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Duplex with Finished Basement
For Sale
$1,195,000

241 Hope Street, Ridgewood, NJ 07450

Two three-bedroom apartments feature hardwood floors, gas fireplaces, laundry, and separate utilities.

Property SizeContact for details
Days on Market8

Property Features for 241 Hope Street

General Information

Standard status Active
Total Parking Spaces 1
Property subtype MULTI_FAMILY

Units

Unit Mix 2 x 3BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $17,005

Amenities

hardwood floors
gas fireplace
full basement
laundry
deck
backyard
stone patio
separate utilities
finished basement
attic access

Building Details

Buildings 1
Listing Agency: Coldwell Banker, Wyckoff/Franklin Lakes
Listed By: Elizabeth Sytsma
Source: Tarvinrealtors
Added: Sep 25 Changed: Oct 2 Last Checked: Oct 1 at 5:26PM

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, Wyckoff/Franklin Lakes

Investment Insights

Based on property information with market context.

This duplex contains two apartments, each with three bedrooms, hardwood flooring, a gas fireplace, a full basement, and laundry. The property has six bedrooms and 3.5 baths overall, plus a one-car garage and separate utilities. Unit A includes a finished basement with a full bath and attic access via pull-down stairs.

Outdoor features include a deck, stone patio, and backyard. The property is near downtown Ridgewood, local schools, and transportation.

Key Highlights

  • Two apartments, each with three bedrooms
  • Six bedrooms and 3.5 baths overall
  • Hardwood floors and a gas fireplace in each apartment

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Catering Service Tattoo & Piercing Shop Carpet & Flooring Store

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

2,493
Businesses Nearby

Demographics for 07450, NJ

26,007
Population
9,166
Households
2.8
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
5.8 sq mi
ZIP Area
4,484
Density / Sq Mi
$217,250
Median Household Income
$102,692
Median Earnings
$2,340
Median Rent
$882,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom apartments feature hardwood floors, gas fireplaces, laundry, and separate utilities.
Where is this duplex located?
The property is located at 241 Hope Street Ridgewood, NJ.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two apartments, each with three bedrooms; Six bedrooms and 3.5 baths overall; Hardwood floors and a gas fireplace in each apartment
More about this property
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