2-4 Family Home For Sale in Palisades Park, NJ
MLS# : 24035211
PROPERTY DETAILS
PROPERTY DESCRIPTION
Excellent Investment Opportunity in a Prime Location! Built in 2004, this sun filled, 3,568 sqft (basement not included) spacious, and quiet 2-family house is ideally located within walking distance to the NYC Express Bus stop and Broad Ave, offering both convenience and appeal. Each unit features an open-concept layout with hardwood floors throughout, three bedrooms, two full baths, and a modern eat-in kitchen with custom cabinetry, granite countertops, and a spacious dining area. Both units have private deck space and an in-unit washer/dryer. The first and second floors have the same layout. The ground floor boasts a 936 sqft generously sized unit, twice the size of the others, with a large studio area, summer kitchen, full bath, and a separate entrance offering both privacy and versatility. An attached 2-car garage provides direct indoor access, while central A/C and gas-operated baseboard heating. Ample walk-in closets. This brick 2 family house is perfect for investors.
Amenities
Close/Parks, Close/School, Close/Trans, Close/Wrshp
This listing is a courtesy of Keller Williams Town Life
(201) 894-8004 office, listing agent Yiran Ju
About Palisades Park, NJ Real Estate Market
The foundation of Palisades Park as a modern borough got laid in 1899 under an act of the New Jersey Legislature. A few portions of Ridgefield Township got included for the formation of Palisades Park, which seeks inspiration from its location, which is at the top of New Jersey Palisades.
As said above, it is densely inhabited by Koreans, which form around 65 per cent of the total population of the borough. The borough is also known as ‘Little Korea’ and ‘Koreatown on the Hudson’ by the American natives. Even the central business district located around Broad Avenue is known as Koreatown due to the rich ethnicity of Koreans in the area. In 2015, a proposal for changing the name of Broad Avenue to ‘Korea Way’ was introduced by the Korean-American Association of Palisades Park to the mayor of the town. The influence of Korean culture is evident in this part of New Jersey real estate too.
| Population: | 19,622 |
| Total Housing Units: | 7,362 |
| Single Family Homes: | 3,547 |
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
| Compare To Other Towns |
Palisades Park Market Indicators
PRICE INDEX
| Average Price* (12mo): | $798,811 |
| Homes Sold* (12mo): | 21 |
SINGLE FAMILY HOME SALES
Palisades Park, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $459,000 - 1,529,007 | 5 avail |
| Condos : | $309,000 - 1,380,000 | 14 avail |
| Co-ops : | - | |
| Twnhs : | $859,000 - 1,349,999 | 8 avail |
| 2-4 Fam : | $779,000 - 1,950,000 | 9 avail |
| 5+ Fam : | - | |
| Land : | $4,000,000 - 4,000,000 | 1 avail |
| Rentals : | $1,800 - 6,500 | 46 avail |
| Mixd Use : | $1,890,000 - 1,890,000 | 1 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $110,000 - 2,300,000 | 9 avail |
