Two-Unit Duplex with Attached
New
For Sale
$899,000
262 Lee Street, Elmwood Park, NJ 07407
A ground-level apartment has a separate entrance, two bedrooms, a living room and an eat-in kitchen.
Property Size2,512 SF
Lot Size0.12 Acres
Price / SF$357.88
Days on Market3
Property Features for 262 Lee Street
General Information
Standard status
Active
Size
2,512 SF
Total Parking Spaces
4
Lot size
0.12 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
3BR main residence, 2BR apartment
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,144
Amenities
central air conditioning
skylights
deck
fenced backyard
storage shed
koi pond
Building Details
Buildings
1
Listing Agency:
Aldo's Realty
Listed By:
Justin W. Marchese III
(551) 404-1022
Source:
Drostrealtygroup
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 11:12PM
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 Aldo's Realty
Investment Insights
Based on property information with market context.
This two-unit duplex in Elmwood Park provides approximately 2,512 square feet of living space, with five bedrooms and three full bathrooms. The main residence has three bedrooms, including a primary suite with a private bathroom and walk-in closet. Its layout includes an open living and dining area, a kitchen with an island, and a family room with skylights. The ground-level apartment has a separate entrance, two bedrooms, a living room and an eat-in kitchen.
The property includes central air conditioning, an attached two-car garage and a two-car driveway. A vinyl deck overlooks the fenced backyard, which also features a storage shed and koi pond. The lot measures 54 x 100. Parks, shopping and NYC transportation are nearby.
The property includes central air conditioning, an attached two-car garage and a two-car driveway. A vinyl deck overlooks the fenced backyard, which also features a storage shed and koi pond. The lot measures 54 x 100. Parks, shopping and NYC transportation are nearby.
Key Highlights
- Two‑unit duplex with five bedrooms and three full bathrooms
- Approximately 2,512 square feet of living space
- Ground‑level apartment includes a private entrance, two bedrooms, living room and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,041
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,820
$840.8K
Cap Rate 7%
$600,586
$600.6K
Cap Rate 9%
$467,122
$467.1K
Market Conditions
NOI Build-Up for 2,512 SF
Gross rent
$64.2K $25.56/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$60.1K $23.91/SF
− OpEx
−$18.0K −$7.17/SF
NOI
$42.0K $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 Rate 5%
$840,820
Cap Rate 7%
$600,586
Cap Rate 9%
$467,122
Alternative Uses
Best Use
Multifamily LT 5
$600.6K
$525.5K – $700.7K
NOI $42,041 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$551.9K
$482.9K – $643.8K
NOI $38,630 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$655.9K
$573.9K – $765.3K
NOI $45,915 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
721
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
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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?
Duplex - A ground-level apartment has a separate entrance, two bedrooms, a living room and an eat-in kitchen.
Where is this duplex located?
The property is located at 262 Lee Street Elmwood Park, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit duplex with five bedrooms and three full bathrooms; Approximately 2,512 square feet of living space; Ground‑level apartment includes a private entrance, two bedrooms, living room and eat‑in kitchen
