Two-Story Multifamily
New
For Sale
$499,000
26 Grand Street, Garfield, NJ 07026
A full basement, partly finished attic, and backyard add useful space to this multifamily property.
Property Size1,500 SF
Lot Size0.07 Acres
Price / SF$332.67
Days on Market6
Property Features for 26 Grand Street
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.07 Acres
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,386
Building Details
Stories
2
Listing Agency:
Better Homes and Gardens Real Estate Elite
Listed By:
Jazmine Clausen-Soir · License #1750907
(732) 646-3455
Source:
Drostrealtygroup
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 13 at 1:00AM
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 Better Homes and Gardens Real Estate Elite
Investment Insights
Based on property information with market context.
This two-story multifamily property contains 4 bedrooms and 2 bathrooms across approximately 1,500 square feet. A semi-finished attic and full basement provide additional interior space, while the 3,062-square-foot lot includes a backyard. The property is described as being in excellent condition.
Shopping, dining, parks, and schools are nearby, along with major highways and NJ Transit service. The location also offers access to New York City.
Shopping, dining, parks, and schools are nearby, along with major highways and NJ Transit service. The location also offers access to New York City.
Key Highlights
- 4 bedrooms and 2 bathrooms
- Approximately 1,500 square feet of living space
- Two‑story property with a semi‑finished attic and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,067
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,340
$461.3K
Cap Rate 7%
$329,529
$329.5K
Cap Rate 9%
$256,300
$256.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.0K $30.00/SF
− Vacancy
−$3.1K −$2.04/SF
EGI
$41.9K $27.96/SF
− OpEx
−$18.9K −$12.58/SF
NOI
$23.1K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,340
Cap Rate 7%
$329,529
Cap Rate 9%
$256,300
Alternative Uses
Best Use
Apartment 5plus
$329.5K
$288.3K – $384.5K
NOI $23,067 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 07026, NJ
32,655
Population
12,234
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
15,550
Density / Sq Mi
$75,701
Median Household Income
$44,462
Median Earnings
$1,612
Median Rent
$454,300
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - A full basement, partly finished attic, and backyard add useful space to this multifamily property.
Where is this multifamily property located?
The property is located at 26 Grand Street Garfield, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4 bedrooms and 2 bathrooms; Approximately 1,500 square feet of living space; Two‑story property with a semi‑finished attic and full basement
