Renovated Duplex with
For Sale
$500,000
86 Gordon Avenue, Lawrence, NJ 08648
Residential, Duplex, Lawrence, NJ
Property Size1,642 SF
Lot Size0.02 Acres
Price / SF$304.51
Days on Market12
Property Features for 86 Gordon Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Neighborhood
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 2, Basement, Bathroom 2, Bathroom 1, Bedroom 1
Patio and Porch features
Patio, Deck
Interior features
Eat-in Kitchen, Recessed Lighting
Fencing
Fenced
Fireplace
1
Basement
Finished
Directions
Route 206 to Gordon ave. to 86 Gordon. duplex style townhouse. only one neighbor for each building.
Subdivision
Lawrence Sta
Standard status
Active
APN
07-06301-0000-00082-0000-C3858
Size
1,642 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8409
HOA Fee
$315 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Floors in Building
2
Flooring type
Laminate, Tile, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty
(732) 494-7700
Listed By:
Ying Gautreau
(908) 930-7062
Added: Sep 14
Changed: Sep 19
Last Checked: Sep 25 at 4:06AM
MLS# 22629061
Copyright © 2026 More MLS. 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.
This 1,642-square-foot duplex-style end-unit townhouse was built in 1989 and renovated in 2023. The interior includes an open floor plan, crown molding, recessed lighting, laminate, tile, and carpet flooring. Its kitchen is equipped with a built-in gas range, refrigerator, butler’s pantry, and eat-in area. A breakfast area, formal dining room, wood-burning fireplace, and basement add to the home’s functional layout. The primary suite includes a sitting area, walk-in closet, soaking tub, and walk-in shower.
Additional features include forced-air heating, central air conditioning, public water and sewer, a shingle roof, fencing, patio, and deck. The property is located in Lawrence, NJ, near a train station and shopping area.
Additional features include forced-air heating, central air conditioning, public water and sewer, a shingle roof, fencing, patio, and deck. The property is located in Lawrence, NJ, near a train station and shopping area.
Key Highlights
- 1,642 square feet of interior space
- Renovated in 2023
- Duplex‑style end‑unit townhouse
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
$29,017
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
5.80%
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%
$580,340
$580.3K
Cap Rate 7%
$414,529
$414.5K
Cap Rate 9%
$322,411
$322.4K
Market Conditions
NOI Build-Up for 1,642 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
$44.3K $27.00/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$41.5K $25.25/SF
− OpEx
−$12.4K −$7.57/SF
NOI
$29.0K $17.67/SF
Area
Mercer County, NJ
Vacancy
6.50%
Lease Rate
$27.00 /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%
$580,340
Cap Rate 7%
$414,529
Cap Rate 9%
$322,411
Alternative Uses
Best Use
Multifamily LT 5
$414.5K
$362.7K – $483.6K
NOI $29,017 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$358.0K
$313.3K – $417.7K
NOI $25,061 @ 7.0% cap · market cap 5.01%
Theoretical Best
Warehouse
$528.3K
$462.3K – $616.3K
NOI $36,980 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - End-unit townhouse with an open interior, gourmet kitchen, private outdoor areas, and a primary suite with spa-style bath features.
Where is this duplex located?
The property is located at 86 Gordon Avenue Lawrence, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,642 square feet of interior space; Renovated in 2023; Duplex‑style end‑unit townhouse
