Listing Agency: The Agency One Rock-Ridgewood Show Phone

Listed By: Theodoros Sidiropoulos Show Phone

Source: Drostrealtygroup

Added: Aug 13 Changed: Aug 22 Last Checked: Aug 22 at 4:50AM

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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 The Agency One Rock-Ridgewood

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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$30,058

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.45%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$601,160 $601.2K

Cap Rate 7%

$429,400 $429.4K

Cap Rate 9%

$333,978 $334.0K

Market Conditions

NOI Build-Up for 1,796 SF 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.

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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

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.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Barber Shop Real Estate Agency Hotel & Motel Catering Service Parking Lot & Garage Nursing Home

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

Questions? Ask Rey

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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