Two-Family Home with In-Ground
54 Haverhill Ave Woodland Park, NJ 07424
For Sale
$949,000
MULTI_FAMILY - Woodland Park, NJ
Property Size2,730 SF
Price / SF$347.62
Days on Market28
Property Features for 54 Haverhill Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 2
- Standard status
- Active
- Size
- 2,730 SF
Building Details
- Year built
- 1963
Listing Agency:
BHHS Fox & Roach Montclair Sales Office
(973) 744-5544
Listed By:
Steven Betts
(201) 919-6120
Added: Jun 27
Changed: Jul 23
Last Checked: Jul 24 at 1:06AM
MLS# 4037393
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This large two-family home is configured as two separate units, each offering nearly 1,400 square feet with oversized rooms. Both units include a large living room, three bedrooms, an eat-in kitchen, in-unit laundry, hardwood floors, ample storage, and separate utilities. The first-floor unit also offers central A/C, access to a ground-floor basement with an additional bonus room, storage, a secondary full bathroom, and a kitchenette, along with a 1-car garage.
The property is nicely situated on a quiet street in Woodland Park, NJ, with mountain views noted as part of the setting. Outside, there is a fenced backyard and a Gunite in-ground pool designed for warm-weather enjoyment.
For buyers seeking an owner-occupied income property, the two separate units with distinct utilities can support flexible living and rental arrangements. The combination of in-unit laundry, hardwood floors, and additional basement space in the first-floor unit provides practical day-to-day functionality, while the fenced outdoor area and pool add a tangible home-focused amenity.
The property is nicely situated on a quiet street in Woodland Park, NJ, with mountain views noted as part of the setting. Outside, there is a fenced backyard and a Gunite in-ground pool designed for warm-weather enjoyment.
For buyers seeking an owner-occupied income property, the two separate units with distinct utilities can support flexible living and rental arrangements. The combination of in-unit laundry, hardwood floors, and additional basement space in the first-floor unit provides practical day-to-day functionality, while the fenced outdoor area and pool add a tangible home-focused amenity.
Key Highlights
- 2‑family home built in 1963 on a quiet street with mountain views
- Both units feature nearly 1,400 SF with large living rooms, 3 bedrooms, and an eat‑in kitchen
- Each unit offers in‑unit laundry, hardwood floors, ample storage, and separate utilities
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.8k | $25.56 |
| − Vacancy | −$4.5k | −$1.65 |
| EGI | $65.3k | $23.91 |
| − OpEx | −$19.6k | −$7.17 |
| NOI | $45.7k | $16.74 |
2,730 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$652.7K
$571.1K – $761.5K
NOI $45,690 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$599.7K
$524.8K – $699.7K
NOI $41,982 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$712.9K
$623.8K – $831.7K
NOI $49,900 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Spacious two-unit setup with in-unit laundry and separate utilities, plus a fenced backyard with an in-ground pool.
Where is this duplex located?
The property is located at 54 Haverhill Ave Woodland Park, NJ.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 2‑family home built in 1963 on a quiet street with mountain views; Both units feature nearly 1,400 SF with large living rooms, 3 bedrooms, and an eat‑in kitchen; Each unit offers in‑unit laundry, hardwood floors, ample storage, and separate utilities
