Duplex with Finished
New
For Sale
$675,000
Jersey City, NJ 07304-1209, Jersey City, NJ 07304
Multi-Family, 2-Two Story, Jersey City, NJ
Property Size1,806 SF
Lot Size0.05 Acres
Price / SF$373.75
Days on Market6
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Basement, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3
Parking
2
Patio and Porch features
Porch
Interior features
Carbon Monoxide Detector, Smoke Detector
Exterior features
Open Porch(es)
Lot features
Level Lot
Standard status
Active
Size
1,806 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7598
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Other (Heating), Steam
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX NEIGHBORHOOD PROPERTIES · RE/MAX International
(973) 334-3341
Listed By:
SALLY E NOVAK · License #8543001
(973) 819-9820
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 13 at 5:06AM
MLS# 4057751
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-unit duplex contains 1,806 square feet. The first-floor residence has 3 bedrooms, 2 bathrooms, and a finished basement; the second-floor residence has 2 bedrooms and 1 bathroom. A porch, shingle roof, and steam heating are among the property’s features. The building dates to 1930 and is being offered as-is.
The 0.05-acre parcel includes a shared driveway with additional parking at the rear. Public water and public sewer serve the property, and cable is available. The zoning designation is RES.
The 0.05-acre parcel includes a shared driveway with additional parking at the rear. Public water and public sewer serve the property, and cable is available. The zoning designation is RES.
Key Highlights
- Two units: first‑floor residence with 3 bedrooms and 2 bathrooms; second‑floor residence with 2 bedrooms and 1 bathroom
- 1,806 square feet
- Finished basement in the first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,987
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,740
$819.7K
Cap Rate 7%
$585,529
$585.5K
Cap Rate 9%
$455,411
$455.4K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$61.8K $34.20/SF
− Vacancy
−$3.2K −$1.78/SF
EGI
$58.6K $32.42/SF
− OpEx
−$17.6K −$9.73/SF
NOI
$41.0K $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 Rate 5%
$819,740
Cap Rate 7%
$585,529
Cap Rate 9%
$455,411
Alternative Uses
Best Use
Multifamily LT 5
$585.5K
$512.3K – $683.1K
NOI $40,987 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$525.2K
$459.6K – $612.8K
NOI $36,766 @ 7.0% cap · market cap 5.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,114
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 provide a three-bedroom layout downstairs and a two-bedroom layout above.
Where is this duplex located?
The property is located at Jersey City, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two units: first‑floor residence with 3 bedrooms and 2 bathrooms; second‑floor residence with 2 bedrooms and 1 bathroom; 1,806 square feet; Finished basement in the first‑floor unit
