Renovated Duplex with
508 2nd Street, Carlstadt, NJ 07072
For Sale
$820,000
Multi-Family, Carlstadt, NJ
Property Size3,322 SF
Lot Size0.12 Acres
Price / SF$246.84
Days on Market51
Property Features for 508 2nd Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Basement
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
covered patio
backyard
partially finished basement
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
RE/MAX Homeland Realtors · RE/MAX International
Listed By:
David Borrero · License #1430125
(732) 462-2222
Added: Sep 20
Changed: Oct 28
Last Checked: Nov 9 at 5:06AM
MLS# 22629819
Copyright © 2026 More MLS. 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 duplex includes a fully renovated first-floor residence with updated flooring, a new kitchen with quartz countertops and appliances, and a completely renewed bathroom. The layout includes recessed lighting, multiple flooring types, baseboard heat, multi-unit cooling, and a partially finished basement. The upper residence is currently rented and offers three bedrooms and one full bathroom. Outdoor improvements include a covered patio, spacious backyard, private driveway, and a two-car garage, with additional carport, off-street, and on-street parking options. Built in 1900, the property contains 3,322 square feet on a 0.12-acre lot. Public water and sewer serve the property, while cable is available. The home is located in Carlstadt, Bergen County, near major highways, restaurants, shopping, and local activities.
Key Highlights
- 3,322‑square‑foot duplex on a 0.12‑acre lot
- Renovated first‑floor residence with new kitchen, quartz countertops, appliances, flooring, and bathroom
- Upper unit is currently rented and includes 3 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,598
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,960
$1.1M
Cap Rate 7%
$794,257
$794.3K
Cap Rate 9%
$617,756
$617.8K
Market Conditions
NOI Build-Up for 3,322 SF
Gross rent
$84.9K $25.56/SF
− Vacancy
−$5.5K −$1.65/SF
EGI
$79.4K $23.91/SF
− OpEx
−$23.8K −$7.17/SF
NOI
$55.6K $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%
$1,111,960
Cap Rate 7%
$794,257
Cap Rate 9%
$617,756
Alternative Uses
Best Use
Multifamily LT 5
$794.3K
$695.0K – $926.6K
NOI $55,598 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$729.8K
$638.6K – $851.4K
NOI $51,086 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$867.4K
$759.0K – $1.01M
NOI $60,721 @ 7.0% cap · market cap 7.41%
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
1,211
Businesses Nearby
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Business Placement
Demographics for 07072, NJ
6,372
Population
2,733
Households
2.3
Avg Household Size
42
Median Age
32%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
1,634
Density / Sq Mi
$94,854
Median Household Income
$49,563
Median Earnings
$1,503
Median Rent
$523,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Bergen County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with an updated lower residence, a rented upper unit, outdoor space, and dedicated parking.
Where is this duplex located?
The property is located at 508 2nd Street Carlstadt, NJ.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: 3,322‑square‑foot duplex on a 0.12‑acre lot; Renovated first‑floor residence with new kitchen, quartz countertops, appliances, flooring, and bathroom; Upper unit is currently rented and includes 3 bedrooms and 1 full bathroom
