Two-Unit Duplex with
New
For Sale
$825,000
10 Peterson Rd, Totowa Boro, NJ 07512
The two residences have separate kitchens and laundry facilities, with a finished walk-out basement in the larger unit.
Property Size2,521 SF
Price / SF$327.25
Days on Market4
Property Features for 10 Peterson Rd
General Information
Standard status
Active
Size
2,521 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
central air
patio
laundry
Building Details
Year Built
1960
Stories
3
Listed By:
Andrea Martone · License #249329
Source:
Srrealestategroup
Added: Nov 1
Last Checked: Nov 3 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrea Martone
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal two-family property at 10 Peterson Road contains two residences across 3 levels of living space. The larger unit has 3 bedrooms, 2 full baths, living and dining rooms, a family room, sunroom, and an eat-in kitchen with granite. Its finished walk-out basement includes a second kitchen, a third full bath, and garage access. Central air and a 2-car garage serve this unit. The second residence offers 2 bedrooms, a full bath, a living room, an eat-in kitchen, storage closets, and a separate laundry room.
Outdoor features include a large, level yard and patio. The property also has a new roof.
Outdoor features include a large, level yard and patio. The property also has a new roof.
Key Highlights
- Two legal residences arranged over 3 levels of living space
- Larger unit has 3 bedrooms, 2 full baths, and a finished walk‑out basement
- Basement includes a second kitchen, third full bath, and garage entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,192
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,840
$843.8K
Cap Rate 7%
$602,743
$602.7K
Cap Rate 9%
$468,800
$468.8K
Market Conditions
NOI Build-Up for 2,521 SF
Gross rent
$64.4K $25.56/SF
− Vacancy
−$4.2K −$1.65/SF
EGI
$60.3K $23.91/SF
− OpEx
−$18.1K −$7.17/SF
NOI
$42.2K $16.74/SF
Area
Paterson, 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 Rate 5%
$843,840
Cap Rate 7%
$602,743
Cap Rate 9%
$468,800
Alternative Uses
Best Use
Multifamily LT 5
$602.7K
$527.4K – $703.2K
NOI $42,192 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$553.8K
$484.6K – $646.1K
NOI $38,768 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$658.3K
$576.0K – $768.0K
NOI $46,080 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Explore this area
Business Placement
Demographics for 07512, NJ
11,042
Population
4,002
Households
2.8
Avg Household Size
44
Median Age
38%
College-Educated
93%
High-School Grad
4.0 sq mi
ZIP Area
2,761
Density / Sq Mi
$114,177
Median Household Income
$56,348
Median Earnings
$1,703
Median Rent
$507,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences have separate kitchens and laundry facilities, with a finished walk-out basement in the larger unit.
Where is this duplex located?
The property is located at 10 Peterson Rd Totowa Boro, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two legal residences arranged over 3 levels of living space; Larger unit has 3 bedrooms, 2 full baths, and a finished walk‑out basement; Basement includes a second kitchen, third full bath, and garage entrance
