Two-Family Residence with Unfinished
For Sale
$645,000
278 High St, Hackensack, NJ 07601
MULTI_FAMILY - Hackensack City, NJ
Property Size1,767 SF
Lot Size0.06 Acres
Price / SF$365.03
Days on Market97
Property Features for 278 High St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Basement
Interior features
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
Exterior features
Curbs, Partially Fenced, Sidewalk
Fencing
Partial
Lot features
Level Lot
Elementary school
FAIRMOUNT
Middle school
MIDDLE
High school
HACKENSACK
Directions
2nd St to High St
Standard status
Active
Size
1,767 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10920
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Other (Heating), Radiant, Hot Water(Heating)
Water source
Public
Amenities
private backyard
Building Details
Year built
1926
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
XCEED REALTY LLP
(201) 833-5000
Listed By:
DENISE BELCHER
(201) 723-4274
Added: May 17
Changed: Aug 18
Last Checked: Aug 21 at 10:06PM
MLS# 4028260
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.
Two-family residence offering approximately 1,767 sq ft of living space. The 1st floor includes living room, bedroom, eat-in kitchen, and bath, with access to the unfinished basement. The 2nd floor features a renovated layout with living room, bedroom, two bedrooms total, and an eat-in kitchen, along with recessed lights, bath, and hardwood floors. A 3rd floor walk-up attic includes two unfinished bonus rooms. The home has separate gas utilities, a young roof, and is sold as-is.
The property has no driveway and offers on-street parking only. There is a private backyard and partially fenced exterior with curbs and sidewalk. Heating is radiant and hot water (heating), and the roof is shingle. Utilities include cable available, with public water and public sewer.
Built in 1926, this two-family is positioned close to schools and Hackensack University Medical Center, with convenient access to NYC transit nearby. Use ShowingTime with 24-hour notice.
The property has no driveway and offers on-street parking only. There is a private backyard and partially fenced exterior with curbs and sidewalk. Heating is radiant and hot water (heating), and the roof is shingle. Utilities include cable available, with public water and public sewer.
Built in 1926, this two-family is positioned close to schools and Hackensack University Medical Center, with convenient access to NYC transit nearby. Use ShowingTime with 24-hour notice.
Key Highlights
- Approximately 1,767 sq ft two‑family with separate gas utilities
- 1st floor with access to unfinished basement; 3rd floor walk‑up attic with 2 unfinished bonus rooms
- No driveway; on‑street parking only with private backyard
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
$29,573
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
4.58%
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%
$591,460
$591.5K
Cap Rate 7%
$422,471
$422.5K
Cap Rate 9%
$328,589
$328.6K
Market Conditions
NOI Build-Up for 1,767 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
$45.2K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$42.2K $23.91/SF
− OpEx
−$12.7K −$7.17/SF
NOI
$29.6K $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%
$591,460
Cap Rate 7%
$422,471
Cap Rate 9%
$328,589
Alternative Uses
Best Use
Multifamily LT 5
$422.5K
$369.7K – $492.9K
NOI $29,573 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$388.2K
$339.7K – $452.9K
NOI $27,173 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$461.4K
$403.7K – $538.3K
NOI $32,298 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 07601, NJ
46,030
Population
21,405
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
10,960
Density / Sq Mi
$82,212
Median Household Income
$50,265
Median Earnings
$1,794
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with separate gas utilities, private backyard, and on-street parking only.
Where is this duplex located?
The property is located at 278 High St Hackensack, NJ.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Approximately 1,767 sq ft two‑family with separate gas utilities; 1st floor with access to unfinished basement; 3rd floor walk‑up attic with 2 unfinished bonus rooms; No driveway; on‑street parking only with private backyard
