Two-Family Residential Property with
For Sale
$799,750
126 MacArthur Ave, Garfield, NJ 07026
MULTI_FAMILY - Garfield City, NJ
Property Size1,440 SF
Lot Size0.11 Acres
Price / SF$555.38
Days on Market272
Property Features for 126 MacArthur Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Patio and Porch features
Patio
Interior features
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Exterior features
Curbs, Patio, FencPriv, Sidewalk, FencVnyl
Fencing
Fenced
Lot features
Corner, Level Lot
High school
GARFIELD
Directions
Midland Ave or Passaic St to Clark St. Property is at the south east corner of Clark St and MacArthur Ave. MacArthur Ave is a one way traveling north.
Standard status
Active
Size
1,440 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8766
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating), Electric (Heating), Baseboard
Water source
Public
Amenities
patio
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Roof type
Flat
Architectural style
Other
Listing Agency:
KELLER WILLIAMS PROSPERITY REALTY · Keller Williams Realty
(973) 696-0077
Listed By:
SALVATORE LOCASCIO · License #270657
(973) 696-0077
Added: Nov 10, 2025
Changed: Aug 3
Last Checked: Aug 9 at 12:06PM
MLS# 3997204
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 income-oriented layout with 4 bedrooms and 3 full bathrooms on each floor. The home includes a basement and is equipped with smoke detectors, a fire extinguisher, and a carbon monoxide detector. Interior finishes include tile floors, vinyl-linoleum floors, and wood floors. Heating options listed include hot water and baseboard with electric heating, and the roof is flat.
Set on a 0.11-acre lot and zoned R-2, the exterior features include a patio, curbs, sidewalks, and fencing. Utilities are listed as cable available, with public water and public sewer. The property also includes a single-car garage that is rented separately, and the utilities are described as separate for easier management.
Located in Garfield, NJ, the home is presented as walkable to public transportation, parks, schools, shopping, and places of worship.
Set on a 0.11-acre lot and zoned R-2, the exterior features include a patio, curbs, sidewalks, and fencing. Utilities are listed as cable available, with public water and public sewer. The property also includes a single-car garage that is rented separately, and the utilities are described as separate for easier management.
Located in Garfield, NJ, the home is presented as walkable to public transportation, parks, schools, shopping, and places of worship.
Key Highlights
- 4 bedrooms and 3 full bathrooms on each floor
- Zoned R‑2 on a 0.11‑acre lot
- Patio, fenced yard, curbs and sidewalks
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
$24,100
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
3.01%
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%
$482,000
$482.0K
Cap Rate 7%
$344,286
$344.3K
Cap Rate 9%
$267,778
$267.8K
Market Conditions
NOI Build-Up for 1,440 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
$36.8K $25.56/SF
− Vacancy
−$2.4K −$1.65/SF
EGI
$34.4K $23.91/SF
− OpEx
−$10.3K −$7.17/SF
NOI
$24.1K $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%
$482,000
Cap Rate 7%
$344,286
Cap Rate 9%
$267,778
Alternative Uses
Best Use
Multifamily LT 5
$344.3K
$301.3K – $401.7K
NOI $24,100 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$316.3K
$276.8K – $369.1K
NOI $22,144 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$376.0K
$329.0K – $438.7K
NOI $26,321 @ 7.0% cap · market cap 3.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,285
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
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 - Two-family home on a 0.11-acre lot with patio, fenced yard, and separate utilities in R-2 zoning.
Where is this duplex located?
The property is located at 126 MacArthur Ave Garfield, NJ.
What is the asking price?
The asking price for this property is $799,750.
What are key features of this property?
This property features: 4 bedrooms and 3 full bathrooms on each floor; Zoned R‑2 on a 0.11‑acre lot; Patio, fenced yard, curbs and sidewalks
