Duplex with Finished
For Sale
$849,000
27 Honiss St, Belleville, NJ 07109
Two residential units are complemented by an attached garage, backyard, and driveway parking.
Property Size2,144 SF
Price / SF$395.99
Days on Market63
Property Features for 27 Honiss St
General Information
Standard status
Active
Size
2,144 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
attached garage
backyard
finished basement
Building Details
Year Built
1897
Buildings
1
Listing Agency:
RE/MAX SELECT
Listed By:
MARIANGELA RODRIGUEZ QUINTERO
(973) 739-8008
Source:
Goldstandardrealty
Added: Aug 14
Changed: Oct 13
Last Checked: Oct 15 at 1:03AM
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 RE/MAX SELECT
Investment Insights
Based on property information with market context.
This two-unit residential property contains 2,144 square feet and was built in 1897. The larger apartment offers four bedrooms and one full bathroom, while the second includes three bedrooms and one full bathroom. A finished basement adds another full bathroom along with flexible living or recreation space. An attached garage, backyard, and driveway accommodating up to four vehicles complete the property’s physical features.
The home is situated near major highways, public transportation, shopping, restaurants, schools, and parks. Its two-unit configuration, additional finished space, and on-site parking support residential occupancy and investment use without relying on unverified assumptions about tenancy or operations.
The home is situated near major highways, public transportation, shopping, restaurants, schools, and parks. Its two-unit configuration, additional finished space, and on-site parking support residential occupancy and investment use without relying on unverified assumptions about tenancy or operations.
Key Highlights
- Two‑unit property with 2,144 square feet, built in 1897
- Unit mix includes 4 bedrooms and 1 full bathroom plus 3 bedrooms and 1 full bathroom
- Finished basement with an additional full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,882
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,640
$717.6K
Cap Rate 7%
$512,600
$512.6K
Cap Rate 9%
$398,689
$398.7K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$54.8K $25.56/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$51.3K $23.91/SF
− OpEx
−$15.4K −$7.17/SF
NOI
$35.9K $16.74/SF
Area
Essex 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 Rate 5%
$717,640
Cap Rate 7%
$512,600
Cap Rate 9%
$398,689
Alternative Uses
Best Use
Multifamily LT 5
$512.6K
$448.5K – $598.0K
NOI $35,882 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$559.8K
$489.9K – $653.2K
NOI $39,189 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
Explore this area
Business Placement
Demographics for 07109, NJ
38,078
Population
15,045
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
11,539
Density / Sq Mi
$90,164
Median Household Income
$47,446
Median Earnings
$1,596
Median Rent
$405,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 residential units are complemented by an attached garage, backyard, and driveway parking.
Where is this duplex located?
The property is located at 27 Honiss St Belleville, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑unit property with 2,144 square feet, built in 1897; Unit mix includes 4 bedrooms and 1 full bathroom plus 3 bedrooms and 1 full bathroom; Finished basement with an additional full bathroom
