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Second-Floor Multifamily Apartment
For Lease
$3,950/Mo

488 Cedar Lane, Paramus, NJ 07652

Three-bedroom rental with private outdoor space, garage access, and ample vehicle parking.

Space SizeContact for details
Days on Market12

Property Features for 488 Cedar Lane

General Information

Standard status Active
Total Parking Spaces 6
Property subtype 2 Family

Amenities

private deck
patio
use of the yard
washer and dryer in basement
Listing Agency: The Agency One Rock-Paramus
Listed By: Aylin Erik
Source: Tarvinrealtors
Added: Aug 6 Changed: Aug 14 Last Checked: Aug 16 at 2:15PM

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-Paramus

Investment Insights

Based on property information with market context.

Located on the second floor of a two-family home, this rental includes 3 bedrooms and 2 full baths. Interior improvements include fresh paint, new carpeting, and new blinds, along with an eat-in kitchen and generous storage. A washer and dryer are situated in the basement for convenient household use.

Outdoor features include a private deck, patio, and access to the yard. The property also provides a one-car garage and parking for up to five additional vehicles. Shopping, restaurants, parks, schools, and major highways are located nearby.

Key Highlights

  • 3 bedrooms and 2 full baths
  • Second‑floor apartment in a two‑family home
  • Fresh paint, new carpeting, and new blinds

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Accounting Firm (Bike/Boat/Book/etc) Store Law Firm Auto Parts Store Catering Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

345
Businesses Nearby

Demographics for 07652, NJ

26,698
Population
8,898
Households
3
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
10.4 sq mi
ZIP Area
2,567
Density / Sq Mi
$139,707
Median Household Income
$66,256
Median Earnings
$2,845
Median Rent
$736,000
Median Home Value

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?
Multifamily property - Three-bedroom rental with private outdoor space, garage access, and ample vehicle parking.
Where is this multifamily property located?
The property is located at 488 Cedar Lane Paramus, NJ.
What is the lease rate?
The lease rate is $3,950/Mo.
What are key features of this property?
This property features: 3 bedrooms and 2 full baths; Second‑floor apartment in a two‑family home; Fresh paint, new carpeting, and new blinds
More about this property
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