Four-Level Duplex with Fenced
For Sale
$999,000
832 Grand Street, Jersey City, NJ 07304
Two residential units offer flexible rental or owner-occupant use with fireplaces, private outdoor space, and transit access.
Property Size2,268 SF
Price / SF$440.48
Days on Market34
Property Features for 832 Grand Street
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/2.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
fireplace
in-unit laundry
rear deck
fenced yard
Building Details
Year Built
1895
Buildings
1
Listing Agency:
RE/MAX 1st ADVANTAGE
Listed By:
ROBERT DEKANSKI
(833) 740-1234
Source:
Actionplusrealty
Added: Aug 23
Changed: Sep 24
Last Checked: Sep 24 at 10:11AM
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 1st ADVANTAGE
Investment Insights
Based on property information with market context.
This 2,268-square-foot duplex, built in 1895, is arranged across four finished levels with two separate residential units. The first unit occupies the first and second floors and includes two bedrooms, 1.5 baths, an eat-in kitchen, formal dining room, living room with fireplace, foyer, and in-unit laundry. The upper unit spans the third and fourth floors with two bedrooms, 2.5 baths, an eat-in kitchen, formal dining room, living room, and fireplaces. Both units feature hardwood floors and generous room layouts.
A full unfinished basement provides storage and potential for additional finished area. The property also includes a rear deck and fenced backyard. Located at 832 Grand Street in Jersey City, the home is near bus service, the Light Rail, Arlington Park, shopping, and dining, with NYC skyline views.
A full unfinished basement provides storage and potential for additional finished area. The property also includes a rear deck and fenced backyard. Located at 832 Grand Street in Jersey City, the home is near bus service, the Light Rail, Arlington Park, shopping, and dining, with NYC skyline views.
Key Highlights
- 2,268‑square‑foot duplex built in 1895
- Two units arranged across four finished levels
- Unit 1 includes 2 bedrooms and 1.5 baths; Unit 2 includes 2 bedrooms and 2.5 baths
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
$51,473
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
5.15%
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%
$1,029,460
$1.0M
Cap Rate 7%
$735,329
$735.3K
Cap Rate 9%
$571,922
$571.9K
Market Conditions
NOI Build-Up for 2,268 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
$77.6K $34.20/SF
− Vacancy
−$4.0K −$1.78/SF
EGI
$73.5K $32.42/SF
− OpEx
−$22.1K −$9.73/SF
NOI
$51.5K $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%
$1,029,460
Cap Rate 7%
$735,329
Cap Rate 9%
$571,922
Alternative Uses
Best Use
Multifamily LT 5
$735.3K
$643.4K – $857.9K
NOI $51,473 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$659.6K
$577.1K – $769.5K
NOI $46,171 @ 7.0% cap · market cap 4.62%
Theoretical Best
—
—
same as Best Use
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
2,564
Businesses Nearby
Explore this area
Business Placement
Demographics for 07304, NJ
48,681
Population
21,211
Households
2.3
Avg Household Size
35
Median Age
40%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
23,181
Density / Sq Mi
$68,432
Median Household Income
$47,673
Median Earnings
$1,572
Median Rent
$489,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible rental or owner-occupant use with fireplaces, private outdoor space, and transit access.
Where is this duplex located?
The property is located at 832 Grand Street Jersey City, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,268‑square‑foot duplex built in 1895; Two units arranged across four finished levels; Unit 1 includes 2 bedrooms and 1.5 baths; Unit 2 includes 2 bedrooms and 2.5 baths
