Renovated Two-Unit Duplex with Central
For Sale
$995,000
Pending
285 - 287 W Palisades, Englewood, NJ 07631
MULTI_FAMILY - Englewood City, NJ
Property Size3,800 SF
Days on Market160
Property Features for 285 - 287 W Palisades
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 7, Basement, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Parking
3
Directions
Palisades place to west palisades ave.
Standard status
Pending
Size
3,800 SF
Taxes and HOA fees
Tax Year
2005
Tax Annual Amount
8521
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
finished basement
backyard
central air and heating
laundry connections
walk-in closet
finished attic
Building Details
Year built
1913
Number of units
2
Roof type
Rubber, Shingle
Architectural style
Other
Listing Agency:
CENTURY 21 PREFERRED REALTY, INC · Century 21 Real Estate
(908) 688-3311
Listed By:
LEON BROWN
(973) 809-7045
Added: Mar 15
Changed: Aug 18
Last Checked: Aug 21 at 6:06PM
MLS# 4014759
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.
Investment Insights
Based on property information with market context.
285-287 W Palisades is a fully renovated two-unit duplex offering flexible, multi-level living and income-producing options. The property features expansive finished space with marble-style finishes, modern kitchens and baths, and brand-new appliances. Each unit includes four bedrooms and two full baths, for a total of eight bedrooms and four full baths across the home. A third-floor finished attic adds additional space and includes a walk-in closet. The finished basement includes laundry connections and offers expansion possibilities to fit a variety of living or work needs. Central air and forced-air heating provide comfort throughout.
The home includes a backyard and outdoor space, with parking for multiple cars. Utilities include public water and public sewer. The roof is described as shingle and rubber.
Built in 1913, this duplex is configured as a two-family property with substantial interior upgrades and multiple finished levels, making it well-suited for tenants seeking a versatile layout.
The home includes a backyard and outdoor space, with parking for multiple cars. Utilities include public water and public sewer. The roof is described as shingle and rubber.
Built in 1913, this duplex is configured as a two-family property with substantial interior upgrades and multiple finished levels, making it well-suited for tenants seeking a versatile layout.
Key Highlights
- Two‑unit duplex with each unit offering 4 bedrooms and 2 full baths
- 8 bedrooms and 4 full baths total across the property
- 3,800 SF renovated multi‑level duplex with a finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,597
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,271,940
$1.3M
Cap Rate 7%
$908,529
$908.5K
Cap Rate 9%
$706,633
$706.6K
Market Conditions
NOI Build-Up for 3,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$97.1K $25.56/SF
− Vacancy
−$6.3K −$1.65/SF
EGI
$90.9K $23.91/SF
− OpEx
−$27.3K −$7.17/SF
NOI
$63.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,271,940
Cap Rate 7%
$908,529
Cap Rate 9%
$706,633
Alternative Uses
Best Use
Multifamily LT 5
$908.5K
$795.0K – $1.06M
NOI $63,597 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$834.8K
$730.5K – $973.9K
NOI $58,436 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 07631, NJ
29,308
Population
12,047
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
4.9 sq mi
ZIP Area
5,981
Density / Sq Mi
$101,398
Median Household Income
$53,056
Median Earnings
$1,925
Median Rent
$497,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit duplex with central air, forced-air heat, a finished basement with laundry connections, and outdoor space.
Where is this duplex located?
The property is located at 285 - 287 W Palisades Englewood, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑unit duplex with each unit offering 4 bedrooms and 2 full baths; 8 bedrooms and 4 full baths total across the property; 3,800 SF renovated multi‑level duplex with a finished basement
