Two-Family Home with Two-Car
For Sale
$950,000
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$275.28
Days on Market49
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
Building Details
Year Built
1970
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
STACIA BRUNDA
Source:
Elliman
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 29 at 11:03AM
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 Broker LLC
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.2k | $25.56 |
| − Vacancy | −$5.7k | −$1.65 |
| EGI | $82.5k | $23.91 |
| − OpEx | −$24.8k | −$7.17 |
| NOI | $57.8k | $16.74 |
3,451 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$825.1K
$722.0K – $962.6K
NOI $57,757 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$758.1K
$663.4K – $884.5K
NOI $53,069 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$901.1K
$788.5K – $1.05M
NOI $63,079 @ 7.0% cap · market cap 6.64%
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
1,044
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 $950,000.
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
