Side-by-Side
New
For Sale
$979,000
891 River Dr, Elmwood Park, NJ 07407
Detached residential income property with central air and forced-air heating.
Property Size3,120 SF
Days on Market4
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Property Features for 891 River Dr
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$11,392
Amenities
Central Air
Forced Air, Natural Gas
Partially Finished
Electric Water Heater, Gas Water Heater
Detached
Duplex-Side by Side
Building Details
Building Size
3,120 SF
Year Built
1782
Listing Agency:
Gild Realty
Listed By:
MAHMOUD IJBARA · License #301508
(646) 764-9599
Source:
Evrealestate
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 1:52AM
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 Gild Realty
Investment Insights
Based on property information with market context.
This detached duplex is configured as a side-by-side residential income property. Interior features include central air and forced-air heating, with natural gas noted as a fuel source. The interior is partially finished, and water heating is listed as both electric and gas.
The property is at 891 River Dr in Elmwood Park Borough, Bergen County, New Jersey. Route 46 provides the stated driving approach to River Dr.
The property is at 891 River Dr in Elmwood Park Borough, Bergen County, New Jersey. Route 46 provides the stated driving approach to River Dr.
Key Highlights
- Detached side‑by‑side duplex
- Central air conditioning
- Forced‑air heating with natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,979
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,580
$959.6K
Cap Rate 7%
$685,414
$685.4K
Cap Rate 9%
$533,100
$533.1K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$93.6K $30.00/SF
− Vacancy
−$6.4K −$2.04/SF
EGI
$87.2K $27.96/SF
− OpEx
−$39.3K −$12.58/SF
NOI
$48.0K $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%
$959,580
Cap Rate 7%
$685,414
Cap Rate 9%
$533,100
Alternative Uses
Best Use
Apartment 5plus
$685.4K
$599.7K – $799.7K
NOI $47,979 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$814.7K
$712.9K – $950.5K
NOI $57,029 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
927
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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Frequently Asked Questions
What type of property is this?
Residential income property - Detached residential income property with central air and forced-air heating.
Where is this residential income property located?
The property is located at 891 River Dr Elmwood Park, NJ.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Detached side‑by‑side duplex; Central air conditioning; Forced‑air heating with natural gas
