Duplex with Separate
For Sale
$675,000
322 Hickory St, Kearny, NJ 07032
Each residence has a dedicated laundry room, and the property will be delivered vacant.
Property Size2,560 SF
Price / SF$263.67
Days on Market97
Property Features for 322 Hickory St
General Information
Standard status
Active
Size
2,560 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Units
Unit Mix
1 x 2BR, 1 x 2BR+den
Multifamily Units
2
Amenities
dedicated laundry room
Carpeting
Wood Floors
Enclosed Porch(es)
Metal Fence
Building Details
Building Size
2,560 SF
Year Built
1900
Units
2
Listing Agency:
Ubiquity Real Estate Group
(201) 870-4538
Listed By:
Kristie Bochman
(201) 830-4538
Source:
Culturaunitedrealty
Added: Jul 20
Changed: Oct 23
Last Checked: Oct 23 at 5:17PM
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 Ubiquity Real Estate Group
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Investment Insights
Based on property information with market context.
This 2,560-square-foot duplex, built in 1900, contains two residences. The first-floor unit has two bedrooms; the upper unit includes two bedrooms and a den. Each residence has its own laundry room, and hardwood flooring remains beneath carpeting in much of the home.
Separate utilities, updated electrical, newer mechanical systems, and a roof less than 10 years old are among the property's documented features. Delivery is vacant, leaving the next owner flexibility to occupy or prepare the units for rental.
Separate utilities, updated electrical, newer mechanical systems, and a roof less than 10 years old are among the property's documented features. Delivery is vacant, leaving the next owner flexibility to occupy or prepare the units for rental.
Key Highlights
- 2,560‑square‑foot duplex built in 1900
- First‑floor unit has 2 bedrooms; upper unit has 2 bedrooms plus a den
- Dedicated laundry room in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,845
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,900
$856.9K
Cap Rate 7%
$612,071
$612.1K
Cap Rate 9%
$476,056
$476.1K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$65.4K $25.56/SF
− Vacancy
−$4.2K −$1.65/SF
EGI
$61.2K $23.91/SF
− OpEx
−$18.4K −$7.17/SF
NOI
$42.8K $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 Rate 5%
$856,900
Cap Rate 7%
$612,071
Cap Rate 9%
$476,056
Alternative Uses
Best Use
Multifamily LT 5
$612.1K
$535.6K – $714.1K
NOI $42,845 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$562.4K
$492.1K – $656.1K
NOI $39,368 @ 7.0% cap · market cap 5.83%
Theoretical Best
Warehouse
$927.0K
$811.1K – $1.08M
NOI $64,890 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
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Business Placement
Demographics for 07032, NJ
41,999
Population
15,340
Households
2.7
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
4,773
Density / Sq Mi
$83,212
Median Household Income
$45,251
Median Earnings
$1,649
Median Rent
$431,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a dedicated laundry room, and the property will be delivered vacant.
Where is this duplex located?
The property is located at 322 Hickory St Kearny, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,560‑square‑foot duplex built in 1900; First‑floor unit has 2 bedrooms; upper unit has 2 bedrooms plus a den; Dedicated laundry room in each residence
