Two-Unit Duplex with Separate
For Sale
$574,000
30 Willard Street, Pompton Lakes, NJ 07442
Side-by-side apartments offer formal living and dining rooms, full kitchens, unfinished basements, and access to separate outdoor areas.
Property Size1,000 SF
Price / SF$574
Days on Market167
Property Features for 30 Willard Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Multi Family / Duplex-Side by Side
Taxes and HOA fees
Annual Taxes
$10,096
Amenities
Yes
Asphalt Shingle
Wood Floors
Full, Unfinished
Enclosed Porch(es), Storm Door(s), Thermal Windows/Doors
See Remarks
Building Details
Year Built
1930
Listing Agency:
HOWARD HANNA RAND REALTY
(973) 694-6500
Listed By:
GERI PALERMO · License #235763
(973) 694-6500
Source:
Compass
Added: Mar 18
Changed: Aug 30
Last Checked: Aug 30 at 4:45PM
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 HOWARD HANNA RAND REALTY
Investment Insights
Based on property information with market context.
Built in 1930, this side-by-side duplex contains two apartments with matching layouts. Each unit has two upstairs bedrooms, a full bathroom, a formal living room, a formal dining room, and a full kitchen with a door leading to the side yard. Separate utilities serve each residence, and each side includes its own unfinished basement.
The property also provides separate driveways and a large backyard. Wood floors, asphalt shingle roofing, thermal windows and doors, storm doors, and enclosed porches are among the existing features. The home is well maintained but requires updating. Shopping, restaurants, and public transportation are within walking distance.
The property also provides separate driveways and a large backyard. Wood floors, asphalt shingle roofing, thermal windows and doors, storm doors, and enclosed porches are among the existing features. The home is well maintained but requires updating. Shopping, restaurants, and public transportation are within walking distance.
Key Highlights
- Two side‑by‑side apartments, each with 2 bedrooms and 1 full bathroom
- Separate utilities for each unit
- Formal living and dining rooms in both apartments
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
$16,736
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
2.92%
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%
$334,720
$334.7K
Cap Rate 7%
$239,086
$239.1K
Cap Rate 9%
$185,956
$186.0K
Market Conditions
NOI Build-Up for 1,000 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
$25.6K $25.56/SF
− Vacancy
−$1.7K −$1.65/SF
EGI
$23.9K $23.91/SF
− OpEx
−$7.2K −$7.17/SF
NOI
$16.7K $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%
$334,720
Cap Rate 7%
$239,086
Cap Rate 9%
$185,956
Alternative Uses
Best Use
Multifamily LT 5
$239.1K
$209.2K – $278.9K
NOI $16,736 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$219.7K
$192.2K – $256.3K
NOI $15,378 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 3.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Explore this area
Business Placement
Demographics for 07442, NJ
11,101
Population
4,235
Households
2.6
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
2.9 sq mi
ZIP Area
3,828
Density / Sq Mi
$119,038
Median Household Income
$71,355
Median Earnings
$1,822
Median Rent
$411,100
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 - Side-by-side apartments offer formal living and dining rooms, full kitchens, unfinished basements, and access to separate outdoor areas.
Where is this duplex located?
The property is located at 30 Willard Street Pompton Lakes, NJ.
What is the asking price?
The asking price for this property is $574,000.
What are key features of this property?
This property features: Two side‑by‑side apartments, each with 2 bedrooms and 1 full bathroom; Separate utilities for each unit; Formal living and dining rooms in both apartments
