Two-Unit Duplex with
For Sale
$599,000
505 Schuyler Ave, North Arlington, NJ 07031
Separate residences offer one- and two-bedroom layouts, with a partially finished basement and outdoor space.
Property Size2,167 SF
Price / SF$276.42
Days on Market11
Property Features for 505 Schuyler Ave
General Information
Standard status
Active
Size
2,167 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
yard
patio
Curbs
Partially Fenced
Patio
Sidewalk
Building Details
Building Size
2,167 SF
Year Built
1936
Units
2
Listing Agency:
Star Real Estate Agency
Listed By:
Rachel Deanna Milito · License #299046
(201) 997-7900
Source:
Cammarotarealestate
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 22 at 2:17PM
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 Star Real Estate Agency
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Investment Insights
Based on property information with market context.
This duplex contains two apartments with distinct layouts. The first-floor residence has one bedroom, a full bathroom, an eat-in kitchen with pantry, and a living room; recent interior work includes fresh paint and new carpeting in the living room. The second apartment occupies two floors and includes two bedrooms, one bathroom, an eat-in kitchen, and a living room. A partially finished basement provides washer and dryer access.
The property includes a two-car garage, parking for two vehicles, a yard, and a patio. Tenants cover electricity, while the owner pays for heat and hot water. Built in 1936, the building contains 2,167 square feet.
The property includes a two-car garage, parking for two vehicles, a yard, and a patio. Tenants cover electricity, while the owner pays for heat and hot water. Built in 1936, the building contains 2,167 square feet.
Key Highlights
- Two apartments: one with 1 bedroom and the other with 2 bedrooms
- First‑floor unit has a full bath, pantry, and refreshed living room finishes
- Two‑floor apartment includes an eat‑in kitchen and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,267
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,340
$725.3K
Cap Rate 7%
$518,100
$518.1K
Cap Rate 9%
$402,967
$403.0K
Market Conditions
NOI Build-Up for 2,167 SF
Gross rent
$55.4K $25.56/SF
− Vacancy
−$3.6K −$1.65/SF
EGI
$51.8K $23.91/SF
− OpEx
−$15.5K −$7.17/SF
NOI
$36.3K $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 Rate 5%
$725,340
Cap Rate 7%
$518,100
Cap Rate 9%
$402,967
Alternative Uses
Best Use
Multifamily LT 5
$518.1K
$453.3K – $604.5K
NOI $36,267 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$476.1K
$416.6K – $555.4K
NOI $33,324 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$565.8K
$495.1K – $660.2K
NOI $39,609 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
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Business Placement
Demographics for 07031, NJ
16,457
Population
6,986
Households
2.4
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,583
Density / Sq Mi
$101,493
Median Household Income
$64,840
Median Earnings
$1,706
Median Rent
$464,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer one- and two-bedroom layouts, with a partially finished basement and outdoor space.
Where is this duplex located?
The property is located at 505 Schuyler Ave North Arlington, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two apartments: one with 1 bedroom and the other with 2 bedrooms; First‑floor unit has a full bath, pantry, and refreshed living room finishes; Two‑floor apartment includes an eat‑in kitchen and living room
