Two-Unit Residential Income
20 West 22nd Street Bayonne, NJ 07002
For Sale
$795,000
Pending
Duplex offering two separate units with a two-car attached garage, forced hot air heat, and central A/C.
Property Size2,436 SF
Days on Market16
Property Features for 20 West 22nd Street
General Information
- Standard status
- Pending
- Size
- 2,436 SF
- Property subtype
- 2 FAMILY / 2 Family
Listing Agency:
EXP REALTY LLC
(866) 201-6210
Listed By:
KIROLLOS NASRALAH · License #1327873
(866) 201-6210
Source:
Compass
Added: Jul 8
Changed: Jul 22
Last Checked: Jul 21 at 12:03AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This duplex totals 2,436 sq ft and is configured as two separate units. Unit 1 has three bedrooms, one full bath, and one half bath. Unit 2 also provides three bedrooms, including a walk-in closet, along with two full baths. A partially finished basement adds additional space, with room for storage and flexible use.
The property includes a two-car attached garage and is equipped with forced hot air heating and central A/C.
Ideal for either owner-occupant living or an investment plan, this two-unit residential property is located in Bayonne’s central area, with shopping, dining, and entertainment options described as just moments away.
The property includes a two-car attached garage and is equipped with forced hot air heating and central A/C.
Ideal for either owner-occupant living or an investment plan, this two-unit residential property is located in Bayonne’s central area, with shopping, dining, and entertainment options described as just moments away.
Key Highlights
- Duplex in Bayonne, NJ offering two separate units
- Total living area of 2,436 sq ft with 6 bedrooms and 4 baths (3 full, 1 half)
- Unit 1: 3 bedrooms, 1 full bath, and 1 half bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.3k | $25.56 |
| − Vacancy | −$4.0k | −$1.65 |
| EGI | $58.2k | $23.91 |
| − OpEx | −$17.5k | −$7.17 |
| NOI | $40.8k | $16.74 |
2,436 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offering two separate units with a two-car attached garage, forced hot air heat, and central A/C.
Where is this duplex located?
The property is located at 20 West 22nd Street 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: Duplex in Bayonne, NJ offering two separate units; Total living area of 2,436 sq ft with 6 bedrooms and 4 baths (3 full, 1 half); Unit 1: 3 bedrooms, 1 full bath, and 1 half bath
