2-Unit Multifamily Home with
For Sale
Contact for pricing
69 Hopkins Avenue, Jersey City, NJ 07306
Multifamily property with upgraded interiors, finished lower-level space, and substantial private parking.
Property Size3,268 SF
Price / SF$366.89
Days on Market106
Property Features for 69 Hopkins Avenue
General Information
Standard status
Active
Size
3,268 SF
Property subtype
Multifamily
Building Details
Year Built
1965
Units
5
Listing Agency:
eRealty Advisors Inc
Listed By:
Dharminder Singh · License #NJ and 1863110
Source:
Crexi
Added: May 21
Changed: Sep 1
Last Checked: Sep 1 at 7:50PM
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 eRealty Advisors Inc
Investment Insights
Based on property information with market context.
This 3,268-square-foot multifamily property, built in 1965, includes two residential units plus a finished ground-level area that can serve as recreation, storage, or additional living space. The first unit contains 2 bedrooms and 2 full bathrooms. The second offers 3 bedrooms and 1.5 bathrooms, along with quartz kitchen countertops, newer GE appliances, hardwood floors, and other contemporary updates.
Parking is a notable component of the property, with an oversized garage for 2 vehicles and a driveway accommodating 3 additional cars. An EV charger hookup is also included. The property is a 15-minute walk from Journal Square PATH, with access to dining and shopping along Central Avenue and Palisade Avenue. Downtown Jersey City, Hoboken, area parks and schools, and the Holland Tunnel are also nearby.
Parking is a notable component of the property, with an oversized garage for 2 vehicles and a driveway accommodating 3 additional cars. An EV charger hookup is also included. The property is a 15-minute walk from Journal Square PATH, with access to dining and shopping along Central Avenue and Palisade Avenue. Downtown Jersey City, Hoboken, area parks and schools, and the Holland Tunnel are also nearby.
Key Highlights
- 3,268 SF multifamily property built in 1965
- Two units: 2 bedrooms/2 full bathrooms and 3 bedrooms/1.5 bathrooms
- Finished ground level for recreation, storage, or extended living
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
$74,168
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
6.19%
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%
$1,483,360
$1.5M
Cap Rate 7%
$1,059,543
$1.1M
Cap Rate 9%
$824,089
$824.1K
Market Conditions
NOI Build-Up for 3,268 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
$111.8K $34.20/SF
− Vacancy
−$5.8K −$1.78/SF
EGI
$106.0K $32.42/SF
− OpEx
−$31.8K −$9.73/SF
NOI
$74.2K $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%
$1,483,360
Cap Rate 7%
$1,059,543
Cap Rate 9%
$824,089
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$927.1K – $1.24M
NOI $74,168 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$950.4K
$831.6K – $1.11M
NOI $66,529 @ 7.0% cap · market cap 5.55%
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
4,508
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property with upgraded interiors, finished lower-level space, and substantial private parking.
Where is this duplex located?
The property is located at 69 Hopkins Avenue Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 3,268 SF multifamily property built in 1965; Two units: 2 bedrooms/2 full bathrooms and 3 bedrooms/1.5 bathrooms; Finished ground level for recreation, storage, or extended living
