Vacant-Delivery Two-Unit
New
For Sale
$839,000
35 Lakeview Place, Verona, NJ 07044
MULTI_FAMILY - Verona, NJ
Property Size2,366 SF
Lot Size0.16 Acres
Price / SF$354.61
Days on Market2
Property Features for 35 Lakeview Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 6, Basement, Bathroom 2, Bedroom 3, Bedroom 5
Basement
Full
Directions
Right or left off Bloomfield Ave
Standard status
Active
APN
20-00612-0000-00024
Size
2,366 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13587
Utilities
Sewer type
Public Sewer
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Nest Seekers New Jersey LLC
(732) 454-0392
Listed By:
Christen Sachs · License #1867425
(732) 454-0392
Added: Aug 5
Last Checked: Aug 6 at 12:06AM
MLS# 22624192
Copyright © 2026 More MLS. 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 two-unit duplex in Verona, NJ, offers separate residential layouts within a classic 1901 structure. The first-floor residence includes 2 bedrooms and 1 bathroom, while the second-floor unit has 4 bedrooms and 1 bathroom. A basement, shingle roof, public water, and public sewer are also part of the property. The recorded property size is 2366 square feet on a 0.16-acre lot.
The property is currently owner-occupied and is expected to be delivered vacant at closing, allowing the next owner to determine the occupancy arrangement. Its Lakeview Place address places it near Verona Park, with downtown Verona cafes and shops described as being within walking distance. NYC transit access is also identified in the property information.
The property is currently owner-occupied and is expected to be delivered vacant at closing, allowing the next owner to determine the occupancy arrangement. Its Lakeview Place address places it near Verona Park, with downtown Verona cafes and shops described as being within walking distance. NYC transit access is also identified in the property information.
Key Highlights
- Two‑unit duplex with 2‑bedroom and 4‑bedroom residences
- Delivered vacant at closing; currently owner‑occupied
- 2366 square feet on a 0.16‑acre lot
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.5k | $25.56 |
| − Vacancy | −$3.9k | −$1.65 |
| EGI | $56.6k | $23.91 |
| − OpEx | −$17.0k | −$7.17 |
| NOI | $39.6k | $16.74 |
2,366 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$565.7K
$495.0K – $660.0K
NOI $39,598 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$519.8K
$454.8K – $606.4K
NOI $36,384 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,247 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
963
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
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 - Two residences provide distinct layouts, with public utilities and a basement included in the property.
Where is this duplex located?
The property is located at 35 Lakeview Place Verona, NJ.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Two‑unit duplex with 2‑bedroom and 4‑bedroom residences; Delivered vacant at closing; currently owner‑occupied; 2366 square feet on a 0.16‑acre lot
