Wallington Duplex: Investment or
For Sale
Contact for pricing
9 Tuttle St, Wallington, NJ 07057
Charming duplex in Wallington, NJ, ideal for investors or families.
Property Size2,138 SF
Price / SF$233.86
Days on Market162
Property Features for 9 Tuttle St
General Information
Standard status
Active
Size
2,138 SF
Class
A
Property subtype
Multifamily
Occupancy
100%
Investment Type
Institutional
Building Details
Units
2
Listing Agency:
Florida Homes Realty and Mortgage
Listed By:
Stavros Adonis Mallios · License #FL SL3517036
Source:
Crexi
Added: Mar 26
Changed: Aug 23
Last Checked: Sep 3 at 3:21AM
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 Florida Homes Realty and Mortgage
Investment Insights
Based on property information with market context.
This beautifully maintained duplex is located in Wallington, NJ. It offers a blend of comfort and convenience, suitable for investment or multi-generational living. The property features two separate units, each thoughtfully designed with spacious layouts. The interiors offer a warm and welcoming atmosphere. For investors, this duplex represents an opportunity to generate steady rental income due to its desirable location in Wallington and proximity to local amenities, schools, and transportation. The property's well-maintained condition means it's ready for immediate occupancy, with potential for future upgrades to increase its value and rental rates. This property is also ideal for multi-generational families looking to live under one roof while maintaining separate living spaces. The duplex setup allows for privacy and independence. Situated in a quiet, residential neighborhood of Wallington, this duplex offers the best of suburban living with easy access to major highways, shopping, dining, and recreational facilities. The property size is 2138 square feet.
Key Highlights
- Income‑generating potential as a well‑maintained duplex.
- Ideal for multi‑generational living with separate, private units.
- Spacious and versatile living spaces in both units.
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
$35,782
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
7.16%
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%
$715,640
$715.6K
Cap Rate 7%
$511,171
$511.2K
Cap Rate 9%
$397,578
$397.6K
Market Conditions
NOI Build-Up for 2,138 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
$54.6K $25.56/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$51.1K $23.91/SF
− OpEx
−$15.3K −$7.17/SF
NOI
$35.8K $16.74/SF
Area
Bergen 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%
$715,640
Cap Rate 7%
$511,171
Cap Rate 9%
$397,578
Alternative Uses
Best Use
Multifamily LT 5
$511.2K
$447.3K – $596.4K
NOI $35,782 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$469.7K
$411.0K – $548.0K
NOI $32,878 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$558.3K
$488.5K – $651.3K
NOI $39,079 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 07057, NJ
11,868
Population
5,153
Households
2.3
Avg Household Size
41
Median Age
37%
College-Educated
93%
High-School Grad
1.0 sq mi
ZIP Area
11,868
Density / Sq Mi
$82,422
Median Household Income
$53,693
Median Earnings
$1,568
Median Rent
$493,700
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 - Charming duplex in Wallington, NJ, ideal for investors or families.
Where is this duplex located?
The property is located at 9 Tuttle St Wallington, 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: Income‑generating potential as a well‑maintained duplex.; Ideal for multi‑generational living with separate, private units.; Spacious and versatile living spaces in both units.
