Two-Family Residential
122 Sheridan Ave Clifton, NJ 07011
122 Sheridan Ave, Clifton, NJ, 07011
$689,000
Pending
For Sale
$689,000
Pending
MULTI_FAMILY - Clifton City, NJ
Property Size2,500 SF
Days on Market192
Property Features for 122 Sheridan Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bathroom 3
- Patio and Porch features
- Patio
- Interior features
- Smoke Detector, Wood Floors
- Exterior features
- Patio
- Standard status
- Pending
- Size
- 2,500 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10406
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
REALTY ONE GROUP LIVING
(201) 636-2280
291 STUYVESANT AVE, Lyndhurst, NJ
Listed by
JUAN RIVAS
(973) 943-0956
Added: Jan 6 Checked: Jul 17 at 3:06 am
MLS# 4003707
Listing URL
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 residential property offers a practical setup for owner-occupants or investors. The home includes a partially finished basement featuring a legal summer kitchen, a full bath, and a separate entrance for independent access. The roof is approximately two years old, providing recent exterior improvements.
The property is located in Clifton City, NJ at 122 Sheridan Ave. The listing also notes convenient proximity to schools and public transportation.
From a tenant and buyer-fit perspective, the separate entrance to the basement’s legal summer kitchen and full bath can support flexible living arrangements. For qualified buyers, the seller also indicates they will help with closing costs, which may help reduce upfront expenses. Overall, the combination of a two-family configuration and the basement’s independent use supports a range of residential occupancy strategies.
The property is located in Clifton City, NJ at 122 Sheridan Ave. The listing also notes convenient proximity to schools and public transportation.
From a tenant and buyer-fit perspective, the separate entrance to the basement’s legal summer kitchen and full bath can support flexible living arrangements. For qualified buyers, the seller also indicates they will help with closing costs, which may help reduce upfront expenses. Overall, the combination of a two-family configuration and the basement’s independent use supports a range of residential occupancy strategies.
Key Highlights
- 2‑family home with wood floors and smoke detectors
- Partially finished basement includes a legal summer kitchen with a full bath and a separate entrance
- Public water and public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.9k | $25.56 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $59.8k | $23.91 |
| − OpEx | −$17.9k | −$7.17 |
| NOI | $41.8k | $16.74 |
2,500 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$597.7K
$523.0K – $697.3K
NOI $41,840 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$549.2K
$480.6K – $640.8K
NOI $38,445 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with a partially finished basement, legal summer kitchen, full bath, and separate entrance.
Where is this duplex located?
The property is located at 122 Sheridan Ave Clifton, NJ.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 2‑family home with wood floors and smoke detectors; Partially finished basement includes a legal summer kitchen with a full bath and a separate entrance; Public water and public sewer
