Duplex with Finished
68 Tenafly Road, Englewood, NJ 07631
For Sale
$949,900
Two-level residential income property with additional finished attic rooms, outdoor space, and recent improvements.
Property Size5,400 SF
Lot Size0.40 Acres
Price / SF$175.91
Days on Market55
Property Features for 68 Tenafly Road
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Business Included
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
Casa Real Property Group LLC
Listed By:
Nancy Pavic · License #242229
(973) 684-3088
Source:
Tarvinrealtors
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 8 at 1:49PM
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 Casa Real Property Group LLC
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Investment Insights
Based on property information with market context.
This duplex occupies an oversized 50-by-171-foot lot and provides distinct living areas across two primary units. The first-floor residence includes 2 bedrooms, 2 full bathrooms, living space, and a wrap-around porch. The second-floor unit contains 3 bedrooms. A fully finished attic adds 3 rooms and a full bathroom; the attic renovation was completed in 2025.
Exterior work completed in 2021 includes a newer driveway, fencing, and professionally built garden walls. The property is within walking distance of Downtown Englewood, where restaurants, shopping, entertainment, and theater are located. Public transportation and major roadways are nearby, with New York City approximately 20 minutes away.
Exterior work completed in 2021 includes a newer driveway, fencing, and professionally built garden walls. The property is within walking distance of Downtown Englewood, where restaurants, shopping, entertainment, and theater are located. Public transportation and major roadways are nearby, with New York City approximately 20 minutes away.
Key Highlights
- Duplex on an oversized 50x171 lot
- First‑floor unit includes 2 bedrooms and 2 full bathrooms
- Second‑floor unit offers 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,041
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,820
$1.7M
Cap Rate 7%
$1,186,300
$1.2M
Cap Rate 9%
$922,678
$922.7K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$162.0K $30.00/SF
− Vacancy
−$11.0K −$2.04/SF
EGI
$151.0K $27.96/SF
− OpEx
−$67.9K −$12.58/SF
NOI
$83.0K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,820
Cap Rate 7%
$1,186,300
Cap Rate 9%
$922,678
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,375 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $83,041 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,703 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
Explore this area
Business Placement
Demographics for 07631, NJ
29,308
Population
12,047
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
4.9 sq mi
ZIP Area
5,981
Density / Sq Mi
$101,398
Median Household Income
$53,056
Median Earnings
$1,925
Median Rent
$497,500
Median Home Value
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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-level residential income property with additional finished attic rooms, outdoor space, and recent improvements.
Where is this duplex located?
The property is located at 68 Tenafly Road Englewood, NJ.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Duplex on an oversized 50x171 lot; First‑floor unit includes 2 bedrooms and 2 full bathrooms; Second‑floor unit offers 3 bedrooms
