 147 Lincoln Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
Subdivision
Jersey City
Standard status
Active
Utilities
Cooling system
None (Cooling)
Listing Agency:
Keller Williams Village Square Realty · Keller Williams Realty
(201) 445-4300
Listed By:
Sally Ponchak
(201) 891-6700
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 11:06AM
MLS# 26032988
Copyright © 2026 New Jersey MLS Inc. 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.
Unit 1 is a 1,300-square-foot, two-bedroom, two-bath condominium residence within a two-unit building at 147 Lincoln Street. The home is under construction and is expected to be completed in late September 2026. Its open-concept layout includes two full bathrooms and a bonus room that can serve as a home office, den, or flex space.
The property is in Jersey City, with access to Manhattan and nearby restaurants, shops, and nightlife. Regional transportation options include PATH, light rail, and ferry service, providing several commuting connections. Renderings depict the anticipated finished residence.
The property is in Jersey City, with access to Manhattan and nearby restaurants, shops, and nightlife. Regional transportation options include PATH, light rail, and ferry service, providing several commuting connections. Renderings depict the anticipated finished residence.
Key Highlights
- 1,300 sq ft Unit 1 condominium residence
- Two bedrooms and two full baths
- Bonus room supports office, den, or flex use
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
$26,465
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
3.41%
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%
$529,300
$529.3K
Cap Rate 7%
$378,071
$378.1K
Cap Rate 9%
$294,056
$294.1K
Market Conditions
NOI Build-Up for 1,300 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
$50.5K $38.88/SF
− Vacancy
−$2.4K −$1.87/SF
EGI
$48.1K $37.01/SF
− OpEx
−$21.7K −$16.66/SF
NOI
$26.5K $20.36/SF
Area
Jersey City, NJ
Vacancy
4.80%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
45.00%
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%
$529,300
Cap Rate 7%
$378,071
Cap Rate 9%
$294,056
Alternative Uses
Best Use
Apartment 5plus
$378.1K
$330.8K – $441.1K
NOI $26,465 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$421.5K
$368.8K – $491.7K
NOI $29,504 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,503
Businesses Nearby
Explore this area
Business Placement
Demographics for 07307, NJ
44,247
Population
18,762
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
23,288
Density / Sq Mi
$80,745
Median Household Income
$52,729
Median Earnings
$1,708
Median Rent
$574,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Under-construction residence with two full baths and a flexible bonus room for office, den, or additional living space.
Where is this residential income property located?
The property is located at 147 Lincoln Street Jersey City, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1,300 sq ft Unit 1 condominium residence; Two bedrooms and two full baths; Bonus room supports office, den, or flex use
