Listing Agency: RE/MAX Real Estate Limited · RE/MAX International e***@aol.com

Listed By: Edith Josephson Show Phone

Added: Oct 21 Last Checked: Oct 23 at 4:06AM

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MLS# 26039724

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Investment Insights

Based on property information with market context.

This Maywood duplex contains two residences with four bedrooms total, arranged as two bedrooms per unit, and more than 2,100 square feet. Interior features include hardwood floors and ductless air conditioning. The property also has a partially finished basement, a two-car garage, and a backyard with a sunken firepit.

Separate electric meters serve the units. Additional improvements include newer hot water heaters, replaced windows, and newer siding. Parks, schools, NYC bus service, Bergen Towne Centre Mall, and Pleasant Avenue’s shops and restaurants are within walking distance.

Key Highlights

• Two‑family duplex with 4 bedrooms, arranged as 2 per unit
• More than 2,100 square feet of living area
• Two‑car garage and partially finished basement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,146

Cap Rate

4.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$702,920 $702.9K

Cap Rate 7%

$502,086 $502.1K

Cap Rate 9%

$390,511 $390.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$53.7K $25.56/SF

− Vacancy

−$3.5K −$1.65/SF

EGI

$50.2K $23.91/SF

− OpEx

−$15.1K −$7.17/SF

NOI

$35.1K $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 Rate 5%

$702,920

Cap Rate 7%

$502,086

Cap Rate 9%

$390,511

Alternative Uses

Best Use

Multifamily LT 5

$502.1K

$439.3K – $585.8K (±1% cap)

NOI $35,146 @ 7.0% cap · market cap 4.45%

Second Best

Apartment 5plus

$461.3K

$403.7K – $538.2K (±1% cap)

NOI $32,294 @ 7.0% cap · market cap 4.09%

Theoretical Best

Office A

$548.4K

$479.8K – $639.8K (±1% cap)

NOI $38,385 @ 7.0% cap · market cap 4.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

752

Businesses Nearby

Explore this area Business Placement

Demographics for 07607, NJ

10,080

Population

3,908

Households

2.6

Avg Household Size

43

Median Age

44%

College-Educated

94%

High-School Grad

1.3 sq mi

ZIP Area

7,754

Density / Sq Mi

$119,306

Median Household Income

$64,000

Median Earnings

$1,932

Median Rent

$495,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Four bedrooms are divided evenly between the two residences, with a partially finished basement and a private backyard.

Where is this duplex located?

The property is located at 124 Woodland Avenue Maywood, NJ.

What is the asking price?

The asking price for this property is $789,000.

What are key features of this property?

This property features: Two‑family duplex with 4 bedrooms, arranged as 2 per unit; More than 2,100 square feet of living area; Two‑car garage and partially finished basement