Listing Agency: The Agency One Rock-Ridgewood

Listed By: Theodoros Sidiropoulos Show Phone

Source: Drostrealtygroup

Added: Aug 13 Changed: Oct 17 Last Checked: Oct 16 at 2:32PM

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Investment Insights

Based on property information with market context.

This renovated duplex at 465 Oak Avenue provides approximately 1,796 square feet of living space in two separate units. The first-floor residence has two bedrooms, two full baths, a primary suite with private bath, an updated kitchen with quartz counters, new cabinetry, stainless steel appliances, a breakfast nook, in-unit laundry, and a private deck. The upper unit includes one bedroom, one full bath, its own washer and dryer, and a finished attic recreation room.

The property sits on a 50' x 125' lot in Maywood, NJ, with a detached garage, off-street parking, shared yard space, and central air. Shopping, dining, parks, schools, and transportation are nearby. The layout supports owner occupancy, multigenerational living, or an income-focused ownership strategy.

Key Highlights

• Two‑unit duplex with a top‑and‑bottom layout
• First‑floor unit offers 2 bedrooms and 2 full baths
• Second‑floor unit includes 1 bedroom, 1 full bath, and a finished attic recreation room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,058

Cap Rate

3.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$601,160 $601.2K

Cap Rate 7%

$429,400 $429.4K

Cap Rate 9%

$333,978 $334.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,796 SF

Gross rent

$45.9K $25.56/SF

− Vacancy

−$3.0K −$1.65/SF

EGI

$42.9K $23.91/SF

− OpEx

−$12.9K −$7.17/SF

NOI

$30.1K $16.74/SF

Area

Bergen 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%

$601,160

Cap Rate 7%

$429,400

Cap Rate 9%

$333,978

Alternative Uses

Best Use

Multifamily LT 5

$429.4K

$375.7K – $501.0K (±1% cap)

NOI $30,058 @ 7.0% cap · market cap 3.45%

Second Best

Apartment 5plus

$394.6K

$345.2K – $460.3K (±1% cap)

NOI $27,619 @ 7.0% cap · market cap 3.17%

Theoretical Best

Office A

$469.0K

$410.4K – $547.1K (±1% cap)

NOI $32,828 @ 7.0% cap · market cap 3.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Barber Shop Hotel & Motel Catering Service Parking Lot & Garage Garden Center

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

Location Intelligence

Trade Area within ½ mile

1,019

Businesses Nearby

Explore this area Business Placement

Demographics for 07607, NJ

10,080

Population

3,908

Households

2.6

Avg Household Size

43

Median Age

44%

College-Educated

94%

High-School Grad

1.3 sq mi

ZIP Area

7,754

Density / Sq Mi

$119,306

Median Household Income

$64,000

Median Earnings

$1,932

Median Rent

$495,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Top-and-bottom layout includes a two-bedroom unit and a one-bedroom unit with finished attic space.

Where is this duplex located?

The property is located at 465 Oak Avenue Maywood, NJ.

What is the asking price?

The asking price for this property is $870,000.

What are key features of this property?

This property features: Two‑unit duplex with a top‑and‑bottom layout; First‑floor unit offers 2 bedrooms and 2 full baths; Second‑floor unit includes 1 bedroom, 1 full bath, and a finished attic recreation room