Two-Unit Duplex with
279 Legion Pl, Haledon, NJ 07508
For Sale
New
$799,900
Multi-Family, 2-Two Story, Under/Over, Haledon Boro, NJ
Property Size2,272 SF
Lot Size0.12 Acres
Price / SF$352.07
Days on Market4
Property Features for 279 Legion Pl
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Listing Agency:
PREMIER PROPERTIES DAMIANO GROUP
Listed By:
MICHAEL W. DEPSEE
(973) 256-0303
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 4063999
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1998, this 2,272-square-foot duplex contains two apartments, each with three bedrooms and two full bathrooms. The first-floor unit has central air conditioning. A full, unfinished walkout basement provides additional storage, and a separate electric meter serves the shared areas. The property occupies a 0.12-acre lot in Haledon Borough, New Jersey.
Each apartment has separate gas and electric service, its own forced-air heating system, and dedicated garage parking. Both units are occupied by long-term tenants. Public water and sewer serve the property.
Each apartment has separate gas and electric service, its own forced-air heating system, and dedicated garage parking. Both units are occupied by long-term tenants. Public water and sewer serve the property.
Key Highlights
- Two apartments, each with 3 bedrooms and 2 full bathrooms
- 2,272 square feet on a 0.12‑acre lot
- Built in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,025
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,500
$760.5K
Cap Rate 7%
$543,214
$543.2K
Cap Rate 9%
$422,500
$422.5K
Market Conditions
NOI Build-Up for 2,272 SF
Gross rent
$58.1K $25.56/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$54.3K $23.91/SF
− OpEx
−$16.3K −$7.17/SF
NOI
$38.0K $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%
$760,500
Cap Rate 7%
$543,214
Cap Rate 9%
$422,500
Alternative Uses
Best Use
Multifamily LT 5
$543.2K
$475.3K – $633.8K
NOI $38,025 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$499.1K
$436.7K – $582.3K
NOI $34,939 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$593.3K
$519.1K – $692.2K
NOI $41,529 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
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Business Placement
Demographics for 07508, NJ
23,959
Population
8,608
Households
2.8
Avg Household Size
39
Median Age
30%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
4,792
Density / Sq Mi
$94,611
Median Household Income
$47,295
Median Earnings
$1,749
Median Rent
$444,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Passaic County, NJ
Properties on Market for Duplexes in Passaic County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have separate utilities, individual forced-air systems, and dedicated garage parking.
Where is this duplex located?
The property is located at 279 Legion Pl Haledon, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 2 full bathrooms; 2,272 square feet on a 0.12‑acre lot; Built in 1998
