2-Unit Duplex with Private Outdoor
For Sale
$1,199,000
202 FAIRVIEW AVE JC, Jersey City, NJ 07304
Two separate homes offer distinct layouts, private entrances, and outdoor areas for varied living arrangements.
Property Size2,900 SF
Price / SF$413.45
Days on Market9
Property Features for 202 FAIRVIEW AVE JC
General Information
Standard status
Active
Size
2,900 SF
Property subtype
2 Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
covered front porch
private patio
dedicated outdoor yard space
garage parking
Listing Agency:
TERRANE REALTY ADVISORS
Listed By:
CHRISTIAN ALFONSO BASTIDAS
(201) 903-0444
Source:
Propertiesbysouthern
Added: Sep 24
Changed: Oct 2
Last Checked: Oct 1 at 7:23PM
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 TERRANE REALTY ADVISORS
Investment Insights
Based on property information with market context.
This two-unit duplex pairs a larger residence with a separate, two-level home. The main unit contains approximately 2,100 sq. ft., with 3 bedrooms, 3 full bathrooms, a powder room, a flexible-use room, and a kitchen with quartz waterfall counters, custom cabinetry, and a pantry. It also includes a private patio. The second residence spans approximately 800 sq. ft. and has 2 bedrooms, a living and dining area, a kitchen, a private entrance, and its own yard. South-facing windows bring natural light into this unit.
The property has approximately 2,900 sq. ft. of combined living space. Garage parking is available. Nearby destinations include Journal Square PATH, Lincoln Park, shopping, dining, and NYC transportation.
The property has approximately 2,900 sq. ft. of combined living space. Garage parking is available. Nearby destinations include Journal Square PATH, Lincoln Park, shopping, dining, and NYC transportation.
Key Highlights
- Two residences with approximately 2,900 sq. ft. of combined living space
- Main unit: approximately 2,100 sq. ft., 3 bedrooms, 3 full bathrooms, and a powder room
- Second unit: approximately 800 sq. ft., 2 bedrooms, and a private entrance
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
$65,816
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
5.49%
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%
$1,316,320
$1.3M
Cap Rate 7%
$940,229
$940.2K
Cap Rate 9%
$731,289
$731.3K
Market Conditions
NOI Build-Up for 2,900 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
$99.2K $34.20/SF
− Vacancy
−$5.2K −$1.78/SF
EGI
$94.0K $32.42/SF
− OpEx
−$28.2K −$9.73/SF
NOI
$65.8K $22.70/SF
Area
Jersey City, NJ
Vacancy
5.20%
Lease Rate
$34.20 /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%
$1,316,320
Cap Rate 7%
$940,229
Cap Rate 9%
$731,289
Alternative Uses
Best Use
Multifamily LT 5
$940.2K
$822.7K – $1.10M
NOI $65,816 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$843.4K
$738.0K – $984.0K
NOI $59,037 @ 7.0% cap · market cap 4.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,555
Businesses Nearby
Explore this area
Business Placement
Demographics for 07304, NJ
48,681
Population
21,211
Households
2.3
Avg Household Size
35
Median Age
40%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
23,181
Density / Sq Mi
$68,432
Median Household Income
$47,673
Median Earnings
$1,572
Median Rent
$489,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes offer distinct layouts, private entrances, and outdoor areas for varied living arrangements.
Where is this duplex located?
The property is located at 202 FAIRVIEW AVE JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two residences with approximately 2,900 sq. ft. of combined living space; Main unit: approximately 2,100 sq. ft., 3 bedrooms, 3 full bathrooms, and a powder room; Second unit: approximately 800 sq. ft., 2 bedrooms, and a private entrance
