Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    48 Main Avenue Wallington, NJ 07057

    View on Map
    For Sale
    $974,000

    Sde/Sde, 2 Family - Wallington, NJ

    Added:
    Mar 12, 2026
    Days on Market:
    22
    Last Refresh:
    Apr 2 at 9:06 am

    Property Features for 48 Main Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    New Construction
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Salvatore LoCascio

    Listing agent Salvatore LoCascio

    Listing office Keller Williams Prosperity Realty 1700 State Route 23, Wayne, NJ

    Listing date Mar 12, 2026

    MLS# 25043869 Listing URL

    Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Side-by-Side Two-Family Duplex

    This side-by-side two-family duplex offers the privacy of a single-family home combined with income potential. Constructed in 2002, the owner's unit is vacant and move-in ready, featuring fresh interior paint and second-floor in-unit laundry with a washer and dryer. The partially finished basement offers the potential for additional living space with the addition of sheetrock. The tenant's unit, also renovated in 2002, is occupied by a long-term tenant paying $2,000 monthly. The property includes a 4-car driveway and an oversized 4-car detached garage. The tenant uses the driveway and a rear shed addition, leaving the garage for the owner's use. This property combines modern updates, rental income, and outdoor amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wallington
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1167137
    Latitude
    40.8546246

    Nearby Similar for Sale

    • $974,000
      2,840 SF

      Side-by-Side Duplex with Income Potential

      Rare duplex with income potential in Wallington Boro, New Jersey.
      48 Main Ave, Wallington Boro, NJ 07057-1132
      View Details
    • $799,000

      Corner Lot Market with Equipment

      Well-maintained market with equipment, office, and storage.
      125 Wallington Ave, Wallington Boro, NJ 07057-1149
      View Details
    • $999,000
      2,793 SF

      Mixed-Use Property with Large Garage

      Mixed-use property featuring a standalone garage and easy NYC access.
      84 Locust Ave, Wallington Boro, NJ 07057-1323
      View Details
    • $885,000
      1,841 SF

      Renovated Two-Family Home in Wallington

      Fully renovated two-family home near parks, shops, and NYC transportation.
      80 Koster St, Wallington Boro, NJ 07057-1320
      View Details
    • $999,000

      Two-Family Home with Commercial Warehouse

      Two-family home with updated systems and 2,800 sq ft warehouse.
      84 Locust Ave, Wallington Boro, NJ 07057-1323
      View Details
    • $500,000
      4,500 SF

      Mixed-Use Property in Wallington, NJ

      Versatile property with bar, apartment, and development potential.
      77 Maple Ave, Wallington Boro, NJ 07057-1137
      View Details
    • $125,000

      Profitable Convenience Store Opportunity

      Established convenience store for sale in a high-traffic location.
      13 Locust, Wallington, NJ 07057
      View Details
    • $1,200,000

      Mixed-Use Commercial Property For Sale

      Mixed-use property with commercial space and residential apartments in Wallington.
      15 Wallington Avenue, Wallington, NJ 07057
      View Details
    • $999,000
      2,793 SF

      Mixed-Use Property with Large Garage

      Mixed-use property featuring a large garage and two residential units.
      84 Locust Ave, Wallington Boro, NJ 07057
      View Details
    • $500,000
      4,500 SF

      Mixed-Use Property in Wallington, NJ

      Versatile property with bar, apartment, and development potential.
      77 Maple Ave, Wallington Boro, NJ 07057
      View Details
    • $394,000

      Restaurant Building For Sale

      Tenant-occupied building in prime location near Wallington High School.
      210 Main, Wallington, NJ 07057
      View Details
    • $899,000

      Wallington Industrial Investment Opportunity

      3,500 SF industrial building on .43 acres in Wallington, NJ.
      8 Halstead, Wallington, NJ 07057
      View Details

    FAQs

    What type of property is this?
    Duplex - Rare duplex with income potential in Wallington, NJ.
    Where is this duplex located?
    The property is located at 48 Main Avenue Wallington, NJ.
    What is the asking price?
    The asking price for this property is $974,000.
    What are key features of this property?
    This property features: Exceptional income potential from tenant unit ($2,000/month) to offset mortgage costs.; Move‑in ready owner's unit, freshly painted with in‑unit laundry (washer and dryer included).; Spacious 4‑car driveway plus **oversized 4‑car detached garage provides ample parking and storage.**
    (201) 321-6872
    We can help!
    Listing Contact
    Salvatore LoCascio
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!