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Renovated Mixed-Use Property For Sale
For Sale
$995,000

203 Ruby, Palisades Park, NJ 07650

Two apartments plus commercial space with high ceilings and garage door.

Property SizeContact for details
Days on Market500

Property Features for 203 Ruby

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $6,855
Listing Agency: PALISADES PARK PROPERTIES DBA KAYMAX REALTY, INC.
Listed By: GINA SEO
Source: Corcoran
Added: May 1, 2025 Changed: Mar 16 Last Checked: Aug 25 at 3:37AM

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 PALISADES PARK PROPERTIES DBA KAYMAX REALTY, INC.

Investment Insights

Based on property information with market context.

This mixed-use property features two renovated one-bedroom apartments on the second floor, currently rented for $1,200 and $1,500 respectively. Each unit includes its own laundry facilities. The first floor offers a commercial space with 12 to 15-foot ceilings and a 14-foot tall garage door. This space is suitable for various uses, including an artist studio, photographer studio, warehouse/office, or dance studio.

Key Highlights

  • Commercial space on the 1st floor featuring impressive 12'-15' ceilings and a convenient 14' tall garage door.
  • Two renovated one‑bedroom apartments are located on the 2nd floor.
  • Apartment A is rented for $1,200, and Apartment B is rented for $1,500.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Parking Lot & Garage Pet Store Pet Store & Service Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,832
Businesses Nearby

Demographics for 07650, NJ

20,292
Population
7,612
Households
2.7
Avg Household Size
40
Median Age
54%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
16,910
Density / Sq Mi
$101,295
Median Household Income
$50,817
Median Earnings
$1,976
Median Rent
$704,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two apartments plus commercial space with high ceilings and garage door.
Where is this mixed-use property located?
The property is located at 203 Ruby Palisades Park, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Commercial space on the 1st floor featuring impressive 12'-15' ceilings and a convenient 14' tall garage door.; Two renovated one‑bedroom apartments are located on the 2nd floor.; Apartment A is rented for $1,200, and Apartment B is rented for $1,500.
More about this property
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