Detached Duplex with
For Sale
$895,000
63 Williams Ave, Jersey City, NJ 07304
Two residential units include flexible layouts, separate utilities, dedicated laundry, and private outdoor space.
Property Size1,640 SF
Price / SF$545.73
Days on Market158
Property Features for 63 Williams Ave
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
PLATINUM REAL ESTATE
Listed By:
Ireany O'Donnell · License #2078445
(609) 457-3578
Source:
Southjerseyshorehomesfinder
Added: May 12
Changed: Oct 6
Last Checked: Oct 7 at 1:00PM
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 PLATINUM REAL ESTATE
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Investment Insights
Based on property information with market context.
This detached duplex in Jersey City contains 1,640 square feet across two residential units. The upper residence is arranged as one bedroom plus an office, with the flexibility to restore a second bedroom. The lower unit features original hardwood flooring, while a finished, heated lower level provides additional space with interior access and plumbing. Separate utilities serve the two units, and the property includes a dedicated laundry area with a sink, washer, and dryer. A newer roof, newer rear siding, and newer hot water heater add to the existing improvements. Built in 1900, the property also offers a one-car garage and two off-street parking spaces.
Outdoor features include a front porch, fenced backyard, pavers, landscaping, patio, and shed. The address is in Jersey City’s West Side, near Lincoln Park, NJCU, Saint Peter’s University, shopping, dining, public transportation, and connections to New York City.
Outdoor features include a front porch, fenced backyard, pavers, landscaping, patio, and shed. The address is in Jersey City’s West Side, near Lincoln Park, NJCU, Saint Peter’s University, shopping, dining, public transportation, and connections to New York City.
Key Highlights
- Detached two‑family property with 1,640 square feet
- Two units with separate utilities and flexible layouts
- Upper unit configured as 1 bedroom plus office, with potential to restore 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,220
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,400
$744.4K
Cap Rate 7%
$531,714
$531.7K
Cap Rate 9%
$413,556
$413.6K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$56.1K $34.20/SF
− Vacancy
−$2.9K −$1.78/SF
EGI
$53.2K $32.42/SF
− OpEx
−$16.0K −$9.73/SF
NOI
$37.2K $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 Rate 5%
$744,400
Cap Rate 7%
$531,714
Cap Rate 9%
$413,556
Alternative Uses
Best Use
Multifamily LT 5
$531.7K
$465.3K – $620.3K
NOI $37,220 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$476.9K
$417.3K – $556.4K
NOI $33,386 @ 7.0% cap · market cap 3.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,782
Businesses Nearby
Explore this area
Business Placement
Demographics for 07304, NJ
48,681
Population
21,211
Households
2.3
Avg Household Size
35
Median Age
40%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
23,181
Density / Sq Mi
$68,432
Median Household Income
$47,673
Median Earnings
$1,572
Median Rent
$489,400
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 - Two residential units include flexible layouts, separate utilities, dedicated laundry, and private outdoor space.
Where is this duplex located?
The property is located at 63 Williams Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Detached two‑family property with 1,640 square feet; Two units with separate utilities and flexible layouts; Upper unit configured as 1 bedroom plus office, with potential to restore 2 bedrooms
