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Renovated Duplex with Finished Basement
For Sale
$1,219,000

497 Oakdene Avenue, Ridgefield, NJ 07657

Renovated two-family property with separate entrances, dedicated utilities, laundry, garage, and driveway parking.

Property SizeContact for details
Lot Size0.15 Acres
Days on Market38

Property Features for 497 Oakdene Avenue

General Information

Standard status Active
Total Parking Spaces 5
Lot size 0.15 Acres
Property subtype MULTI_FAMILY

Site & Location

Public Transit Yes
Utilities to Site Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $15,610

Amenities

air conditioning
laundry
backyard garden
barbecue grill

Building Details

Buildings 1
Tenancy Single
Listing Agency: Realty Min LLC
Listed By: David J. Min
Source: Serhant
Added: Jul 24 Changed: Aug 29 Last Checked: Aug 26 at 6:48AM

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 Realty Min LLC

Investment Insights

Based on property information with market context.

This renovated duplex includes hardwood flooring, a two-car garage, and three driveway parking spaces. The finished basement adds two bedrooms, a full bathroom, and a separate kitchen, with access from the first floor and outdoors. The second-floor tenant area has its own side entrance, while the owner occupies the first floor, part of the second floor, and the basement.

Separate heat, gas, electric service, air-conditioning units, and laundry are provided for each apartment. Recent property updates include a new boiler and a roof that is 4 years old. The backyard features a garden and built-in barbecue grill. The property is located on Oakdene Avenue in Ridgefield, with bus service to NYC at the doorstep and shopping, worship, and schools nearby.

Key Highlights

  • 6700 SQ FT two‑family property
  • Finished basement with 2 bedrooms, 1 full bath, and separate kitchen
  • 2‑car garage plus 3 driveway parking spaces

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm (Bike/Boat/Book/etc) Store Pet Store Real Estate Agency Pet Store & 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
Single-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,079
Businesses Nearby

Demographics for 07657, NJ

11,473
Population
4,192
Households
2.7
Avg Household Size
41
Median Age
47%
College-Educated
93%
High-School Grad
2.5 sq mi
ZIP Area
4,589
Density / Sq Mi
$115,676
Median Household Income
$59,044
Median Earnings
$1,935
Median Rent
$609,700
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?
Duplex - Renovated two-family property with separate entrances, dedicated utilities, laundry, garage, and driveway parking.
Where is this duplex located?
The property is located at 497 Oakdene Avenue Ridgefield, NJ.
What is the asking price?
The asking price for this property is $1,219,000.
What are key features of this property?
This property features: 6700 SQ FT two‑family property; Finished basement with 2 bedrooms, 1 full bath, and separate kitchen; 2‑car garage plus 3 driveway parking spaces
More about this property
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