Two-Unit Duplex with
New
For Sale
$725,000
Clifton City, Clifton, NJ 07011
Multi-Family, 2-Two Story, Clifton City, NJ
Property Size1,632 SF
Lot Size0.10 Acres
Price / SF$444.24
Days on Market4
Property Features for Clifton City
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 4, Bathroom 2
Parking
2
Exterior features
Curbs, Metal Fence, Privacy Fence, Sidewalk
Fencing
Privacy, Fenced
Lot features
Corner
Standard status
Active
Size
1,632 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11173
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Hot Water(Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
enclosed back porch
Building Details
Year built
1953
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
JK REALTY
(973) 472-7000
Listed By:
JOSEPH SIANO · License #2294003
(973) 563-1449
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 13 at 9:06PM
MLS# 4052015
Copyright © 2026 Garden State MLS, LLC. 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 two-family duplex offers 1,632 square feet on a 0.1-acre lot, with two bedrooms on each floor. The first level includes an attached apartment-style area, while the finished basement adds a half bath and additional usable space. An enclosed rear porch extends the property’s gathering area, and the site includes a 2-car garage with a driveway for parking and storage.
Built in 1953, the property features a shingle roof, public water, public sewer, sidewalk access, and privacy fencing. Its location directly across from Grammar School 11 places the home near a neighborhood school and nearby stores.
Built in 1953, the property features a shingle roof, public water, public sewer, sidewalk access, and privacy fencing. Its location directly across from Grammar School 11 places the home near a neighborhood school and nearby stores.
Key Highlights
- 1,632 square feet on a 0.1‑acre lot
- Two bedrooms on each floor
- Finished basement with half bath
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
$27,313
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
3.77%
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%
$546,260
$546.3K
Cap Rate 7%
$390,186
$390.2K
Cap Rate 9%
$303,478
$303.5K
Market Conditions
NOI Build-Up for 1,632 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
$41.7K $25.56/SF
− Vacancy
−$2.7K −$1.65/SF
EGI
$39.0K $23.91/SF
− OpEx
−$11.7K −$7.17/SF
NOI
$27.3K $16.74/SF
Area
Passaic 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%
$546,260
Cap Rate 7%
$390,186
Cap Rate 9%
$303,478
Alternative Uses
Best Use
Multifamily LT 5
$390.2K
$341.4K – $455.2K
NOI $27,313 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$358.5K
$313.7K – $418.3K
NOI $25,097 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$426.1K
$372.9K – $497.2K
NOI $29,830 @ 7.0% cap · market cap 4.11%
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
1,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 07011, NJ
41,691
Population
14,198
Households
2.9
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
13,449
Density / Sq Mi
$73,589
Median Household Income
$41,323
Median Earnings
$1,613
Median Rent
$403,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout includes finished basement space, an enclosed porch, and dedicated parking.
Where is this duplex located?
The property is located at Clifton City Clifton, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,632 square feet on a 0.1‑acre lot; Two bedrooms on each floor; Finished basement with half bath
