Two-Family Duplex with Finished
For Sale
$799,900
327 North Ave E, Cranford, NJ 07016
Separate meters and off-street parking complement the property's multi-level residential layout.
Property Size1,916 SF
Price / SF$417.48
Days on Market47
Property Features for 327 North Ave E
General Information
Standard status
Active
Size
1,916 SF
Property subtype
Multi Family
Zoning
Mixed-use/commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,655
Building Details
Building Size
1,916 SF
Year Built
1910
Listing Agency:
EXP REALTY, LLC
Listed By:
KUNAL DOSHI · License #1325289
(866) 201-6210
Source:
Thedoughertygrouprealestate
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 1:46AM
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 two-family duplex contains 12 rooms, four bedrooms, three full bathrooms, and 1,916 square feet across four finished levels. The first-floor residence includes two bedrooms, living and dining areas, a kitchen, and a sun porch, with access to a finished basement. The upper residence occupies the second floor and finished attic and has its own washer and dryer. Built in 1910, the property has a roof approximately two years old, newer second-floor windows except for the long windows, and a new fire escape. Newer appliances in the upper unit include a dishwasher, refrigerator, washer, and dryer.
The basement has separate meters and additional finished space. The property offers off-street parking at the rear and access to a paper road leading toward Elizabeth Ave. Mixed-use/commercial zoning may allow flexibility, subject to municipal approvals. Public transportation, shopping, local businesses, and the Garden State Parkway are nearby.
The basement has separate meters and additional finished space. The property offers off-street parking at the rear and access to a paper road leading toward Elizabeth Ave. Mixed-use/commercial zoning may allow flexibility, subject to municipal approvals. Public transportation, shopping, local businesses, and the Garden State Parkway are nearby.
Key Highlights
- Two‑family property with 12 rooms, 4 bedrooms, and 3 full baths
- 1,916 square feet across four finished levels
- Finished basement with separate meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,067
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,340
$641.3K
Cap Rate 7%
$458,100
$458.1K
Cap Rate 9%
$356,300
$356.3K
Market Conditions
NOI Build-Up for 1,916 SF
Gross rent
$49.0K $25.56/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$45.8K $23.91/SF
− OpEx
−$13.7K −$7.17/SF
NOI
$32.1K $16.74/SF
Area
Union 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%
$641,340
Cap Rate 7%
$458,100
Cap Rate 9%
$356,300
Alternative Uses
Best Use
Multifamily LT 5
$458.1K
$400.8K – $534.5K
NOI $32,067 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$420.9K
$368.3K – $491.1K
NOI $29,464 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$500.3K
$437.8K – $583.7K
NOI $35,021 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 07016, NJ
23,827
Population
9,619
Households
2.5
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
4.7 sq mi
ZIP Area
5,070
Density / Sq Mi
$148,629
Median Household Income
$84,980
Median Earnings
$2,116
Median Rent
$635,800
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 - Separate meters and off-street parking complement the property's multi-level residential layout.
Where is this duplex located?
The property is located at 327 North Ave E Cranford, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑family property with 12 rooms, 4 bedrooms, and 3 full baths; 1,916 square feet across four finished levels; Finished basement with separate meters
