Renovated Two-Family Duplex
For Sale
$1,420,000
302 4TH ST JC, Jersey City, NJ 07302
Updated owner’s duplex paired with a separate apartment and private backyard in downtown Jersey City.
Property Size2,400 SF
Price / SF$591.67
Days on Market12
Property Features for 302 4TH ST JC
General Information
Standard status
Active
Size
2,400 SF
Property subtype
2 Family
Additional Details
Public Transit
Yes
Listing Agency:
COMPASS
Listed By:
STEVEN SCHULMAN
(201) 683-0955
Source:
Propertiesbysouthern
Added: Sep 2
Changed: Sep 12
Last Checked: Sep 12 at 5:48AM
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 COMPASS
Investment Insights
Based on property information with market context.
Renovated two-family property with approximately 2,400 square feet arranged across an owner’s duplex and a separate apartment. The main residence offers two floors, an open-concept layout, hardwood flooring, a modern kitchen with custom cabinetry, quartz countertops, stainless steel appliances, and a backsplash. Its dining area leads to a den or office and connects with the private backyard.
The second residence is a one-bedroom, one-bathroom apartment, creating a distinct configuration for household use, extended-family accommodation, or rental occupancy. The property is located in downtown Jersey City, close to Hamilton Park, the Grove Street PATH station, cafes, restaurants, nightlife, and local shops.
The second residence is a one-bedroom, one-bathroom apartment, creating a distinct configuration for household use, extended-family accommodation, or rental occupancy. The property is located in downtown Jersey City, close to Hamilton Park, the Grove Street PATH station, cafes, restaurants, nightlife, and local shops.
Key Highlights
- Renovated two‑family property with approximately 2,400 square feet
- Owner’s duplex includes 3 bedrooms and 3 bathrooms overall
- Separate 1‑bedroom, 1‑bathroom apartment
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
$54,468
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
3.84%
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%
$1,089,360
$1.1M
Cap Rate 7%
$778,114
$778.1K
Cap Rate 9%
$605,200
$605.2K
Market Conditions
NOI Build-Up for 2,400 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
$82.1K $34.20/SF
− Vacancy
−$4.3K −$1.78/SF
EGI
$77.8K $32.42/SF
− OpEx
−$23.3K −$9.73/SF
NOI
$54.5K $22.70/SF
Area
Jersey City, NJ
Vacancy
5.20%
Lease Rate
$34.20 /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%
$1,089,360
Cap Rate 7%
$778,114
Cap Rate 9%
$605,200
Alternative Uses
Best Use
Multifamily LT 5
$778.1K
$680.9K – $907.8K
NOI $54,468 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$698.0K
$610.7K – $814.3K
NOI $48,858 @ 7.0% cap · market cap 3.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 07302, NJ
57,033
Population
30,163
Households
1.9
Avg Household Size
34
Median Age
80%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
40,738
Density / Sq Mi
$166,854
Median Household Income
$117,189
Median Earnings
$2,960
Median Rent
$853,700
Median Home Value
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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 - Updated owner’s duplex paired with a separate apartment and private backyard in downtown Jersey City.
Where is this duplex located?
The property is located at 302 4TH ST JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: Renovated two‑family property with approximately 2,400 square feet; Owner’s duplex includes 3 bedrooms and 3 bathrooms overall; Separate 1‑bedroom, 1‑bathroom apartment
