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Multifamily 312 6th St 2 Unit Apartment Building $1,500,000 ($750,000/Unit) 5.47% Cap Rate Palisades Park, NJ 07650
Investment Highlights
- townhouse zoning
- immediate cashflow
- income producing
Executive Summary
"Turn-key" status, the rental market friendly location Multifamily House for future redevelopment of luxury townhouse! Cap 5.43% to Immediate 6%
Great Investment Opportunity in the Heart of Palisades Park Prime location to maximize your portfolio with this fully renovated, income-producing legal 2-family gem. Located in one of Bergen County’s highest-demand rental markets, this property features two sun-drenched units with bonus one bed on ground floor with modern finishes, brand-new kitchens, and separate utilities. With Palisades Park’s consistently surging rent rates and proximity to Broad Ave’s shopping and dining, this is a 'buy-and-hold' dream. Newer mechanicals and a maintenance-free exterior mean you can start collecting premium rents on day one without the headache of immediate repairs."
This property features a total of 7 bedrooms and 5 bathrooms on a oneway street with plenty of street parking. 1st & 2nd features large living room, formal dining room, eat-in-kitchen w/SS appliances, primary bedroom en-suite with primary bathroom, 2 spacious bedrooms & shared full bath, Hardwood floor throughout,Central A/C system & W/D (2nd FL). In addition, the ground floor includes a summer kitchen, large living space, 1 bedroom, full bath w/stall shower and separate walk-out access. Additional features included 2 car garage, 4 car parking space, 50x100 lot for redevelopment, separate meters for utilities, Conveniently located close to shopping, restaurants, NYC transportation buses & highway access and located with park nearby. Great investment opportunity!
Great Investment Opportunity in the Heart of Palisades Park Prime location to maximize your portfolio with this fully renovated, income-producing legal 2-family gem. Located in one of Bergen County’s highest-demand rental markets, this property features two sun-drenched units with bonus one bed on ground floor with modern finishes, brand-new kitchens, and separate utilities. With Palisades Park’s consistently surging rent rates and proximity to Broad Ave’s shopping and dining, this is a 'buy-and-hold' dream. Newer mechanicals and a maintenance-free exterior mean you can start collecting premium rents on day one without the headache of immediate repairs."
This property features a total of 7 bedrooms and 5 bathrooms on a oneway street with plenty of street parking. 1st & 2nd features large living room, formal dining room, eat-in-kitchen w/SS appliances, primary bedroom en-suite with primary bathroom, 2 spacious bedrooms & shared full bath, Hardwood floor throughout,Central A/C system & W/D (2nd FL). In addition, the ground floor includes a summer kitchen, large living space, 1 bedroom, full bath w/stall shower and separate walk-out access. Additional features included 2 car garage, 4 car parking space, 50x100 lot for redevelopment, separate meters for utilities, Conveniently located close to shopping, restaurants, NYC transportation buses & highway access and located with park nearby. Great investment opportunity!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$95,400
|
$19.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$95,400
|
$19.08
|
| Taxes |
$11,575
|
$2.31
|
| Operating Expenses |
$1,809
|
$0.36
|
| Total Expenses |
$13,384
|
$2.68
|
| Net Operating Income |
$82,016
|
$16.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $95,400 |
| Annual Per SF | $19.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $95,400 |
| Annual Per SF | $19.08 |
| Taxes | |
|---|---|
| Annual | $11,575 |
| Annual Per SF | $2.31 |
| Operating Expenses | |
|---|---|
| Annual | $1,809 |
| Annual Per SF | $0.36 |
| Total Expenses | |
|---|---|
| Annual | $13,384 |
| Annual Per SF | $2.68 |
| Net Operating Income | |
|---|---|
| Annual | $82,016 |
| Annual Per SF | $16.40 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Walk-In Closets
- Carpet
- Basement
- Breakfast Nook
- Dining Room
- Freezer
- Garden
- Instant Hot Water
- Lawn
- Linen Closet
- Patio
- Large Bedrooms
Site Amenities
- Gas Range
- Recycling
- Trash Pickup - Curbside
- Storage Space
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+5 | 2 | $3,500 | 2,820 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45-00402-0000-00003 | Total Assessment | $825,200 |
| Land Assessment | $485,000 | Annual Taxes | $11,575 ($2.31/SF) |
| Improvements Assessment | $340,200 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
45-00402-0000-00003
Land Assessment
$485,000
Improvements Assessment
$340,200
Total Assessment
$825,200
Annual Taxes
$11,575 ($2.31/SF)
Tax Year
2025 Payable 2026
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Multifamily | 312 6th St
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