2-Unit Duplex with
193 Hoffman Boulevard, East Orange, NJ 07017
For Sale
$580,000
Pending
Each apartment has two bedrooms, dining and living rooms, a kitchen, and 2+ baths.
Property Size2,318 SF
Days on Market12
Property Features for 193 Hoffman Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
Full,Utility Room,Laundry Facilities
true
2
3
Unit 1(Dining Room,2 Bedrooms,Kitchen,Living Room,2+ Baths),Unit 2(Dining Room,2 Bedrooms,Kitchen,Living Room,2+ Baths)
Level,Near Public Transit
Public
0.0758
100.00 x 33.00
Garage,Detached,Garage Door Opener
2318
1
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
(732) 853-1896
Listed By:
Steven Fendler
Source:
Orangekeyrealty
Added: Oct 29
Changed: Nov 9
Last Checked: Nov 8 at 3:37PM
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 Steven Fendler
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Investment Insights
Based on property information with market context.
This 2,318-square-foot duplex contains two apartments, each arranged with two bedrooms, a dining room, living room, kitchen, and 2+ baths. A third-floor area adds living space. The property also has separate utilities, a detached 2-car garage, and a driveway. The roof was installed in 2013, and the chimney has been repaired.
At 193 Hoffman Boulevard, the property sits near the East Orange and Bloomfield border. Public transportation is nearby, with NJ Transit bus service on Hoffman Boulevard.
At 193 Hoffman Boulevard, the property sits near the East Orange and Bloomfield border. Public transportation is nearby, with NJ Transit bus service on Hoffman Boulevard.
Key Highlights
- Two apartments, each with two bedrooms and 2+ baths
- 2,318 square feet with additional living space on the third floor
- Detached 2‑car garage and separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,794
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,880
$775.9K
Cap Rate 7%
$554,200
$554.2K
Cap Rate 9%
$431,044
$431.0K
Market Conditions
NOI Build-Up for 2,318 SF
Gross rent
$59.2K $25.56/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$55.4K $23.91/SF
− OpEx
−$16.6K −$7.17/SF
NOI
$38.8K $16.74/SF
Area
Essex 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%
$775,880
Cap Rate 7%
$554,200
Cap Rate 9%
$431,044
Alternative Uses
Best Use
Multifamily LT 5
$554.2K
$484.9K – $646.6K
NOI $38,794 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$509.2K
$445.6K – $594.1K
NOI $35,646 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$605.3K
$529.6K – $706.2K
NOI $42,369 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 07017, NJ
39,054
Population
16,770
Households
2.3
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
2.3 sq mi
ZIP Area
16,980
Density / Sq Mi
$61,552
Median Household Income
$39,847
Median Earnings
$1,346
Median Rent
$316,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in East Orange, NJ
Properties on Market for Duplexes in East Orange
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has two bedrooms, dining and living rooms, a kitchen, and 2+ baths.
Where is this duplex located?
The property is located at 193 Hoffman Boulevard East Orange, NJ.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms and 2+ baths; 2,318 square feet with additional living space on the third floor; Detached 2‑car garage and separate utilities
