Duplex with Attached Two-Car
New
For Sale
$795,000
20 W 22ND ST, Bayonne, NJ 07002
2 Family, Multi-Level, Bayonne, NJ
Property Size2,436 SF
Price / SF$326.35
Days on Market5
Property Features for 20 W 22ND ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Basement, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 2
Directions
Broadway & Avenue C
Subdivision
Bayonne
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10499
Building Details
Architectural style
Other
Listing Agency:
EXP REALTY LLC
(866) 201-6210
Listed By:
KIROLLOS NASRALAH · License #1327873
(866) 201-6210
Added: Aug 28
Last Checked: Sep 1 at 12:06PM
MLS# 260017245
Copyright © 2026 Realty 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.
This 2,436-square-foot duplex contains two separate residences within a multi-level layout. The first unit includes three bedrooms, one full bathroom, and one half bathroom. The second offers three bedrooms, two full bathrooms, and a walk-in closet. A partially finished basement adds storage and flexible usable space.
The property also includes an attached two-car garage, forced hot air heating, and central A/C. Located at 20 W 22ND ST in Bayonne, the home is near shopping, dining, and entertainment options in the surrounding neighborhood.
The property also includes an attached two-car garage, forced hot air heating, and central A/C. Located at 20 W 22ND ST in Bayonne, the home is near shopping, dining, and entertainment options in the surrounding neighborhood.
Key Highlights
- 2,436‑square‑foot duplex with two residential units
- Unit 1 includes 3 bedrooms, 1 full bath, and 1 half bath
- Unit 2 offers 3 bedrooms, a walk‑in closet, and 2 full baths
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
$40,769
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
5.13%
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%
$815,380
$815.4K
Cap Rate 7%
$582,414
$582.4K
Cap Rate 9%
$452,989
$453.0K
Market Conditions
NOI Build-Up for 2,436 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
$62.3K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$58.2K $23.91/SF
− OpEx
−$17.5K −$7.17/SF
NOI
$40.8K $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%
$815,380
Cap Rate 7%
$582,414
Cap Rate 9%
$452,989
Alternative Uses
Best Use
Multifamily LT 5
$582.4K
$509.6K – $679.5K
NOI $40,769 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$535.2K
$468.3K – $624.4K
NOI $37,461 @ 7.0% cap · market cap 4.71%
Theoretical Best
Warehouse
$882.1K
$771.8K – $1.03M
NOI $61,747 @ 7.0% cap · market cap 7.77%
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
2,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 07002, NJ
71,686
Population
30,161
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
12,360
Density / Sq Mi
$81,285
Median Household Income
$51,157
Median Earnings
$1,593
Median Rent
$446,100
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 provide six bedrooms, three full baths, and one half bath across a multi-level layout.
Where is this duplex located?
The property is located at 20 W 22ND ST Bayonne, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,436‑square‑foot duplex with two residential units; Unit 1 includes 3 bedrooms, 1 full bath, and 1 half bath; Unit 2 offers 3 bedrooms, a walk‑in closet, and 2 full baths
