Two-Unit Duplex with Fenced
For Sale
$750,000
Pending
66 Ray St, Elmwood Park, NJ 07407
Two separate residences feature hardwood floors, eat-in kitchens, and a partially finished basement.
Property Size1,680 SF
Lot Size0.14 Acres
Days on Market53
Property Features for 66 Ray St
General Information
Standard status
Pending
Size
1,680 SF
Lot size
0.14 Acres
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
partially finished basement
large fenced backyard
off-street parking
Building Details
Buildings
1
Listing Agency:
Aldo's Realty
Listed By:
Justin Marchese (551) 404-1022
(201) 262-0200
Source:
Brentsellsnj
Added: Aug 27
Changed: Oct 15
Last Checked: Oct 16 at 9:14AM
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 Aldo's Realty
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Investment Insights
Based on property information with market context.
This two-family duplex contains 1,680 sq. ft. with two distinct living units, each configured with 2 bedrooms and 1 full bath. Interior features include hardwood flooring, eat-in kitchens, comfortable living areas, and front and rear dormers that expand the upper-level layout. A partially finished basement adds usable flexibility.
The property occupies a 6, 000 sq. ft. lot on a dead-end street in Elmwood Park, NJ. A fenced backyard provides private outdoor space, while the long driveway supplies off-street parking. Newer roofing, siding, and windows are among the notable improvements. The address is near parks, shopping, and NYC transportation.
The property occupies a 6, 000 sq. ft. lot on a dead-end street in Elmwood Park, NJ. A fenced backyard provides private outdoor space, while the long driveway supplies off-street parking. Newer roofing, siding, and windows are among the notable improvements. The address is near parks, shopping, and NYC transportation.
Key Highlights
- Two‑unit duplex with 1,680 sq. ft. of living space
- Each unit includes 2 bedrooms and 1 full bath
- Set on a 6, 000 sq. ft. lot along a dead‑end street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,117
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,340
$562.3K
Cap Rate 7%
$401,671
$401.7K
Cap Rate 9%
$312,411
$312.4K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$42.9K $25.56/SF
− Vacancy
−$2.8K −$1.65/SF
EGI
$40.2K $23.91/SF
− OpEx
−$12.1K −$7.17/SF
NOI
$28.1K $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%
$562,340
Cap Rate 7%
$401,671
Cap Rate 9%
$312,411
Alternative Uses
Best Use
Multifamily LT 5
$401.7K
$351.5K – $468.6K
NOI $28,117 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$369.1K
$322.9K – $430.6K
NOI $25,835 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$438.7K
$383.9K – $511.8K
NOI $30,708 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 07407, NJ
21,422
Population
7,561
Households
2.8
Avg Household Size
41
Median Age
36%
College-Educated
91%
High-School Grad
2.6 sq mi
ZIP Area
8,239
Density / Sq Mi
$100,852
Median Household Income
$51,764
Median Earnings
$2,025
Median Rent
$456,000
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 - Two separate residences feature hardwood floors, eat-in kitchens, and a partially finished basement.
Where is this duplex located?
The property is located at 66 Ray St Elmwood Park, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 sq. ft. of living space; Each unit includes 2 bedrooms and 1 full bath; Set on a 6, 000 sq. ft. lot along a dead‑end street
