Two-Family Investment
22 Hope St Lodi, NJ 07644
22 Hope St, Lodi, NJ, 07644
$459,000
For Sale
$459,000
MULTI_FAMILY - Lodi Boro, NJ
Property Size1,350 SF
Lot Size0.10 Acres
Price / SF$340
Days on Market59
Property Features for 22 Hope St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bedroom 1, Bathroom 2, Bedroom 2
- Parking
- 5
- Interior features
- Carbon Monoxide Detector, Smoke Detector
- Exterior features
- Metal Fence, Storage Shed
- Fencing
- Fenced
- Standard status
- Active
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9136
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
REALTY EXECUTIVES EXCEPTIONAL
(973) 575-6700
271 ROUTE 46 W BUILDING G, UNIT 101, Fairfield, NJ
Listed by
FRANCIS CIFALINO · License #311939
Added: May 20 Checked: Jul 17 at 2:06 pm
MLS# 4029014
Listing URL
Copyright © 2026 Garden State MLS, LLC. 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 two-family property was originally built in 1870 and completely rebuilt in 1972, retaining only the original foundation. The layout provides two separate 1-bedroom, 1-bath units, each with a kitchen and living room and approximately 675 square feet of living space. Major systems including furnaces, hot water heaters, plumbing, and electrical have been maintained over the years. Both units require interior renovation and updating, and the property is being sold strictly AS IS.
The exterior includes vinyl siding and a stone façade, along with ample off-street parking. A small basement is available with exterior access only, which supports access to utilities and crawl space. The home is located on a quiet residential street in Lodi, near schools, shopping, and transportation.
The property offers a practical fit for investors, contractors, or an owner-occupant willing to complete interior renovations. With the units delivered vacant and the seller making no repairs, improvements, or credits, interested parties should plan accordingly for interior scope and updates before occupancy or re-tenanting.
The exterior includes vinyl siding and a stone façade, along with ample off-street parking. A small basement is available with exterior access only, which supports access to utilities and crawl space. The home is located on a quiet residential street in Lodi, near schools, shopping, and transportation.
The property offers a practical fit for investors, contractors, or an owner-occupant willing to complete interior renovations. With the units delivered vacant and the seller making no repairs, improvements, or credits, interested parties should plan accordingly for interior scope and updates before occupancy or re-tenanting.
Key Highlights
- Two‑family property built in 1870; completely rebuilt in 1972 with original foundation retained
- Each unit offers approximately 675 sq. ft. with 1 bedroom, 1 full bath, kitchen, and living room
- Major systems maintained over the years, including furnaces, hot water heaters, plumbing, and electrical
Local 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 | $34.5k | $25.56 |
| − Vacancy | −$2.2k | −$1.65 |
| EGI | $32.3k | $23.91 |
| − OpEx | −$9.7k | −$7.17 |
| NOI | $22.6k | $16.74 |
1,350 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.8K
$282.4K – $376.6K
NOI $22,594 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.0K
NOI $20,760 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two independent units in a non-flood zone setting, sold vacant and ready for interior renovation updates.
Where is this duplex located?
The property is located at 22 Hope St Lodi, NJ.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two‑family property built in 1870; completely rebuilt in 1972 with original foundation retained; Each unit offers approximately 675 sq. ft. with 1 bedroom, 1 full bath, kitchen, and living room; Major systems maintained over the years, including furnaces, hot water heaters, plumbing, and electrical
