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Two-Family Home with Garage
For Sale
$790,000
Pending

16 Prospect Street, Hawthorne, NJ 07506

Maintained two-unit property with updated interiors, outdoor space, and nearby commuter transit.

Property SizeContact for details
Days on Market51

Property Features for 16 Prospect Street

General Information

Standard status Pending
Property subtype MULTI_FAMILY

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR
Multifamily Units 2

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $14,377

Amenities

deck
backyard

Building Details

Buildings 1
Listing Agency: Coldwell Banker, Wayne
Listed By: Valantina Zakaria
Source: Tarvinrealtors
Added: Aug 27 Changed: Oct 6 Last Checked: Oct 15 at 8:32AM

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 Coldwell Banker, Wayne

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Investment Insights

Based on property information with market context.

This two-family property combines a three-bedroom, two-bath residence on the first floor with a renovated two-bedroom apartment above. The lower unit includes a living room, updated kitchen with dining area, and access to a Trex deck and private backyard. The upper apartment was renovated in 2024 and offers a skyline view from its living room.

The property includes an attached one-car garage and a driveway accommodating up to four vehicles. Tenants have designated outdoor space, while the backyard provides additional room for use and entertaining. Shopping, dining, parks, and NYC commuter transit options are located nearby. The configuration supports an owner-occupant seeking rental income or an investor evaluating a two-unit residential asset.

Key Highlights

  • Two‑family layout with 3‑bedroom and 2‑bath first‑floor unit
  • Upper 2‑bedroom unit renovated in 2024
  • Trex deck and private backyard with designated tenant outdoor space

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hotel & Motel Parking Lot & Garage Storage Facility Garden Center

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby

Demographics for 07506, NJ

19,637
Population
8,033
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
5,951
Density / Sq Mi
$118,093
Median Household Income
$62,495
Median Earnings
$1,828
Median Rent
$499,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Maintained two-unit property with updated interiors, outdoor space, and nearby commuter transit.
Where is this duplex located?
The property is located at 16 Prospect Street Hawthorne, NJ.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Two‑family layout with 3‑bedroom and 2‑bath first‑floor unit; Upper 2‑bedroom unit renovated in 2024; Trex deck and private backyard with designated tenant outdoor space
More about this property
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