Two-Story Duplex with Walk-Out
New
For Sale
$835,000
34 Cottage Pl, Garfield, NJ 07026
Multi-Family, 2-Two Story, Under/Over, Garfield City, NJ
Property Size1,960 SF
Lot Size0.20 Acres
Price / SF$426.02
Days on Market6
Property Features for 34 Cottage Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Basement
Parking
3
Patio and Porch features
Patio
Interior features
Carbon Monoxide Detector, Carpeting, Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Exterior features
Patio, Sidewalk, Storage Shed
Subdivision
Riverside Estates
Lot features
Cul-De-Sac, Level Lot
Directions
River Rd to Cottage
Standard status
Active
Size
1,960 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12520
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1964
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS VILLAGE SQUARE · Keller Williams Realty
Listed By:
MICHAEL SHETLER
(201) 445-4300
Added: Sep 22
Last Checked: Sep 27 at 1:06PM
MLS# 4054320
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.
This 1964 duplex in Garfield City has an over-under layout with two separate residential levels. Each unit includes two bedrooms, one full bathroom, and a dine-in kitchen oriented toward the backyard. A partially finished walk-out basement adds another full bathroom along with flexible lower-level space.
The property occupies a 0.2-acre lot at 34 Cottage Pl in a cul-de-sac setting. Exterior features include a patio, storage shed, sidewalk access, and a deep backyard. The home is served by public water and public sewer, with hot-water baseboard heating and a shingle roof.
The property occupies a 0.2-acre lot at 34 Cottage Pl in a cul-de-sac setting. Exterior features include a patio, storage shed, sidewalk access, and a deep backyard. The home is served by public water and public sewer, with hot-water baseboard heating and a shingle roof.
Key Highlights
- Over‑under duplex with two residential levels
- Each unit includes 2 bedrooms, 1 full bath, and a dine‑in kitchen
- Partially finished walk‑out basement with an additional full bath
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
$32,803
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
3.93%
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%
$656,060
$656.1K
Cap Rate 7%
$468,614
$468.6K
Cap Rate 9%
$364,478
$364.5K
Market Conditions
NOI Build-Up for 1,960 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
$50.1K $25.56/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$46.9K $23.91/SF
− OpEx
−$14.1K −$7.17/SF
NOI
$32.8K $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%
$656,060
Cap Rate 7%
$468,614
Cap Rate 9%
$364,478
Alternative Uses
Best Use
Multifamily LT 5
$468.6K
$410.0K – $546.7K
NOI $32,803 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$430.6K
$376.8K – $502.4K
NOI $30,141 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$511.8K
$447.8K – $597.1K
NOI $35,826 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,245
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential levels each include two bedrooms, a full bath, and a dine-in kitchen.
Where is this duplex located?
The property is located at 34 Cottage Pl Garfield, NJ.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Over‑under duplex with two residential levels; Each unit includes 2 bedrooms, 1 full bath, and a dine‑in kitchen; Partially finished walk‑out basement with an additional full bath
