Two-Unit Duplex with Private
New
For Sale
$850,000
164 Page St, Elmwood Park, NJ 07407
Multi-Family, 2-Two Story, Under/Over, Elmwood Park Boro, NJ
Property Size3,451 SF
Lot Size0.09 Acres
Price / SF$246.31
Days on Market5
Property Features for 164 Page St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 6
Parking
2
Security features
Security System
Patio and Porch features
Patio
Interior features
Carpeting, Intercom, Security System, Skylight, Smoke Detector, Wood Floors
Exterior features
Barbeque, Curbs, Gazebo, MetalFnc, Patio, PoolAbov, Sidewalk
Lot features
Level Lot
Directions
River Drive to Martha Ave to Page Street or RT 46 E to Mill Street to Martha Ave to Page Street
Standard status
Active
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14793
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Central Air, Ductless, Ceiling Fan(s)
Water source
Public
Amenities
fenced backyard
patio
soft-top gazebo
natural gas grill
above-ground heated saltwater pool
laundry for each unit
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Additional Structures
Gazebo
Listing Agency:
REAL
(855) 450-0442
Listed By:
JAMES KLIMKO
(973) 607-2001
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 2 at 1:06PM
MLS# 4055586
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.
Investment Insights
Based on property information with market context.
This 1970 duplex contains two residences with matching layouts, each offering a living room, dining area, eat-in kitchen, three bedrooms and a full bathroom. Hardwood floors and updated lighting and Kohler fixtures are among the interior details. The upper residence also has a bathroom skylight and attic access. At grade level, a recreation room, kitchenette, powder room, laundry areas for both units and utility room connect to a heated two-car garage. Each residence has its own entrance and separate utilities; water is served by one meter. Heating is gas baseboard. Cooling includes wall units in one residence, central air in the other and a mini-split at grade level.
The fenced outdoor area includes a patio, gazebo, natural-gas grill and heated above-ground saltwater pool. The paved driveway accommodates two vehicles. Mass transit, Route 46 bus service, Plauderville Station and major roadways are identified as nearby access options.
The fenced outdoor area includes a patio, gazebo, natural-gas grill and heated above-ground saltwater pool. The paved driveway accommodates two vehicles. Mass transit, Route 46 bus service, Plauderville Station and major roadways are identified as nearby access options.
Key Highlights
- Two residences, each with three bedrooms and a full bathroom
- 3,451 sq ft building on a 0.09‑acre lot
- Grade level includes recreation space, kitchenette, laundry areas and a heated two‑car garage
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
6.79%
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 6.79%
Second Best
Apartment 5plus
$758.1K
$663.4K – $884.5K
NOI $53,069 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$901.1K
$788.5K – $1.05M
NOI $63,079 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a three-bedroom layout, while shared grade-level space adds recreation and backyard access.
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 $850,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms and a full bathroom; 3,451 sq ft building on a 0.09‑acre lot; Grade level includes recreation space, kitchenette, laundry areas and a heated two‑car garage
