Two-Unit Duplex with Separate
New
For Sale
$719,000
24 Merselis Ave, Clifton, NJ 07011
Independent utility service and unfinished attic and basement areas add functional flexibility to the two-unit layout.
Property Size2,204 SF
Price / SF$326.23
Days on Market2
Property Features for 24 Merselis Ave
General Information
Standard status
Active
Size
2,204 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Individually Metered Utilities
water
Building Details
Year Built
1926
Listing Agency:
JK REALTY
Listed By:
Joseph Siano · License #398965
(973) 563-1449
Source:
Srrealestategroup
Added: Nov 1
Last Checked: Nov 1 at 3:28PM
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 JK REALTY
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Investment Insights
Based on property information with market context.
This Clifton duplex contains 2,204 square feet, with four bedrooms and two full bathrooms arranged across two units. Separate entrances and individual utility service, including two water meters, support distinct occupancy. A one-car garage provides parking or storage, while unfinished attic and basement areas offer additional space. The property was built in 1926.
The home is across from a park-like setting and near major highways and the parkway.
The home is across from a park-like setting and near major highways and the parkway.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 full baths
- Separate entrances and utility service, including two individual water meters
- 2,204 square feet; built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,887
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,740
$737.7K
Cap Rate 7%
$526,957
$527.0K
Cap Rate 9%
$409,856
$409.9K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$56.3K $25.56/SF
− Vacancy
−$3.6K −$1.65/SF
EGI
$52.7K $23.91/SF
− OpEx
−$15.8K −$7.17/SF
NOI
$36.9K $16.74/SF
Area
Passaic 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%
$737,740
Cap Rate 7%
$526,957
Cap Rate 9%
$409,856
Alternative Uses
Best Use
Multifamily LT 5
$527.0K
$461.1K – $614.8K
NOI $36,887 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$484.2K
$423.7K – $564.9K
NOI $33,893 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$575.5K
$503.6K – $671.4K
NOI $40,286 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
Explore this area
Business Placement
Demographics for 07011, NJ
41,691
Population
14,198
Households
2.9
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
13,449
Density / Sq Mi
$73,589
Median Household Income
$41,323
Median Earnings
$1,613
Median Rent
$403,200
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 - Independent utility service and unfinished attic and basement areas add functional flexibility to the two-unit layout.
Where is this duplex located?
The property is located at 24 Merselis Ave Clifton, NJ.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 full baths; Separate entrances and utility service, including two individual water meters; 2,204 square feet; built in 1926
