2-Unit Duplex with Finished
551 Schuyler Avenue, North Arlington, NJ 07031
For Sale
New
$899,000
Multi-Family, 2-Two Story, North Arlington Boro, NJ
Property Size2,244 SF
Lot Size0.12 Acres
Price / SF$400.62
Days on Market3
Property Features for 551 Schuyler Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Exterior features
Fencing
Lot features
Elementary school
Middle school
High school
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Buildings
Listing Agency:
KELLER WILLIAMS - NJ METRO GROUP · Keller Williams Realty
Listed By:
WILLIAM BARRAZA · License NJ #294185
(973) 783-7400
Added: Nov 12
Last Checked: Nov 14 at 2:06AM
MLS# 4064490
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with 3 bedrooms and 1 full bathroom. A finished basement adds another full bathroom. The property measures 2,244 square feet on a 0.12-acre lot and is zoned R1.
Side-street access is available from Noel Dr. Outdoor features include a fenced yard and a tandem garage with space for two cars in a single-width configuration.
Side-street access is available from Noel Dr. Outdoor features include a fenced yard and a tandem garage with space for two cars in a single-width configuration.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bathroom
- Finished basement with an additional full bathroom
- 2,244‑square‑foot property on a 0.12‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,556
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,120
$751.1K
Cap Rate 7%
$536,514
$536.5K
Cap Rate 9%
$417,289
$417.3K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$57.4K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$53.7K $23.91/SF
− OpEx
−$16.1K −$7.17/SF
NOI
$37.6K $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%
$751,120
Cap Rate 7%
$536,514
Cap Rate 9%
$417,289
Alternative Uses
Best Use
Multifamily LT 5
$536.5K
$469.5K – $625.9K
NOI $37,556 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$493.0K
$431.4K – $575.1K
NOI $34,508 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$586.0K
$512.7K – $683.6K
NOI $41,017 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in North Arlington
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and a full bathroom, while the finished basement includes another full bathroom.
Where is this duplex located?
The property is located at 551 Schuyler Avenue North Arlington, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bathroom; Finished basement with an additional full bathroom; 2,244‑square‑foot property on a 0.12‑acre lot
