2-Unit Duplex with Attached
New
For Sale
$1,100,000
76 Prospect Street, Paramus, NJ 07652
Two stacked residences offer separate living areas, an attached garage, and basement storage.
Property Size2,640 SF
Price / SF$416.67
Days on Market5
Property Features for 76 Prospect Street
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,534
Building Details
Buildings
1
Listing Agency:
RE/MAX Properties-Saddle River
Listed By:
Jeana Cowie · License #9235215
(201) 982-2200
Source:
Tarvinrealtors
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 9 at 8:20PM
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 RE/MAX Properties-Saddle River
Investment Insights
Based on property information with market context.
This two-unit duplex has a top-and-bottom layout with 2,640 square feet of living area, six bedrooms, and three full bathrooms. Each residence has a living room, dining area, eat-in kitchen, and three bedrooms. The first-floor unit includes hardwood floors; the second has wall-to-wall carpeting over hardwood. Both units have laundry hookups, with storage space in the unfinished basement. An attached two-car garage adds covered parking.
The property has separate electric panels and gas meters, plus one water meter. The two residences can be occupied separately or rented, as described in the property information.
The property has separate electric panels and gas meters, plus one water meter. The two residences can be occupied separately or rented, as described in the property information.
Key Highlights
- 2,640 square feet across two stacked residences
- Six bedrooms and three full bathrooms
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,184
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,680
$883.7K
Cap Rate 7%
$631,200
$631.2K
Cap Rate 9%
$490,933
$490.9K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$67.5K $25.56/SF
− Vacancy
−$4.4K −$1.65/SF
EGI
$63.1K $23.91/SF
− OpEx
−$18.9K −$7.17/SF
NOI
$44.2K $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%
$883,680
Cap Rate 7%
$631,200
Cap Rate 9%
$490,933
Alternative Uses
Best Use
Multifamily LT 5
$631.2K
$552.3K – $736.4K
NOI $44,184 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$580.0K
$507.5K – $676.6K
NOI $40,598 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$689.4K
$603.2K – $804.3K
NOI $48,255 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 07652, NJ
26,698
Population
8,898
Households
3
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
10.4 sq mi
ZIP Area
2,567
Density / Sq Mi
$139,707
Median Household Income
$66,256
Median Earnings
$2,845
Median Rent
$736,000
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two stacked residences offer separate living areas, an attached garage, and basement storage.
Where is this duplex located?
The property is located at 76 Prospect Street Paramus, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,640 square feet across two stacked residences; Six bedrooms and three full bathrooms; Attached two‑car garage
