Renovated Two-Family
82 Pequannock Street Dover, NJ 07801
82 Pequannock Street, Dover, NJ, 07801
$750,000
Pending
For Sale
$750,000
Pending
Renovated two-family with separate utilities, updated finishes, and a finished attic plus detached two-car garage.
Property Size1,590 SF
Days on Market73
Property Features for 82 Pequannock Street
General Information
- Standard status
- Pending
- Size
- 1,590 SF
- Property subtype
- Multi Family / Duplex-Side by Side
Building Details
- Year Built
- 1910
Listing agency
X REALTY CORP.
(973) 298-0838
Listed by
CHRISTIAN RUGEL · License #301714
(973) 298-0838
Source
Compass
Added: May 12 Updated: Jul 22 at 3:58AM Checked: Jul 22 at 3:58AM
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 X REALTY CORP.
Investment Insights
Based on property information with market context.
This beautifully renovated two-family home at 82 Pequannock Street, Dover, NJ offers two updated living units with separate utilities and mechanicals. The owner-occupied unit was taken down to the studs with new insulation and sheetrock, updated plumbing, luxury vinyl plank flooring, recessed lighting, and new light fixtures. Highlights include 9-foot ceilings, two renovated bathrooms, and a finished attic that functions as an additional bedroom and recreation room. The second unit mirrors the same general renovation scope with luxury vinyl plank flooring, 9-foot ceilings, fresh paint, and updated finishes throughout.
Outside, the home features classic Victorian character with bay windows and covered porches, along with a detached two-car garage. The property is steps from Dover’s downtown amenities, shops, and restaurants, with convenient access to major highways and the NJ Transit direct train to NYC.
Both units are positioned for move-in readiness based on the provided renovation details, supporting straightforward long-term occupancy planning for an owner-occupant or investor.
Outside, the home features classic Victorian character with bay windows and covered porches, along with a detached two-car garage. The property is steps from Dover’s downtown amenities, shops, and restaurants, with convenient access to major highways and the NJ Transit direct train to NYC.
Both units are positioned for move-in readiness based on the provided renovation details, supporting straightforward long-term occupancy planning for an owner-occupant or investor.
Key Highlights
- Market rents listed at $3,800/month per unit with a reported 10% cap rate
- Owner unit renovation to the studs with new insulation, sheetrock, plumbing, luxury vinyl plank flooring, recessed lighting, and new light fixtures
- Second unit updated with 9‑foot ceilings, luxury vinyl plank floors, fresh paint, and updated finishes
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $25.56 |
| − Vacancy | −$2.6k | −$1.65 |
| EGI | $38.0k | $23.91 |
| − OpEx | −$11.4k | −$7.17 |
| NOI | $26.6k | $16.74 |
1,590 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$349.3K
$305.6K – $407.5K
NOI $24,451 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,063 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family with separate utilities, updated finishes, and a finished attic plus detached two-car garage.
Where is this duplex located?
The property is located at 82 Pequannock Street Dover, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Market rents listed at $3,800/month per unit with a reported 10% cap rate; Owner unit renovation to the studs with new insulation, sheetrock, plumbing, luxury vinyl plank flooring, recessed lighting, and new light fixtures; Second unit updated with 9‑foot ceilings, luxury vinyl plank floors, fresh paint, and updated finishes
