Two-Story Duplex with
For Sale
$699,000
220 Clinton Ave, Clifton, NJ 07011
Multi-Family, 2-Two Story, Clifton City, NJ
Property Size2,054 SF
Lot Size0.10 Acres
Price / SF$340.31
Days on Market34
Property Features for 220 Clinton Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Parking
1
Patio and Porch features
Patio
Interior features
Carbon Monoxide Detector, Carpeting, Smoke Detector, Wood Floors
Exterior features
Patio
Lot features
Corner
Directions
Paulison Ave to Clinton Ave
Standard status
Active
Size
2,054 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11547
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s), Ductless
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REAL
(855) 450-0442
Listed By:
NURYS ROSARIO · License #251908
Added: Jul 21
Changed: Aug 19
Last Checked: Aug 23 at 7:06PM
MLS# 4042099
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.
Located at 220 Clinton Ave in Clifton City, New Jersey, this duplex contains 2,054 square feet on a 0.1-acre lot. The two-story property was built in 1920 and includes a basement, three bedrooms, two bathrooms, carpeting, and wood floors. A patio provides exterior amenity space.
Building systems and features include ductless cooling, ceiling fans, a shingle roof, public water, and public sewer. Carbon monoxide and smoke detectors are also present, supporting the property's existing residential configuration.
Building systems and features include ductless cooling, ceiling fans, a shingle roof, public water, and public sewer. Carbon monoxide and smoke detectors are also present, supporting the property's existing residential configuration.
Key Highlights
- Duplex with 2,054 square feet of building area
- 0.1‑acre lot at 220 Clinton Ave, Clifton City, NJ 07011
- Built in 1920 with basement, 3 bedrooms, and 2 bathrooms
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
$34,376
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
4.92%
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%
$687,520
$687.5K
Cap Rate 7%
$491,086
$491.1K
Cap Rate 9%
$381,956
$382.0K
Market Conditions
NOI Build-Up for 2,054 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
$52.5K $25.56/SF
− Vacancy
−$3.4K −$1.65/SF
EGI
$49.1K $23.91/SF
− OpEx
−$14.7K −$7.17/SF
NOI
$34.4K $16.74/SF
Area
Passaic 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%
$687,520
Cap Rate 7%
$491,086
Cap Rate 9%
$381,956
Alternative Uses
Best Use
Multifamily LT 5
$491.1K
$429.7K – $572.9K
NOI $34,376 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$451.2K
$394.8K – $526.4K
NOI $31,586 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$536.3K
$469.3K – $625.7K
NOI $37,544 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
Explore this area
Business Placement
Demographics for 07011, NJ
41,691
Population
14,198
Households
2.9
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
13,449
Density / Sq Mi
$73,589
Median Household Income
$41,323
Median Earnings
$1,613
Median Rent
$403,200
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 - Residential duplex with separate living areas, wood flooring, ductless cooling, and public utilities.
Where is this duplex located?
The property is located at 220 Clinton Ave Clifton, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Duplex with 2,054 square feet of building area; 0.1‑acre lot at 220 Clinton Ave, Clifton City, NJ 07011; Built in 1920 with basement, 3 bedrooms, and 2 bathrooms
