Renovated Triplex with Private
For Sale
$1,100,000
633 Lafayette Ave, Hawthorne, NJ 07506
Multi-Family, 3-Three Story, Hawthorne Boro, NJ
Property Size3,344 SF
Lot Size0.05 Acres
Price / SF$328.95
Days on Market166
Property Features for 633 Lafayette Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-1
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 2
Parking
2
Security features
Security System
Patio and Porch features
Porch, Deck
Interior features
Carbon Monoxide Detector, Fire Alarm Sys, High Ceilings, Security System, Smoke Detector, Stone Floors, Tile Floors, Wood Floors
Exterior features
Deck, Open Porch(es), Sidewalk, Thermal Windows/Doors
Lot features
Level Lot
Elementary school
ROOSEVELT
Middle school
LINCOLN
High school
HAWTHORNE
Directions
Utter Ave to Lafayette- Reaave to Lafayette Use GPS
Standard status
Active
Size
3,344 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11048
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Ductless
Water source
Public
Amenities
exterior security cameras
front porch
balcony
rear courtyard
laundry area
mini-split air conditioning
tankless hot water heater
Building Details
Year built
1913
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS VILLAGE SQUARE · Keller Williams Realty
(201) 445-4300
Listed By:
SUZANNE COOPER · License #288850
(201) 445-4300
Added: Mar 17
Changed: Aug 19
Last Checked: Aug 29 at 7:06AM
MLS# 4015100
Copyright © 2026 Garden State MLS, LLC. 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 turnkey triplex is fully renovated as a three-family residence with one apartment per floor. The building has each unit with its own electrical meter, new energy-efficient windows, upgraded insulation, tiled entrances, and revised rear entrance/exit. Interior common areas include recessed lighting, decorative wainscoting, and craftsman-style interior doors, plus a mix of stone, tile, and wood flooring. Exterior features include a Cambridge paving stone front yard and rear courtyard, a front porch, a second-floor balcony, deck space, and exterior security cameras.
Each unit is supported by efficient baseboard heat with heat pump operation, ductless (mini-split) A/C, a tankless hot water heater, and ceiling fans. Kitchens include new shaker cabinetry and stainless steel appliances, including a dishwasher. Each unit also has its own laundry area with washer/dryer. The property includes two parking spaces, public water, and public sewer, with a shingle roof.
Built in 1913, the renovations are described as complete for the 2025–2026 period. The property is zoned B-1.
Each unit is supported by efficient baseboard heat with heat pump operation, ductless (mini-split) A/C, a tankless hot water heater, and ceiling fans. Kitchens include new shaker cabinetry and stainless steel appliances, including a dishwasher. Each unit also has its own laundry area with washer/dryer. The property includes two parking spaces, public water, and public sewer, with a shingle roof.
Built in 1913, the renovations are described as complete for the 2025–2026 period. The property is zoned B-1.
Key Highlights
- Three‑family triplex with one apartment per floor and individual electrical meters
- Renovations scheduled for 2025‑2026 plus new energy‑efficient windows and upgraded insulation
- Heat pump heating with ductless (mini‑split) A/C and tankless hot water heater in each unit
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
$55,966
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
5.09%
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%
$1,119,320
$1.1M
Cap Rate 7%
$799,514
$799.5K
Cap Rate 9%
$621,844
$621.8K
Market Conditions
NOI Build-Up for 3,344 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
$85.5K $25.56/SF
− Vacancy
−$5.5K −$1.65/SF
EGI
$80.0K $23.91/SF
− OpEx
−$24.0K −$7.17/SF
NOI
$56.0K $16.74/SF
Area
Passaic 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 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%
$1,119,320
Cap Rate 7%
$799,514
Cap Rate 9%
$621,844
Alternative Uses
Best Use
Multifamily LT 5
$799.5K
$699.6K – $932.8K
NOI $55,966 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$734.6K
$642.8K – $857.1K
NOI $51,424 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$873.2K
$764.0K – $1.02M
NOI $61,123 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 07506, NJ
19,637
Population
8,033
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
5,951
Density / Sq Mi
$118,093
Median Household Income
$62,495
Median Earnings
$1,828
Median Rent
$499,200
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?
Triplex - Turnkey three-family triplex with individual utilities, updated windows, mini-split A/C, and tankless hot water under B-1 zoning.
Where is this triplex located?
The property is located at 633 Lafayette Ave Hawthorne, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three‑family triplex with one apartment per floor and individual electrical meters; Renovations scheduled for 2025‑2026 plus new energy‑efficient windows and upgraded insulation; Heat pump heating with ductless (mini‑split) A/C and tankless hot water heater in each unit
