Duplex with Two-Car
For Sale
$889,000
37 Hazelview Ave, Clifton, NJ 07011
Both residences feature newer kitchens, updated appliances, and refreshed flooring.
Property Size1,736 SF
Price / SF$512.10
Days on Market55
Property Features for 37 Hazelview Ave
General Information
Standard status
Active
Size
1,736 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Amenities
Wood Floors
FencVnyl
Building Details
Building Size
1,736 SF
Year Built
1980
Units
2
Listing Agency:
Werner Realty
(973) 657-9222
Listed By:
Lisa Taormina
(201) 951-6963
Source:
Cammarotarealestate
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 26 at 3:56AM
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 Werner Realty
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Investment Insights
Based on property information with market context.
This 1,736-square-foot duplex contains two residences, each with open living areas, a newer kitchen, updated appliances, and refreshed flooring. The property also includes a two-car garage and additional driveway parking. Exterior improvements include landscaped grounds, upgraded walkways, and hardscaping.
Located at 37 Hazelview Ave in Clifton, the property is near highway access, transit options, parks, and shopping. Built in 1980, it offers two residential units with updated interior finishes and on-site parking.
Located at 37 Hazelview Ave in Clifton, the property is near highway access, transit options, parks, and shopping. Built in 1980, it offers two residential units with updated interior finishes and on-site parking.
Key Highlights
- Two residential units in a 1,736‑square‑foot duplex
- Two‑car garage plus additional driveway parking
- Newer kitchens, updated appliances, and refreshed flooring in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,054
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,080
$581.1K
Cap Rate 7%
$415,057
$415.1K
Cap Rate 9%
$322,822
$322.8K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$44.4K $25.56/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.5K $23.91/SF
− OpEx
−$12.5K −$7.17/SF
NOI
$29.1K $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%
$581,080
Cap Rate 7%
$415,057
Cap Rate 9%
$322,822
Alternative Uses
Best Use
Multifamily LT 5
$415.1K
$363.2K – $484.2K
NOI $29,054 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$381.4K
$333.7K – $444.9K
NOI $26,696 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$453.3K
$396.6K – $528.9K
NOI $31,731 @ 7.0% cap · market cap 3.57%
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
659
Businesses Nearby
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Business Placement
Demographics for 07011, NJ
41,691
Population
14,198
Households
2.9
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
3.1 sq mi
ZIP Area
13,449
Density / Sq Mi
$73,589
Median Household Income
$41,323
Median Earnings
$1,613
Median Rent
$403,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature newer kitchens, updated appliances, and refreshed flooring.
Where is this duplex located?
The property is located at 37 Hazelview Ave Clifton, NJ.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Two residential units in a 1,736‑square‑foot duplex; Two‑car garage plus additional driveway parking; Newer kitchens, updated appliances, and refreshed flooring in both residences
