Detached Duplex with
For Sale
$899,000
63 Williams Avenue, Jersey City, NJ 07304
Two residential units include flexible layouts, separate utilities, dedicated laundry, and private outdoor space.
Property Size1,640 SF
Price / SF$548.17
Days on Market114
Property Features for 63 Williams Avenue
General Information
Standard status
Active
Size
1,640 SF
Property subtype
MULTI-FAMILY / Duplex
Taxes and HOA fees
Annual Taxes
$5,996
Amenities
Baseboard
6 Ft. or More Head Room, Finished, Full, Heated, Inside Entrance, Plumbing
Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
Den/TV Room, Dining Room, Eat In Kitchen, Kitchen, Laundry/Utility Rm, Living Room, Recreation/Family, Workshop
Ceiling Fan(s), Window Units
Blacktop
Aluminum, Brick, Brick Face, Vinyl
Fenced Yard, Patio, Porch, Shed, Sidewalks
Building Details
Year Built
1900
Units
2
Listing Agency:
PLATINUM REAL ESTATE
Listed By:
Ireany O'Donnell · License #2078445
(609) 457-3578
Source:
Compass
Added: May 12
Changed: Sep 2
Last Checked: Aug 31 at 10:16PM
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
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 = 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
$37,220
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
4.14%
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%
$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
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
$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 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%
$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 4.14%
Second Best
Apartment 5plus
$476.9K
$417.3K – $556.4K
NOI $33,386 @ 7.0% cap · market cap 3.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 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 Avenue Jersey City, NJ.
What is the asking price?
The asking price for this property is $899,000.
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
