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Two-Family Duplex with Walk-Out Lower Level
New
For Sale
$825,000

490 Westminster Place, Lodi, NJ 07644

Both residential floors offer three bedrooms, separate living and dining rooms, and one-and-a-half baths.

Property SizeContact for details
Lot Size0.11 Acres
Days on Market5

Property Features for 490 Westminster Place

General Information

Standard status Active
Lot size 0.11 Acres
Property subtype MULTI_FAMILY

Units

Unit Mix 2 x 3BR/1.5BA
Multifamily Units 2

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $16,011

Amenities

private yard
concrete patio
summer kitchen
walk-out entrance

Building Details

Year Built 1970
Buildings 1
Construction brick and frame
Listing Agency: Realtyline - Teaneck
Listed By: William Inglima
Source: Tarvinrealtors
Added: Oct 1 Changed: Oct 3 Last Checked: Oct 4 at 5:41PM

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 Realtyline - Teaneck

Investment Insights

Based on property information with market context.

This legal two-family property contains approximately 2,688 square feet across two residential floors, each arranged with a living room, dining area, three bedrooms, one full bath, and one half bath. The finished 1,344-square-foot lower level has a separate walk-out entrance, summer kitchen, and full bathroom. Built in 1970 with brick and frame construction, the home also includes a private yard, an approximately 250-square-foot concrete patio, and driveway parking.

The property occupies a 50-by-100-foot lot in Lodi, just off US Route 46. The lower-level space offers additional flexibility, with any use subject to applicable regulations. The property is being sold as-is.

Key Highlights

  • Legal two‑family property with approximately 2,688 square feet of living space
  • Each residential floor has 3 bedrooms, 1 full bath, and 1 half bath
  • Finished 1,344‑square‑foot lower level with separate walk‑out entrance, summer kitchen, and full bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Garden Center Nursing Home Tattoo & Piercing Shop 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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,208
Businesses Nearby

Demographics for 07644, NJ

26,206
Population
9,864
Households
2.7
Avg Household Size
39
Median Age
28%
College-Educated
85%
High-School Grad
2.3 sq mi
ZIP Area
11,394
Density / Sq Mi
$84,570
Median Household Income
$48,142
Median Earnings
$1,675
Median Rent
$449,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Both residential floors offer three bedrooms, separate living and dining rooms, and one-and-a-half baths.
Where is this duplex located?
The property is located at 490 Westminster Place Lodi, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Legal two‑family property with approximately 2,688 square feet of living space; Each residential floor has 3 bedrooms, 1 full bath, and 1 half bath; Finished 1,344‑square‑foot lower level with separate walk‑out entrance, summer kitchen, and full bathroom
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