Furnished Two-Level
308 N 2nd St # 2, Harrison, NJ 07029
For Sale
New
Contact for pricing
Renovated residence with updated appliances and furnishings across a two-level layout.
Property Size700 SF
Price / SF$3.29
Days on Market3
Property Features for 308 N 2nd St # 2
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Furnished
Multifamily Units
Amenities
2
Public Water
25X97.75
0.06
Building Details
Year Built
Listing Agency:
EXP REALTY, LLC
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 7:59AM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
This furnished apartment contains 700 square feet with two bedrooms and one bathroom. Its two-level configuration is on the second floor of a duplex, and the interior was renovated in 2024 with updated appliances and contemporary finishes. Public water serves the property.
The residence is minutes from the PATH Station, downtown Harrison, Red Bull Arena, shopping, dining, parks, and major highways.
The residence is minutes from the PATH Station, downtown Harrison, Red Bull Arena, shopping, dining, parks, and major highways.
Key Highlights
- 700‑square‑foot apartment with 2 bedrooms and 1 bathroom
- Renovated in 2024 with updated appliances and furnishings
- Two‑level layout on the second floor of a duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,765
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,300
$215.3K
Cap Rate 7%
$153,786
$153.8K
Cap Rate 9%
$119,611
$119.6K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$21.0K $30.00/SF
− Vacancy
−$1.4K −$2.04/SF
EGI
$19.6K $27.96/SF
− OpEx
−$8.8K −$12.58/SF
NOI
$10.8K $15.38/SF
Area
Hudson County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,300
Cap Rate 7%
$153,786
Cap Rate 9%
$119,611
Alternative Uses
Best Use
Apartment 5plus
$153.8K
$134.6K – $179.4K
NOI $10,765 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$253.5K
$221.8K – $295.7K
NOI $17,743 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 07029, NJ
22,044
Population
10,485
Households
2.1
Avg Household Size
33
Median Age
47%
College-Educated
87%
High-School Grad
1.3 sq mi
ZIP Area
16,957
Density / Sq Mi
$80,495
Median Household Income
$52,097
Median Earnings
$2,036
Median Rent
$433,100
Median Home Value
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Market
Properties on Market for Residential income properties in Harrison
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated residence with updated appliances and furnishings across a two-level layout.
Where is this residential income property located?
The property is located at 308 N 2nd St # 2 Harrison, NJ.
What are key features of this property?
This property features: 700‑square‑foot apartment with 2 bedrooms and 1 bathroom; Renovated in 2024 with updated appliances and furnishings; Two‑level layout on the second floor of a duplex
