Two-Story Duplex with
New
For Sale
$619,000
27 Hillcrest Ave, Lodi, NJ 07644
Multi-Family, 2-Two Story, Lodi Boro, NJ
Property Size1,456 SF
Lot Size0.09 Acres
Price / SF$425.14
Days on Market2
Property Features for 27 Hillcrest Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Basement
Patio and Porch features
Porch
Interior features
Carbon Monoxide Detector, Wood Floors
Exterior features
Open Porch(es)
Lot features
Corner
Elementary school
HILLTOP
Middle school
JEFFERSON
High school
LODI HS
Directions
From Main St in Lodi, head toward Central Ave and turn onto Hillcrest Ave. Property is on the corner of Central Ave and Hillcrest Ave.
Standard status
Active
Size
1,456 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9926
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1957
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
TERRIE O'CONNOR REALTORS
(201) 891-0100
Listed By:
AMY PARKER
(201) 786-9055
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 8:06AM
MLS# 4052124
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 1,456-square-foot duplex, built in 1957, is arranged as two apartments in a top-and-bottom configuration. Each unit includes two bedrooms, one bathroom, a living room, and an eat-in kitchen. Separate entrances open from the front porch, while the first-floor apartment also has a kitchen-side exterior door. Wood floors, baseboard and hot water heating, and an unfinished basement with washer/dryer hookups add practical features. The basement is reached through the first-floor apartment or by rear stairs from the yard.
The property occupies 0.09 acres and includes a private side yard shaded by mature trees. Public water and public sewer serve the home, with cable available. The Lodi Boro location provides access to Rt 80, Rt 46, NJ Transit, and NYC bus and train commuter routes. The roof is shingle, and the exterior includes an open porch.
The property occupies 0.09 acres and includes a private side yard shaded by mature trees. Public water and public sewer serve the home, with cable available. The Lodi Boro location provides access to Rt 80, Rt 46, NJ Transit, and NYC bus and train commuter routes. The roof is shingle, and the exterior includes an open porch.
Key Highlights
- Duplex configuration with two apartments in a top‑and‑bottom layout
- Each apartment includes 2 bedrooms, 1 bathroom, living room, and eat‑in kitchen
- 1,456 square feet on a 0.09‑acre lot
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
$24,368
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
3.94%
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%
$487,360
$487.4K
Cap Rate 7%
$348,114
$348.1K
Cap Rate 9%
$270,756
$270.8K
Market Conditions
NOI Build-Up for 1,456 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
$37.2K $25.56/SF
− Vacancy
−$2.4K −$1.65/SF
EGI
$34.8K $23.91/SF
− OpEx
−$10.4K −$7.17/SF
NOI
$24.4K $16.74/SF
Area
Bergen 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%
$487,360
Cap Rate 7%
$348,114
Cap Rate 9%
$270,756
Alternative Uses
Best Use
Multifamily LT 5
$348.1K
$304.6K – $406.1K
NOI $24,368 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$319.9K
$279.9K – $373.2K
NOI $22,390 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$380.2K
$332.7K – $443.6K
NOI $26,613 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 07644, NJ
26,206
Population
9,864
Households
2.7
Avg Household Size
39
Median Age
28%
College-Educated
85%
High-School Grad
2.3 sq mi
ZIP Area
11,394
Density / Sq Mi
$84,570
Median Household Income
$48,142
Median Earnings
$1,675
Median Rent
$449,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Top-and-bottom layout offers separate entrances, two bedrooms per apartment, and a private side yard in Lodi Boro.
Where is this duplex located?
The property is located at 27 Hillcrest Ave Lodi, NJ.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Duplex configuration with two apartments in a top‑and‑bottom layout; Each apartment includes 2 bedrooms, 1 bathroom, living room, and eat‑in kitchen; 1,456 square feet on a 0.09‑acre lot
