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Two-Unit Duplex with Garage
New
For Sale
$750,000

420 S Prospect Ave Unit 1240, Bergenfield, NJ 07621

Both residences are tenant occupied, with separate gas and electric meters.

Property SizeContact for details
Days on Market2

Property Features for 420 S Prospect Ave Unit 1240

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Units

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

Amenities

shared laundry
storage shed
fenced shared yard

Building Details

Year Built 1948
Tenancy Multi
Listing Agency: TERRIE O'CONNOR REALTORS
Listed By: ANN MARIE DILONARDO · License #10401218939
Source: Luminancerealty
Added: Oct 4 Last Checked: Oct 4 at 2:41PM

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

Investment Insights

Based on property information with market context.

Built in 1948, this duplex contains two tenant-occupied residences. Each has two bedrooms and one full bathroom. The first-floor home includes a living room, an updated eat-in kitchen with white cabinetry and stainless steel appliances, and a side entrance. Upstairs, an open living and dining area accompanies an updated kitchen; a pull-down attic provides storage. A shared walk-out basement includes laundry and separate storage areas.

The property also has newer boiler systems, a newer water heater, a two-car garage, a storage shed, driveway parking, a rear parking pad, and a fenced shared yard. Gas and electric service are separately metered; the landlord pays for water. Shopping, dining, transportation, and major roads are nearby.

Key Highlights

  • Two residences, each with 2 bedrooms and 1 full bathroom
  • Both units are tenant occupied
  • Separate gas and electric meters; landlord pays water

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) 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

539
Businesses Nearby

Demographics for 07621, NJ

28,321
Population
9,677
Households
2.9
Avg Household Size
40
Median Age
48%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
9,766
Density / Sq Mi
$124,083
Median Household Income
$54,499
Median Earnings
$1,744
Median Rent
$469,200
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences are tenant occupied, with separate gas and electric meters.
Where is this duplex located?
The property is located at 420 S Prospect Ave Unit 1240 Bergenfield, 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 residences, each with 2 bedrooms and 1 full bathroom; Both units are tenant occupied; Separate gas and electric meters; landlord pays water
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