Two-Unit Duplex with Basement and
For Sale
$639,000
Pending
72 Terrace Street, Bergenfield, NJ 07621
MULTI_FAMILY - Bergenfield, NJ
Property Size1,552 SF
Lot Size0.11 Acres
Days on Market88
Property Features for 72 Terrace Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Basement, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2
Directions
Off of Anderson Ave or Lake St
Standard status
Pending
APN
03-00120-0000-00021
Size
1,552 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11050
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Number of units
2
Listing Agency:
Realty One Group Emerge
(732) 449-2900
Listed By:
Ankur Kapoor · License #2321475
(732) 449-2900
Added: May 11
Changed: Aug 3
Last Checked: Aug 6 at 7:06AM
MLS# 22613644
Copyright © 2026 More MLS. 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 includes an upstairs and downstairs layout with separate living space. The upstairs unit offers three bedrooms, a full bathroom, a kitchen, and comfortable living space. The downstairs unit features two bedrooms, one full and one half bathroom, plus a kitchen and a living/dining area.
Additional on-site storage includes a basement with washer and dryer hookups, along with an attic accessed via pull-down stairs. Outside, the property has a large driveway and two storage sheds in the yard.
The home is situated on a 0.11-acre lot and has 1,552 square feet of space. Built in 1926, the property is heated with baseboard units and serviced by public water and public sewer.
Additional on-site storage includes a basement with washer and dryer hookups, along with an attic accessed via pull-down stairs. Outside, the property has a large driveway and two storage sheds in the yard.
The home is situated on a 0.11-acre lot and has 1,552 square feet of space. Built in 1926, the property is heated with baseboard units and serviced by public water and public sewer.
Key Highlights
- 0.11‑acre lot and 1,552 SF duplex built in 1926
- Upstairs unit: three bedrooms, full bathroom, kitchen, and living space
- Downstairs unit: two bedrooms, one full and one half bathroom, kitchen, living/dining area
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 | $39.7k | $25.56 |
| − Vacancy | −$2.6k | −$1.65 |
| EGI | $37.1k | $23.91 |
| − OpEx | −$11.1k | −$7.17 |
| NOI | $26.0k | $16.74 |
1,552 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.7K – $432.9K
NOI $25,975 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$341.0K
$298.3K – $397.8K
NOI $23,867 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$405.3K
$354.6K – $472.8K
NOI $28,368 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 07621, NJ
28,321
Population
9,677
Households
2.9
Avg Household Size
40
Median Age
48%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
9,766
Density / Sq Mi
$124,083
Median Household Income
$54,499
Median Earnings
$1,744
Median Rent
$469,200
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 - Duplex with public water and public sewer, baseboard heat, and in-home laundry hookups plus attic storage.
Where is this duplex located?
The property is located at 72 Terrace Street Bergenfield, NJ.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: 0.11‑acre lot and 1,552 SF duplex built in 1926; Upstairs unit: three bedrooms, full bathroom, kitchen, and living space; Downstairs unit: two bedrooms, one full and one half bathroom, kitchen, living/dining area
