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Tenant-Occupied Duplex with Garage
For Sale
$750,000

420 Prospect Ave, Dumont, NJ 07628

Two separate residences offer updated kitchens, shared laundry, private storage, and substantial off-street parking.

Property SizeContact for details
Days on Market11

Property Features for 420 Prospect Ave

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $13,000

Amenities

shared laundry
separate storage
storage shed
fenced shared yard

Building Details

Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Terrie O'Connor Realtors-Lake St.
Listed By: Ann DiLonardo · License #10401218939
Source: Exprealty
Added: Sep 9 Changed: Sep 18 Last Checked: Sep 18 at 3:54PM

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 Terrie O'Connor Realtors-Lake St.

Investment Insights

Based on property information with market context.

This tenant-occupied duplex contains two residential units, each with 2 bedrooms and 1 full bath. The first-floor residence includes a living room, eat-in kitchen with white cabinetry and stainless steel appliances, plus a side entry. Upstairs, an open living and dining area connects to an updated kitchen, with pull-down attic access for storage. A front vestibule serves both units.

The walk-out basement provides shared laundry and separate storage areas. Building improvements include newer boiler systems, a newer water heater, and separate gas and electric meters. The property also includes a two-car garage, storage shed, driveway parking, rear parking pad, and a fenced shared yard. The owner pays water. Its configuration supports continued rental use or owner occupancy of one unit with the other leased.

Key Highlights

  • Two tenant‑occupied units, each with 2 bedrooms and 1 full bath
  • Updated kitchens, including stainless steel appliances in the first‑floor unit
  • Two‑car garage, driveway parking, and rear parking pad

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Auto Parts Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

584
Businesses Nearby

Demographics for 07628, NJ

17,863
Population
6,781
Households
2.6
Avg Household Size
43
Median Age
47%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,402
Density / Sq Mi
$125,585
Median Household Income
$60,663
Median Earnings
$1,778
Median Rent
$469,900
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences offer updated kitchens, shared laundry, private storage, and substantial off-street parking.
Where is this duplex located?
The property is located at 420 Prospect Ave Dumont, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two tenant‑occupied units, each with 2 bedrooms and 1 full bath; Updated kitchens, including stainless steel appliances in the first‑floor unit; Two‑car garage, driveway parking, and rear parking pad
More about this property
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