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2-Family Duplex With Attached Garage
For Sale
$1,650,000

505 3rd St, Palisades Park, NJ 07650

Two residential units offer a practical configuration with private parking and an attached garage.

Property SizeContact for details
Days on Market127

Property Features for 505 3rd St

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $18,019

Amenities

private parking
attached garage

Building Details

Buildings 1
Listing Agency: The Agency One Rock-Fort Lee
Listed By: Sara Shin
Source: Exprealty
Added: Apr 13 Changed: Aug 14 Last Checked: Aug 16 at 10:39AM

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-Fort Lee

Investment Insights

Based on property information with market context.

This 2-family duplex in Palisades Park, New Jersey, includes two residential units arranged within a duplex-style property. Private parking and an attached garage provide useful on-site vehicle accommodations, while the layout supports separate household living spaces. The property is offered in as-is condition.

Located at 505 3rd St, the property is near shopping, dining, parks, schools, and transportation. Its residential income-property classification and two-unit configuration suit buyers evaluating a duplex for occupancy or rental use.

Key Highlights

  • Two‑family duplex with two residential units
  • Attached garage included
  • Private parking on the property

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nursing Home Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon 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

2,111
Businesses Nearby

Demographics for 07650, NJ

20,292
Population
7,612
Households
2.7
Avg Household Size
40
Median Age
54%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
16,910
Density / Sq Mi
$101,295
Median Household Income
$50,817
Median Earnings
$1,976
Median Rent
$704,400
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 - Two residential units offer a practical configuration with private parking and an attached garage.
Where is this duplex located?
The property is located at 505 3rd St Palisades Park, NJ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two‑family duplex with two residential units; Attached garage included; Private parking on the property
More about this property
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