Two-Family Home with Private
For Sale
$1,199,000
714 17TH ST, Union City, NJ 07087
MULTI_FAMILY - Union City, NJ
Property Size2,756 SF
Price / SF$435.05
Days on Market115
Property Features for 714 17TH ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Basement, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 5
Directions
Summit Ave & 17th St
Subdivision
Union City
Standard status
Active
Taxes and HOA fees
Tax Year
2023
Amenities
central A/C
private elevator
Jacuzzi
private backyard
private balconies
pocket sliding doors
pantry closet
Listing Agency:
ACCESS HOMES REALTY
(201) 766-2565
Listed By:
MARIA CARMONA VIDAL · License #2322540
(201) 766-2565
Added: Apr 17
Changed: Aug 1
Last Checked: Aug 9 at 11:06AM
MLS# 260007086
Copyright © 2026 Realty MLS, Inc. 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.
Well-maintained two-family home built in 2010 offering approximately 2,756 sq ft of living space. The layout includes a private elevator serving from the first to third floor, central A/C, and a Jacuzzi. Offsite improvements include a 1-car garage plus additional parking for up to 3 vehicles. The home also features a private backyard, with balconies off the master bedroom and kitchen, designed to add usable outdoor space for day-to-day living.
The second unit includes four bedrooms, a large living room and dining area, and a pantry closet for additional storage. Both units are described as having generous layouts with ample closet space throughout, and pocket sliding doors in the master bedroom. The property is located in Union City and is described as just minutes from NYC transportation, shopping, and major amenities.
This two-family configuration can support owner-occupant use while maintaining a separate unit, or be considered for investment, based on the separate living arrangements described.
The second unit includes four bedrooms, a large living room and dining area, and a pantry closet for additional storage. Both units are described as having generous layouts with ample closet space throughout, and pocket sliding doors in the master bedroom. The property is located in Union City and is described as just minutes from NYC transportation, shopping, and major amenities.
This two-family configuration can support owner-occupant use while maintaining a separate unit, or be considered for investment, based on the separate living arrangements described.
Key Highlights
- Built in 2010 two‑family home with approximately 2,756 sq ft of living space
- Private elevator serving from the first to third floor
- Central A/C plus Jacuzzi
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
$46,125
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
3.85%
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%
$922,500
$922.5K
Cap Rate 7%
$658,929
$658.9K
Cap Rate 9%
$512,500
$512.5K
Market Conditions
NOI Build-Up for 2,756 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
$70.4K $25.56/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$65.9K $23.91/SF
− OpEx
−$19.8K −$7.17/SF
NOI
$46.1K $16.74/SF
Area
Hudson 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%
$922,500
Cap Rate 7%
$658,929
Cap Rate 9%
$512,500
Alternative Uses
Best Use
Multifamily LT 5
$658.9K
$576.6K – $768.8K
NOI $46,125 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$605.5K
$529.8K – $706.4K
NOI $42,382 @ 7.0% cap · market cap 3.53%
Theoretical Best
Warehouse
$998.0K
$873.2K – $1.16M
NOI $69,858 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,707
Businesses Nearby
Explore this area
Business Placement
Demographics for 07087, NJ
68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
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 - Well-maintained two-family home built in 2010 with central A/C, a private elevator, and outdoor space.
Where is this duplex located?
The property is located at 714 17TH ST Union 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: Built in 2010 two‑family home with approximately 2,756 sq ft of living space; Private elevator serving from the first to third floor; Central A/C plus Jacuzzi
