Two-Unit Duplex with
New
For Sale
$649,000
505 Schuyler Ave, North Arlington, NJ 07031
Multi-Family, Under/Over, North Arlington Boro, NJ
Property Size2,167 SF
Lot Size0.10 Acres
Price / SF$299.49
Days on Market2
Property Features for 505 Schuyler Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 2, Bedroom 1
Parking
2
Patio and Porch features
Patio
Exterior features
Curbs, Partially Fenced, Patio, Sidewalk
Fencing
Partial
Directions
google maps
Standard status
Active
Size
2,167 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11291
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Other (Heating), Hot Water(Heating)
Water source
Public
Amenities
washer/dryer
yard
patio
Building Details
Year built
1936
Number of units
2
Roof type
Shingle, Flat
Architectural style
Other
Listing Agency:
STAR REAL ESTATE AGENCY
(201) 997-7900
Listed By:
RACHEL DEANNA MILITO · License #299046
(201) 321-3220
Added: Oct 16
Last Checked: Oct 17 at 1:06PM
MLS# 4059588
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,167-square-foot duplex contains two apartments with distinct layouts. The first-floor unit has one bedroom, a full bathroom, a living room, and an eat-in kitchen with pantry. The second apartment occupies two floors and includes two bedrooms, one bathroom, a living room, and an eat-in kitchen. A partially finished basement has washer and dryer connections. The property also includes a two-car garage, two additional parking spaces, a yard, and a patio. Built in 1936, the home is served by public water and public sewer.
Tenants cover electric service, while the owner pays for heat and hot water. The first-floor living room has new carpeting, and that apartment has been freshly painted.
Tenants cover electric service, while the owner pays for heat and hot water. The first-floor living room has new carpeting, and that apartment has been freshly painted.
Key Highlights
- Two apartments: a one‑bedroom first‑floor unit and a two‑bedroom residence across two levels
- 2,167 square feet on a 0.1‑acre lot
- Two‑car garage plus two parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,267
Cap Rate
5.59%
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 5.59%
Second Best
Apartment 5plus
$476.1K
$416.6K – $555.4K
NOI $33,324 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$565.8K
$495.1K – $660.2K
NOI $39,609 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
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 apartments provide a one-bedroom first-floor layout and a two-bedroom residence across the upper two levels.
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 $649,000.
What are key features of this property?
This property features: Two apartments: a one‑bedroom first‑floor unit and a two‑bedroom residence across two levels; 2,167 square feet on a 0.1‑acre lot; Two‑car garage plus two parking spaces
