Two-Family
45 E 31ST Street, Bayonne, NJ 07002
For Sale
New
$799,000
Multi-Family, BAYONNE, NJ
Property Size2,496 SF
Lot Size0.09 Acres
Price / SF$320.11
Days on Market2
Property Features for 45 E 31ST Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Nicole Gendin · License NJ #1536358
(856) 912-6474
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# NJHD2000482
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,496-square-foot duplex contains two residential units, each with potential for a three-bedroom layout. Built in 1957, the Colonial-style property has aluminum siding and brick construction, window-unit cooling, and a basement. Parking is provided by a detached garage and driveway.
The property sits on a 0.0893-acre lot in Bayonne, New Jersey. Public transportation, shopping, restaurants, schools, and major commuter routes are within walking distance, with access to New York City and nearby areas noted as convenient.
The property sits on a 0.0893-acre lot in Bayonne, New Jersey. Public transportation, shopping, restaurants, schools, and major commuter routes are within walking distance, with access to New York City and nearby areas noted as convenient.
Key Highlights
- Two‑unit duplex with potential for three bedrooms in each unit
- 2,496 square feet on a 0.0893‑acre lot
- Detached garage and driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,773
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,460
$835.5K
Cap Rate 7%
$596,757
$596.8K
Cap Rate 9%
$464,144
$464.1K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$63.8K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$59.7K $23.91/SF
− OpEx
−$17.9K −$7.17/SF
NOI
$41.8K $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%
$835,460
Cap Rate 7%
$596,757
Cap Rate 9%
$464,144
Alternative Uses
Best Use
Multifamily LT 5
$596.8K
$522.2K – $696.2K
NOI $41,773 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$548.3K
$479.8K – $639.7K
NOI $38,383 @ 7.0% cap · market cap 4.80%
Theoretical Best
Warehouse
$903.8K
$790.9K – $1.05M
NOI $63,268 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 07002, NJ
71,686
Population
30,161
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
12,360
Density / Sq Mi
$81,285
Median Household Income
$51,157
Median Earnings
$1,593
Median Rent
$446,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Bayonne
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer the possibility of three bedrooms per unit, with detached garage and driveway parking.
Where is this duplex located?
The property is located at 45 E 31ST Street Bayonne, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex with potential for three bedrooms in each unit; 2,496 square feet on a 0.0893‑acre lot; Detached garage and driveway parking
