Two-Unit
New
For Sale
$899,000
7 Grant Street, Elmwood Park, NJ 07407
Separate living areas include a stair-free apartment, private outdoor space, and a two-car garage.
Property Size2,540 SF
Price / SF$353.94
Days on Market6
Property Features for 7 Grant Street
General Information
Standard status
Active
Size
2,540 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,798
Amenities
gas fireplace
wine fridge
granite counters
breakfast island
stainless steel appliances
white shaker cabinetry
central air
forced hot air heat
ground-floor laundry
fenced yard
brick patio
storage shed
Building Details
Year Built
2019
Buildings
1
Listing Agency:
Aldo's Realty
Listed By:
Justin W. Marchese III
(551) 404-1022
Source:
Tarvinrealtors
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 6 at 12:05AM
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
Investment Insights
Based on property information with market context.
Built in 2019, this 2,540-square-foot duplex contains two residences. The larger unit has three bedrooms and two bathrooms, including a primary suite, along with an open living and dining area and a kitchen with a breakfast island, granite counters, stainless steel appliances, and a wine fridge. Hardwood flooring, recessed lighting, a gas fireplace, and ground-floor laundry are also included. The second residence is on the ground level, has no stairs, and offers two bedrooms, one bathroom, and an open living, dining, and kitchen layout.
Both units have central air conditioning and forced hot air heat. The property also includes a two-car garage, a vinyl-fenced yard, a brick patio, and a storage shed. Parks, shopping, and transportation to New York City are nearby.
Both units have central air conditioning and forced hot air heat. The property also includes a two-car garage, a vinyl-fenced yard, a brick patio, and a storage shed. Parks, shopping, and transportation to New York City are nearby.
Key Highlights
- Two‑family property built in 2019 with 2,540 square feet
- Main unit has 3 bedrooms and 2 bathrooms; ground‑level unit has 2 bedrooms and 1 bathroom
- Ground‑level apartment has no stairs and an open living, dining, and kitchen layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,510
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,200
$850.2K
Cap Rate 7%
$607,286
$607.3K
Cap Rate 9%
$472,333
$472.3K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$64.9K $25.56/SF
− Vacancy
−$4.2K −$1.65/SF
EGI
$60.7K $23.91/SF
− OpEx
−$18.2K −$7.17/SF
NOI
$42.5K $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%
$850,200
Cap Rate 7%
$607,286
Cap Rate 9%
$472,333
Alternative Uses
Best Use
Multifamily LT 5
$607.3K
$531.4K – $708.5K
NOI $42,510 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$558.0K
$488.3K – $651.0K
NOI $39,060 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,427 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
981
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas include a stair-free apartment, private outdoor space, and a two-car garage.
Where is this duplex located?
The property is located at 7 Grant Street Elmwood Park, 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‑family property built in 2019 with 2,540 square feet; Main unit has 3 bedrooms and 2 bathrooms; ground‑level unit has 2 bedrooms and 1 bathroom; Ground‑level apartment has no stairs and an open living, dining, and kitchen layout
