Duplex with Enclosed
New
For Sale
$499,000
127 Anderson Ave, Wallington, NJ 07057
Multi-Family, 2-Two Story, Under/Over, Wallington Boro, NJ
Property Size1,450 SF
Lot Size0.07 Acres
Price / SF$344.14
Days on Market3
Property Features for 127 Anderson Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Basement
Parking
3
Directions
Main to Anderson
Standard status
Active
Size
1,450 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7870
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Amenities
enclosed three-season front porch
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS VILLAGE SQUARE · Keller Williams Realty
Listed By:
NENA COLLIGAN
(201) 445-4300
Added: Oct 20
Last Checked: Oct 22 at 12:06AM
MLS# 4060121
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.
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Investment Insights
Based on property information with market context.
This 1,450-square-foot duplex contains two apartments, each arranged with two bedrooms and one full bathroom. Both units have living rooms, eat-in kitchens, and enclosed three-season porches. The first-floor apartment also includes a washer and dryer and direct basement access. A one-car garage and driveway provide off-street parking. The property sits on a 0.07-acre lot and was built in 1920.
NYC bus service is available at the corner. The building has public water and public sewer, with hot water and baseboard heating. The property is being sold in as-is condition.
NYC bus service is available at the corner. The building has public water and public sewer, with hot water and baseboard heating. The property is being sold in as-is condition.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- 1,450 square feet on a 0.07‑acre lot
- Enclosed three‑season porch for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,267
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,340
$485.3K
Cap Rate 7%
$346,671
$346.7K
Cap Rate 9%
$269,633
$269.6K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$37.1K $25.56/SF
− Vacancy
−$2.4K −$1.65/SF
EGI
$34.7K $23.91/SF
− OpEx
−$10.4K −$7.17/SF
NOI
$24.3K $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%
$485,340
Cap Rate 7%
$346,671
Cap Rate 9%
$269,633
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.3K – $404.5K
NOI $24,267 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$318.5K
$278.7K – $371.6K
NOI $22,298 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$378.6K
$331.3K – $441.7K
NOI $26,504 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,263
Businesses Nearby
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Business Placement
Demographics for 07057, NJ
11,868
Population
5,153
Households
2.3
Avg Household Size
41
Median Age
37%
College-Educated
93%
High-School Grad
1.0 sq mi
ZIP Area
11,868
Density / Sq Mi
$82,422
Median Household Income
$53,693
Median Earnings
$1,568
Median Rent
$493,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has two bedrooms, a full bath, and a private enclosed porch for additional usable space.
Where is this duplex located?
The property is located at 127 Anderson Ave Wallington, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; 1,450 square feet on a 0.07‑acre lot; Enclosed three‑season porch for each apartment
