Two-Unit Home with Detached
For Sale
$668,500
10 Zazzetti Street, Waldwick, NJ 07463
Each residence offers two bedrooms, a full bath, and an eat-in kitchen with shared laundry facilities.
Property Size1,904 SF
Price / SF$351.10
Days on Market427
Property Features for 10 Zazzetti Street
General Information
Standard status
Active
Size
1,904 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
shared laundry
Electricity Connected, Natural Gas Connected, Sep Heat
Building Details
Buildings
1
Stories
2
Construction
cement block
Listed By:
Patti Gurney · License #1757287
(551) 427-6030
Source:
Kw
Added: Jul 5, 2025
Changed: Sep 3
Last Checked: Sep 3 at 2:20AM
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 Patti Gurney
Investment Insights
Based on property information with market context.
This 1904 sq ft duplex is a cement-block American Four Square home constructed in 1904. The first- and second-floor residences each contain 2 bedrooms, 1 full bath, and an eat-in kitchen. The upper unit adds walk-up attic access, while shared laundry is located in the unfinished basement. Separate heat is provided, with natural gas and electric service connected.
Exterior features include a large, level backyard and a detached two-car garage. The property is steps from the train station and near downtown shops, restaurants, cafes, parks, schools, and shopping. Direct transportation to NYC is also noted, placing the home within a walkable Waldwick setting with established residential and community amenities.
Exterior features include a large, level backyard and a detached two-car garage. The property is steps from the train station and near downtown shops, restaurants, cafes, parks, schools, and shopping. Direct transportation to NYC is also noted, placing the home within a walkable Waldwick setting with established residential and community amenities.
Key Highlights
- Two‑family layout with 2 bedrooms and 1 full bath in each unit
- 1904 sq ft cement‑block American Four Square home
- Second‑floor unit includes walk‑up attic access
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
$31,866
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
4.77%
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%
$637,320
$637.3K
Cap Rate 7%
$455,229
$455.2K
Cap Rate 9%
$354,067
$354.1K
Market Conditions
NOI Build-Up for 1,904 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
$48.7K $25.56/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$45.5K $23.91/SF
− OpEx
−$13.7K −$7.17/SF
NOI
$31.9K $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%
$637,320
Cap Rate 7%
$455,229
Cap Rate 9%
$354,067
Alternative Uses
Best Use
Multifamily LT 5
$455.2K
$398.3K – $531.1K
NOI $31,866 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$418.3K
$366.0K – $488.0K
NOI $29,280 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$497.2K
$435.0K – $580.0K
NOI $34,802 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Explore this area
Business Placement
Demographics for 07463, NJ
10,058
Population
3,486
Households
2.9
Avg Household Size
41
Median Age
57%
College-Educated
96%
High-School Grad
2.0 sq mi
ZIP Area
5,029
Density / Sq Mi
$155,526
Median Household Income
$74,468
Median Earnings
$3,189
Median Rent
$576,200
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 - Each residence offers two bedrooms, a full bath, and an eat-in kitchen with shared laundry facilities.
Where is this duplex located?
The property is located at 10 Zazzetti Street Waldwick, NJ.
What is the asking price?
The asking price for this property is $668,500.
What are key features of this property?
This property features: Two‑family layout with 2 bedrooms and 1 full bath in each unit; 1904 sq ft cement‑block American Four Square home; Second‑floor unit includes walk‑up attic access
