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Two-Family Residential Income Property
For Lease
$1,850/Mo

506 Smith Place, Ridgewood, NJ 07450

One-bedroom unit includes laundry access, ground-floor storage, and a shared deck.

Space SizeContact for details
Days on Market12

Property Features for 506 Smith Place

General Information

Standard status Active
Property subtype 2 Family

Additional Details

Available From Immediate
Utilities to Site Yes

Amenities

laundry
storage
deck
Listing Agency: Coldwell Banker, Ridgewood
Listed By: Jane Ferlanti
Source: Tarvinrealtors
Added: Aug 6 Changed: Aug 14 Last Checked: Aug 16 at 3:58PM

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 Coldwell Banker, Ridgewood

Investment Insights

Based on property information with market context.

This residential income property includes a one-bedroom apartment within a two-family building. The unit features laundry, a small storage area on the ground floor, and access to a deck shared with the first-floor tenant. A separate driveway extends along the property and is designated for the second-floor tenant’s use.

The owner covers water and hot water, while the tenant is responsible for electric and gas service. Two air conditioners will be provided, and a newer fence is located at the end of the driveway. The property is located at 506 Smith Place in Ridgewood, New Jersey.

Key Highlights

  • One‑bedroom apartment in a two‑family building
  • Laundry and small ground‑floor storage included
  • Separate driveway designated for the second‑floor tenant

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

203
Businesses Nearby

Demographics for 07450, NJ

26,007
Population
9,166
Households
2.8
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
5.8 sq mi
ZIP Area
4,484
Density / Sq Mi
$217,250
Median Household Income
$102,692
Median Earnings
$2,340
Median Rent
$882,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - One-bedroom unit includes laundry access, ground-floor storage, and a shared deck.
Where is this residential income property located?
The property is located at 506 Smith Place Ridgewood, NJ.
What is the lease rate?
The lease rate is $1,850/Mo.
What are key features of this property?
This property features: One‑bedroom apartment in a two‑family building; Laundry and small ground‑floor storage included; Separate driveway designated for the second‑floor tenant
More about this property
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