Four-Bedroom Duplex
New
For Sale
$1,478,000
455 Mallory Ave, Jersey City, NJ 07306
Two matching residences feature open living areas, upgraded kitchens, private laundry, and generous bedroom accommodations.
Property Size4,300 SF
Price / SF$343.72
Days on Market5
Property Features for 455 Mallory Ave
General Information
Standard status
Active
Size
4,300 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 4BR/2.5BA
Multifamily Units
2
Amenities
hardwood floors
recessed lighting
high vaulted ceilings
gourmet kitchens
quartz counters
breakfast bar
stainless steel appliances
in-unit washer/dryer
walk-in closet
ensuite bathroom
Building Details
Buildings
1
Listing Agency:
EXP REALTY LLC
(866) 201-6210
Listed By:
DEAN CLARK · License #0681077
(201) 240-8319
Source:
Exprealty
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 24 at 2:57PM
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
Investment Insights
Based on property information with market context.
Located at 455 Mallory Ave in Jersey City, this two-family property offers over 4300 SF arranged as two matching residences. Each unit includes four bedrooms, two full bathrooms, one half bathroom, an open living and dining area, vaulted ceilings, hardwood flooring, recessed lighting, and a primary suite with a walk-in closet and ensuite bath. Kitchens include quartz countertops, breakfast bars, extensive cabinetry, and stainless steel appliances. Each residence also has an in-unit Samsung washer and dryer.
An attached two-car garage is complemented by driveway parking for two additional vehicles, creating space for four vehicles. Lincoln Park, a 273-acre park with tennis courts, athletic fields, running trails, and nature paths, is less than 0.3 miles away. NJ Transit bus stops are 0.1 miles away on Communipaw Avenue, while the West Side Avenue Hudson-Bergen Light Rail station is 0.6 miles east. Journal Square PATH station is 1.8 miles away, and the Holland Tunnel is approximately 4 miles away.
An attached two-car garage is complemented by driveway parking for two additional vehicles, creating space for four vehicles. Lincoln Park, a 273-acre park with tennis courts, athletic fields, running trails, and nature paths, is less than 0.3 miles away. NJ Transit bus stops are 0.1 miles away on Communipaw Avenue, while the West Side Avenue Hudson-Bergen Light Rail station is 0.6 miles east. Journal Square PATH station is 1.8 miles away, and the Holland Tunnel is approximately 4 miles away.
Key Highlights
- Two‑family property with over 4300 SF
- Each unit includes four bedrooms, two full bathrooms, and one half bathroom
- Attached two‑car garage plus driveway parking for two additional vehicles
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
$97,589
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
6.60%
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%
$1,951,780
$2.0M
Cap Rate 7%
$1,394,129
$1.4M
Cap Rate 9%
$1,084,322
$1.1M
Market Conditions
NOI Build-Up for 4,300 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
$147.1K $34.20/SF
− Vacancy
−$7.6K −$1.78/SF
EGI
$139.4K $32.42/SF
− OpEx
−$41.8K −$9.73/SF
NOI
$97.6K $22.70/SF
Area
Jersey City, NJ
Vacancy
5.20%
Lease Rate
$34.20 /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%
$1,951,780
Cap Rate 7%
$1,394,129
Cap Rate 9%
$1,084,322
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.63M
NOI $97,589 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,538 @ 7.0% cap · market cap 5.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,518
Businesses Nearby
Explore this area
Business Placement
Demographics for 07306, NJ
55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences feature open living areas, upgraded kitchens, private laundry, and generous bedroom accommodations.
Where is this duplex located?
The property is located at 455 Mallory Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,478,000.
What are key features of this property?
This property features: Two‑family property with over 4300 SF; Each unit includes four bedrooms, two full bathrooms, and one half bathroom; Attached two‑car garage plus driveway parking for two additional vehicles
