Contemporary
New
For Sale
$1,478,000
455 MALLORY AVE, Jersey City, NJ 07306
2 Family, Contemporary, Jersey City, NJ
Property Size4,300 SF
Price / SF$343.72
Days on Market5
Property Features for 455 MALLORY AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 5, Bedroom 3, Bedroom 2, Bathroom 6, Bedroom 7, Bedroom 8, Bathroom 2, Bedroom 1
Directions
Mallory and Plainfield Ave
Subdivision
JC, Journal Square
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
22983
Amenities
in-unit washer/dryer
Building Details
Architectural style
Contemporary
Listing Agency:
EXP REALTY LLC
(866) 201-6210
Listed By:
DEAN CLARK · License #0681077
(201) 798-3300
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 25 at 5:06AM
MLS# 260019073
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 contemporary duplex spans over 4,300 square feet and contains two matching residences. Each unit includes four bedrooms, two full bathrooms, and one half bathroom, along with open living and dining areas, vaulted ceilings, hardwood flooring, recessed lighting, and a primary suite with a walk-in closet and private bathroom. Kitchens feature quartz countertops, breakfast bars, abundant cabinetry, stainless steel appliances, and gas cooking. Each residence also has its own Samsung washer and dryer.
An attached two-car garage and driveway parking for two additional vehicles provide four total parking spaces. The property is less than 0.3 miles from the 273-acre Lincoln Park, with tennis courts, athletic fields, running trails, and nature paths nearby. NJ Transit bus service is 0.1 miles away, the West Side Avenue Hudson-Bergen Light Rail station is 0.6 miles away, and Journal Square PATH is 1.8 miles from the property. The Holland Tunnel is approximately 4 miles away.
An attached two-car garage and driveway parking for two additional vehicles provide four total parking spaces. The property is less than 0.3 miles from the 273-acre Lincoln Park, with tennis courts, athletic fields, running trails, and nature paths nearby. NJ Transit bus service is 0.1 miles away, the West Side Avenue Hudson-Bergen Light Rail station is 0.6 miles away, and Journal Square PATH is 1.8 miles from the property. The Holland Tunnel is approximately 4 miles away.
Key Highlights
- Two matching units, each with 4 bedrooms, 2 full bathrooms, and 1 half bathroom
- Over 4,300 sf of total living area
- Attached two‑car garage plus driveway parking for two 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
View Realmo Analytics
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 matching residences offer open living areas, upgraded kitchens, in-unit laundry, and private bedroom suites.
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 matching units, each with 4 bedrooms, 2 full bathrooms, and 1 half bathroom; Over 4,300 sf of total living area; Attached two‑car garage plus driveway parking for two vehicles
