Two-Unit Duplex Near Verona
For Sale
$799,999
35 Lakeview Pl, Verona, NJ 07044
Vacant at closing, this two-unit property supports owner occupancy, rental placement, or a combination of both.
Property Size2,366 SF
Price / SF$338.12
Days on Market59
Property Features for 35 Lakeview Pl
General Information
Standard status
Active
Size
2,366 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1901
Buildings
1
Listing Agency:
Nest Seekers New Jersey LLC
Listed By:
Christen Sachs · License #1867425
(732) 330-7803
Source:
Goldstandardrealty
Added: Aug 8
Changed: Sep 12
Last Checked: Oct 4 at 2:25PM
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 Nest Seekers New Jersey LLC
Investment Insights
Based on property information with market context.
Built in 1901, this duplex contains two residential units totaling 2294 sf. The first-floor unit has 2 bedrooms and 1 bathroom, while the second-floor unit includes 4 bedrooms and 1 bathroom. The property is currently owner-occupied and is expected to be delivered vacant at closing, providing flexibility for the next owner’s occupancy or leasing plans.
Located near Verona Park, the property is also within walking distance of downtown Verona’s cafés and shops. NYC transit access adds convenience, while walkability and bikeability are reflected in scores of 88 and 67, respectively.
Located near Verona Park, the property is also within walking distance of downtown Verona’s cafés and shops. NYC transit access adds convenience, while walkability and bikeability are reflected in scores of 88 and 67, respectively.
Key Highlights
- Two‑unit duplex at 35 Lakeview Pl, Verona Twp., NJ 07044‑2008
- 2294 sf combined across two units
- First‑floor unit has 2 beds and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,598
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,960
$792.0K
Cap Rate 7%
$565,686
$565.7K
Cap Rate 9%
$439,978
$440.0K
Market Conditions
NOI Build-Up for 2,366 SF
Gross rent
$60.5K $25.56/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$56.6K $23.91/SF
− OpEx
−$17.0K −$7.17/SF
NOI
$39.6K $16.74/SF
Area
Essex 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%
$791,960
Cap Rate 7%
$565,686
Cap Rate 9%
$439,978
Alternative Uses
Best Use
Multifamily LT 5
$565.7K
$495.0K – $660.0K
NOI $39,598 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$519.8K
$454.8K – $606.4K
NOI $36,384 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,247 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
Explore this area
Business Placement
Demographics for 07044, NJ
14,572
Population
5,997
Households
2.4
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
2.8 sq mi
ZIP Area
5,204
Density / Sq Mi
$159,044
Median Household Income
$85,852
Median Earnings
$2,125
Median Rent
$595,000
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?
Duplex - Vacant at closing, this two-unit property supports owner occupancy, rental placement, or a combination of both.
Where is this duplex located?
The property is located at 35 Lakeview Pl Verona, NJ.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two‑unit duplex at 35 Lakeview Pl, Verona Twp., NJ 07044‑2008; 2294 sf combined across two units; First‑floor unit has 2 beds and 1 bath
