Two-Unit Multifamily
New
For Sale
$549,000
311 WARREN ST, Harrison, NJ 07029
2 Family, Multi-Level, Harrison, NJ
Property Size1,499 SF
Price / SF$366.24
Days on Market1
Property Features for 311 WARREN ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2
Directions
Warren Street and Sussex Street
Subdivision
Harrison
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9302
Amenities
window A/C units
baseboard heating
off-street parking
partially finished basement
Building Details
Architectural style
Other
Listing Agency:
EXP REALTY LLC
(866) 201-6210
Listed By:
ABANOUB HABIB · License #2327471
(866) 201-6210
Added: Sep 1
Last Checked: Sep 1 at 1:06PM
MLS# 260017414
Copyright © 2026 Realty MLS, Inc. 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.
This duplex contains approximately 1,499 square feet of living space arranged across two residential units. Each unit provides two bedrooms and one full bathroom, creating a consistent layout for both occupants. Window A/C units and baseboard heating serve the apartments.
The property also includes off-street parking and a partially finished basement. Basement space can support storage, recreation, or other uses. Located in Harrison, the home is near transportation, shopping, dining, and other area amenities.
The property also includes off-street parking and a partially finished basement. Basement space can support storage, recreation, or other uses. Located in Harrison, the home is near transportation, shopping, dining, and other area amenities.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 full bathroom
- Approximately 1,499 square feet of living space
- Window A/C units and baseboard heating in both units
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
$25,088
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
4.57%
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%
$501,760
$501.8K
Cap Rate 7%
$358,400
$358.4K
Cap Rate 9%
$278,756
$278.8K
Market Conditions
NOI Build-Up for 1,499 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
$38.3K $25.56/SF
− Vacancy
−$2.5K −$1.65/SF
EGI
$35.8K $23.91/SF
− OpEx
−$10.8K −$7.17/SF
NOI
$25.1K $16.74/SF
Area
Hudson 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%
$501,760
Cap Rate 7%
$358,400
Cap Rate 9%
$278,756
Alternative Uses
Best Use
Multifamily LT 5
$358.4K
$313.6K – $418.1K
NOI $25,088 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$329.3K
$288.2K – $384.2K
NOI $23,052 @ 7.0% cap · market cap 4.20%
Theoretical Best
Warehouse
$542.8K
$475.0K – $633.3K
NOI $37,996 @ 7.0% cap · market cap 6.92%
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
2,493
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
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 - Two residential units offer matching two-bedroom, one-bathroom layouts with separate heating and cooling equipment.
Where is this duplex located?
The property is located at 311 WARREN ST Harrison, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bathroom; Approximately 1,499 square feet of living space; Window A/C units and baseboard heating in both units
