Clifton City Multi-Family
122 Sheridan Ave, Clifton, NJ 07011
- Added:
- Jan 6, 2026
- Days on Market:
- 146
- Last Refresh:
- Jun 1 at 1:06 pm
Property Features for 122 Sheridan Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
- Patio and Porch features
- Patio
- Interior features
- Smoke Detector, Wood Floors
- Exterior features
- Patio
- Basement Y/N
- 1
- Standard status
- Pending
- Size
- 2,500 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10406
Building Details
- Year built
- 1952
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
- Roof type
- Composition, Shingle
- Architectural style
- Other
Listing agent JUAN RIVAS (973) 943-0956
Listing office REALTY ONE GROUP LIVING 291 STUYVESANT AVE, Lyndhurst, NJ (201) 636-2280
Listing date Jan 6, 2026
MLS# 4003707
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑family home: Ideal for first‑time buyers or investment.
- Partially finished basement with legal summer kitchen, full bath, and separate entrance.
- Relatively new roof (two years old).
- Seller assistance with closing costs.
- Convenient location: Close to schools and public transportation.
- Features include a patio, wood floors, and brick/vinyl siding construction.
Overview
This two-family home is suitable for first-time buyers or as an investment property. The property features a partially finished basement with a legal summer kitchen, a full bathroom, and a separate entrance. The roof is two years old. The property is located close to schools and public transportation. The property size is 2500 square feet and the lot size is 0 acres. The property is located in Clifton City, New Jersey.
Local 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 | $63.9k | $25.56 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $59.8k | $23.91 |
| − OpEx | −$17.9k | −$7.17 |
| NOI | $41.8k | $16.74 |
2,500 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$597.7K
$523.0K – $697.3K
NOI $41,840 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$549.2K
$480.6K – $640.8K
NOI $38,445 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Clifton
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.14114
- Latitude
- 40.87021
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family home with partially finished basement and summer kitchen.
Where is this duplex located?
The property is located at 122 Sheridan Ave Clifton, NJ.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Two‑family home: **Ideal for first‑time buyers or investment.**; **Partially finished basement with legal summer kitchen, full bath, and separate entrance.**; Relatively new roof (two years old).
