Two-Family Home with Two-Car
For Sale
$975,000
164 Page St, Elmwood Park, NJ 07407
Two separate units with dedicated entries and separate utilities, plus a two-car garage and backyard recreation space.
Property Size3,451 SF
Price / SF$282.53
Days on Market75
Property Features for 164 Page St
General Information
Standard status
Active
Size
3,451 SF
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,793
Building Details
Year Built
1970
Units
2
Listing Agency:
Real
(855) 450-0442
Listed By:
STACIA BRUNDA
Source:
Elliman
Added: Jun 12
Changed: Aug 23
Last Checked: Aug 24 at 8:20AM
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 Real
Investment Insights
Based on property information with market context.
This two-family home offers a duplicate layout in each unit, with entry access from its own hallway into a living room and kitchen. Both units include a large living room, dining room, modern eat-in kitchen, three bedrooms, and a full bath. Unit 2 is noted to include a skylight in the bathroom and attic access. The ground level provides additional living space with a large recreation or family room, sliders to the backyard, a powder room, kitchenette, and a laundry area with washer/dryer for each unit, along with a utility room and access into the two-car garage. The property also includes a fenced yard with patio amenities and an above-ground saltwater pool. Heating is baseboard gas in each unit, and cooling includes wall A/C for Unit 1 and both central and wall A/C for Unit 2, with a mini A/C split system on the ground level.
Access is highlighted as convenient to mass transit, with buses on RT 46 and the Plauderville Station for train service. The driveway allows parking for two vehicles, and the property is positioned to support both daily commutes and local errands.
For owners and investors, the building’s two separate units with individual entry points and separate utilities can support straightforward multi-family living or rental operations. The well-specified interior spaces, along with the garage, laundry setup, and additional ground-level recreation space, offer practical functionality for tenants or occupants.
Access is highlighted as convenient to mass transit, with buses on RT 46 and the Plauderville Station for train service. The driveway allows parking for two vehicles, and the property is positioned to support both daily commutes and local errands.
For owners and investors, the building’s two separate units with individual entry points and separate utilities can support straightforward multi-family living or rental operations. The well-specified interior spaces, along with the garage, laundry setup, and additional ground-level recreation space, offer practical functionality for tenants or occupants.
Key Highlights
- Two‑family home built in 1970 with duplicate layouts in each unit
- Each unit has 3 bedrooms, a large living room, dining room, modern eat‑in kitchen, and a full bath
- Separate entrances from individual hallways plus separate utilities for each unit
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
$57,757
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
5.92%
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%
$1,155,140
$1.2M
Cap Rate 7%
$825,100
$825.1K
Cap Rate 9%
$641,744
$641.7K
Market Conditions
NOI Build-Up for 3,451 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
$88.2K $25.56/SF
− Vacancy
−$5.7K −$1.65/SF
EGI
$82.5K $23.91/SF
− OpEx
−$24.8K −$7.17/SF
NOI
$57.8K $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%
$1,155,140
Cap Rate 7%
$825,100
Cap Rate 9%
$641,744
Alternative Uses
Best Use
Multifamily LT 5
$825.1K
$722.0K – $962.6K
NOI $57,757 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$758.1K
$663.4K – $884.5K
NOI $53,069 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$901.1K
$788.5K – $1.05M
NOI $63,079 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Explore this area
Business Placement
Demographics for 07407, NJ
21,422
Population
7,561
Households
2.8
Avg Household Size
41
Median Age
36%
College-Educated
91%
High-School Grad
2.6 sq mi
ZIP Area
8,239
Density / Sq Mi
$100,852
Median Household Income
$51,764
Median Earnings
$2,025
Median Rent
$456,000
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 - Two separate units with dedicated entries and separate utilities, plus a two-car garage and backyard recreation space.
Where is this duplex located?
The property is located at 164 Page St Elmwood Park, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑family home built in 1970 with duplicate layouts in each unit; Each unit has 3 bedrooms, a large living room, dining room, modern eat‑in kitchen, and a full bath; Separate entrances from individual hallways plus separate utilities for each unit
