Renovated Two-Family
New
For Sale
$799,999
76 Mission St, Montclair, NJ 07042
A detached two-car garage and two additional parking spaces serve the property.
Property Size2,426 SF
Price / SF$329.76
Days on Market2
Property Features for 76 Mission St
General Information
Standard status
Active
Size
2,426 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Keller Williams Village Square
Listed By:
Leonardo Tatis · License #399274
(201) 906-4570
Source:
Srrealestategroup
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 8:35AM
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 Keller Williams Village Square
Investment Insights
Based on property information with market context.
This renovated duplex contains two residential units and 2,426 square feet of living area. Built in 1923, the property includes a detached two-car garage and two additional parking spaces.
Bloomfield Avenue’s shops, dining and entertainment are nearby, as is Bay Street NJ TRANSIT Station, with rail service toward New York City. Charles H. Bullock School and Glenfield Middle School are also in the surrounding area.
Bloomfield Avenue’s shops, dining and entertainment are nearby, as is Bay Street NJ TRANSIT Station, with rail service toward New York City. Charles H. Bullock School and Glenfield Middle School are also in the surrounding area.
Key Highlights
- Two‑family property with 2,426 square feet of living area
- Detached two‑car garage plus two additional parking spaces
- Built in 1923 and renovated
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
$40,602
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
5.08%
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%
$812,040
$812.0K
Cap Rate 7%
$580,029
$580.0K
Cap Rate 9%
$451,133
$451.1K
Market Conditions
NOI Build-Up for 2,426 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
$62.0K $25.56/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$58.0K $23.91/SF
− OpEx
−$17.4K −$7.17/SF
NOI
$40.6K $16.74/SF
Area
Essex 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%
$812,040
Cap Rate 7%
$580,029
Cap Rate 9%
$451,133
Alternative Uses
Best Use
Multifamily LT 5
$580.0K
$507.5K – $676.7K
NOI $40,602 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$533.0K
$466.3K – $621.8K
NOI $37,307 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$633.5K
$554.3K – $739.1K
NOI $44,343 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,688
Businesses Nearby
Explore this area
Business Placement
Demographics for 07042, NJ
27,384
Population
11,682
Households
2.3
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
7,206
Density / Sq Mi
$127,083
Median Household Income
$75,856
Median Earnings
$2,017
Median Rent
$733,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - A detached two-car garage and two additional parking spaces serve the property.
Where is this duplex located?
The property is located at 76 Mission St Montclair, NJ.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two‑family property with 2,426 square feet of living area; Detached two‑car garage plus two additional parking spaces; Built in 1923 and renovated
