Two-Story Duplex with Finished
New
For Sale
$999,000
11 Scudder St, Garfield, NJ 07026
Multi-Family, 2-Two Story, Under/Over, Garfield City, NJ
Property Size4,150 SF
Lot Size0.11 Acres
Price / SF$240.72
Days on Market2
Property Features for 11 Scudder St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Basement, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 7, Bathroom 3
Parking
2
Security features
Security System
Patio and Porch features
Deck
Interior features
Carbon Monoxide Detector, Fire Extinguisher, Security System, Smoke Detector
Exterior features
Deck, Storage Shed, Underground Lawn Sprinkler
Directions
River Dr. to lanza, Banta, or Semel to ScudderFollow GPS
Standard status
Active
Size
4,150 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
17404
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
central air
full finished walkout basement
summer kitchen
laundry room
backyard
deck
storage shed
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
RE/MAX HOUSE VALUES · RE/MAX International
(973) 770-7777
Listed By:
LAURA ELNASSER
(973) 601-1212
Added: Sep 11
Last Checked: Sep 12 at 8:06AM
MLS# 4052242
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 4,150-square-foot duplex, built in 1986, contains two residential units arranged across two stories. Each unit includes 3 bedrooms, 2 bathrooms, a living room, dining area, eat-in kitchen, hardwood floors, central air, and separate utilities. The first-floor residence also provides access to a rear deck.
A full finished walkout basement adds a summer kitchen, full bathroom, living and dining areas, two additional rooms, and a laundry room with separate hookups. Exterior features include a deck, storage shed, underground lawn sprinklers, and a one-car attached garage with driveway parking for 2 cars. The 0.11-acre property is served by public water and public sewer and is near shopping, schools, public transportation, and major roadways.
A full finished walkout basement adds a summer kitchen, full bathroom, living and dining areas, two additional rooms, and a laundry room with separate hookups. Exterior features include a deck, storage shed, underground lawn sprinklers, and a one-car attached garage with driveway parking for 2 cars. The 0.11-acre property is served by public water and public sewer and is near shopping, schools, public transportation, and major roadways.
Key Highlights
- Two 3‑bedroom, 2‑bathroom residential units with separate utilities
- 4,150 square feet on a 0.11‑acre lot
- Full finished walkout basement with summer kitchen, full bathroom, living and dining areas, and 2 additional rooms
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
$69,455
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
6.95%
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%
$1,389,100
$1.4M
Cap Rate 7%
$992,214
$992.2K
Cap Rate 9%
$771,722
$771.7K
Market Conditions
NOI Build-Up for 4,150 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
$106.1K $25.56/SF
− Vacancy
−$6.9K −$1.65/SF
EGI
$99.2K $23.91/SF
− OpEx
−$29.8K −$7.17/SF
NOI
$69.5K $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%
$1,389,100
Cap Rate 7%
$992,214
Cap Rate 9%
$771,722
Alternative Uses
Best Use
Multifamily LT 5
$992.2K
$868.2K – $1.16M
NOI $69,455 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$911.7K
$797.7K – $1.06M
NOI $63,819 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.08M
$948.2K – $1.26M
NOI $75,855 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Explore this area
Business Placement
Demographics for 07026, NJ
32,655
Population
12,234
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
15,550
Density / Sq Mi
$75,701
Median Household Income
$44,462
Median Earnings
$1,612
Median Rent
$454,300
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate utilities, central air, decks, and a finished walkout basement with additional living space.
Where is this duplex located?
The property is located at 11 Scudder St Garfield, 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: Two 3‑bedroom, 2‑bathroom residential units with separate utilities; 4,150 square feet on a 0.11‑acre lot; Full finished walkout basement with summer kitchen, full bathroom, living and dining areas, and 2 additional rooms
