Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    659 Kennedy Blvd Bayonne, NJ 7002

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $549,999

    Two-family home with two-bedroom units and backyard.

    Type:Multi Family
    Added:
    Apr 15, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 13 at 6:11 am

    Property Features for 659 Kennedy Blvd

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    CARLA COLUCCI
    CARLA COLUCCI

    Listing agent CARLA COLUCCI License #1866972

    Listing office RE/MAX Revolution

    Listing date Apr 15, 2026

    Source Elliman

    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 RE/MAX Revolution

    Overview

    Centrally Located Legal Two-Family Home

    This legal two-family home, centrally located, is available for sale for the first time in many years. Both units feature 2 bedrooms and 1 full bathroom, with access to a two-tier back deck leading to a sizable backyard. The full basement offers storage space. The property is located in a premier commuting location with easy access to the Hudson-Bergen Light Rail and major highways. The area offers scenic waterparks. The walk score is 83, indicating it is very walkable, the transit score is 62, indicating good transit, and the bike score is 49, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.121301
    Latitude
    40.668161

    Nearby Similar for Sale

    • $1,500,000
      5,235 SF

      Mixed-Use Property in Growing Neighborhood

      Solid brick mixed-use property with residential and commercial income.
      383 Avenue C, Bayonne City, NJ 07002-5159
      View Details
    • $769,999

      Well-Maintained Two-Family Home

      Two-family property in Bayonne with versatile layout and convenient location.
      2 OBRIEN CT, Bayonne, NJ 07002
      View Details
    • $929,000

      Bayonne Two-Family Colonial Home

      Well-maintained two-family home with finished basement and oversized backyard.
      666 KENNEDY BLVD, Bayonne, NJ 07002
      View Details
    • $550,000

      Two-Family Home in Bayonne, NJ

      Two-family home in Bayonne with comfortable living spaces.
      313 AVENUE B, Bayonne, NJ 07002
      View Details
    • $889,000

      Colonial Two-Family Home in Bayonne

      Well-maintained two-family home with income potential in Bayonne, NJ.
      92 WEST 54TH ST, Bayonne, NJ 07002
      View Details
    • $1,950,000
      12,750 SF

      Bayonne City Commercial Opportunity

      Commercial property near transportation with redevelopment potential in Bayonne City.
      757 Avenue C, Bayonne City, NJ 07002-2845
      View Details
    • $529,000

      Two-Family Residence in Bayonne, NJ

      Well-maintained two-family residence with modern amenities and convenient location.
      91 WEST 43RD ST, Bayonne, NJ 07002
      View Details
    • $800,000

      Updated Two-Family Home, Bayonne

      Renovated 2-family home with income potential near transportation.
      230 Avenue A, Bayonne, NJ 07002
      View Details
    • $549,999
      1,900 SF

      Two-Family Home in Bayonne, NJ

      Centrally located two-family home with two-tier deck and sizable backyard.
      659 Kennedy Boulevard, Bayonne, NJ 07002
      View Details
    • $699,000

      Bayonne Mixed-Use Investment Opportunity

      Mixed-use property with retail space and residential unit in Bayonne.
      689 KENNEDY BLVD, Bayonne, NJ 07002
      View Details
    • $500,000
      9,999 SF

      Bayonne City Condo Office Space

      2,000 SF condo with exam rooms and offices.
      534 Avenue, Bayonne City, NJ 07002
      View Details
    • $660,000

      Renovated Multi-Family in Bayonne

      Renovated multi-family property near light rail in Bayonne City.
      13 W 16Th St, Bayonne City, NJ 07002-3601
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home with two-bedroom units and backyard.
    Where is this duplex located?
    The property is located at 659 Kennedy Blvd Bayonne, NJ.
    What is the asking price?
    The asking price for this property is $549,999.
    What are key features of this property?
    This property features: Legal Two‑Family Home: Rare opportunity to own a centrally located legal two‑family property.; Premier Commuting Location: Easy access to the Hudson‑Bergen Light Rail and major highways.; Two Units with 2 Bedrooms & 1 Bathroom: Each unit features a comfortable layout.
    (201) 724-6789
    We can help!
    Listing Contact
    CARLA COLUCCI
    CARLA COLUCCI
    Real Estate License ID: 1866972
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!