50 Columbia Ave · Palisades Park, NJ 07650

$1,150,000

8 bd · 5.0 ba · — sqft · MultiFamily · 223 Days on market

7,055 sqft lot

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Appreciation +10.0/10.0
• Cash flow +8.1/30.0
• ARV discount +7.5/15.0
• Livability +4.1/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

* SHORT SALE, SELLING IN AS-IS CONDITION, BANK APPROVED * A RARE AND UNIQUE PROPERTY OF HIGH INVESTMENT POTENTIAL. HARDWOOD FLOORS THROUGHOUT THE HOUSE. THE 1ST FLOOR IS USED AS AN HERBAL MEDICINE DOCTOR OFFICE. THE OFFICE HAS MANY PREPARATION ROOMS FOR CLIENTELE. TWO TREATMENT ROOMS AND ONE FULL BATHROOM WITH ACCESSIBLE FEATURES. ATTACHED IS A ONE CAR GARAGE. THE SECOND FLOOR HAS THREE BEDROOMS WITH ONE AND A HALF BATH. ALSO CONVENIENTLY A LOFT AND DECK. THE BASEMENT IS FINISHED WITH A FULL BATHROOM. THERE IS AN OIL TANK THAT IS LOCATED ABOVE GROUND.

Key facts

• 7,055 sq ft lot
• Garage
• Listed 223 days

Property features AI

Finance

• Financial info: Annual tax amount listed (not included per instructions)

Exterior

• Parking: Three parking spaces total; One-car garage
• Utilities: Natural gas available and connected; Electricity connected; Water connected
• Home design: Residential income property (multi-family)
• Construction: Multi-family construction
• Exterior features: Irregular 7,055 sqft lot

Interior

• Bathrooms: Five full bathrooms
• Interior features: Total of 11 rooms
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 2 × 4-bed/2.5-bath units multifamily listed at $1.15M.

Deal economics

• At list price, monthly cash flow is $-1k ($-13k/yr) — negative. Per door: $-559/mo.
• To cash-flow at today's rent, offer at most $988k (14.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $865k (24.8% below list).
• Recommended offer: $865k (24.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 82/100 on livability (#48 in NJ, #1,217 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: cost of living F.
• Palisades Park School District (suburban): math 18% / reading 37% proficiency, ranked #360 of 472 in NJ (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Lindbergh Elementary School (math 20% / reading 35%, grade F, #789 of 1,303 statewide, top 61%, 769 students, 59% FRL); Palisades Park Jr-Sr High School (math 16% / reading 40%, grade F, #304 of 399 statewide, top 77%, 745 students, 44% FRL) — zoned schools average 52% FRL vs 32% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 38 active listings in the ZIP; solid renter incomes; 3,488 units permitted in Bergen County in 2024 (1,610 in 5+ unit buildings).
• At $8,646/mo this rent would consume 110% of the median local household income ($95k/yr) (locally 1235% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $123k of equity ($8k loan paydown + $115k appreciation (10.0% local appreciation)).
• Bergen County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$198k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 223 days — a 12% lower offer ($1.01M) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $515k; list at $1.15M implies a 123% gain — meaningful room to come down on a strong offer.

Recommended offer $864,600 (24.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 223 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.75% ✗
• Cap rate: 5.13%
• Cash-on-cash: -4.16%
• DSCR: 0.81
• GRM: 11.1

CMA / ARV

No comps found within radius.

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
52 Harwood Ter	0.15mi	8/5.0	—	14mo	$2,250,000	—	69
67 W Harwood Ter	0.18mi	8/5.0	—	14mo	$2,200,000	—	68
100 Harwood Ter	0.30mi	7/6.0 (-1)	—	1mo	$1,700,000	—	63
119 E Edsall Ave	0.33mi	8/5.0	—	16mo	$1,400,000	—	58
220 8th St	0.62mi	8/6.0	—	1mo	$2,204,000	—	54
122 E Brinkerhoff Ave	0.45mi	7/4.5 (-1)	—	16mo	$1,850,000	—	46
261 3rd St	0.42mi	7/4.5 (-1)	—	22mo	$1,300,000	—	43
535 Lowe Ave	0.71mi	8/5.0	—	18mo	$999,900	—	39
681 Broad Ave	0.54mi	7/4.0 (-1)	—	23mo	$1,270,000	—	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.3%
• Equity multiple: 2.72×
• Total profit: $555,305
• Equity at exit: $1,036,011

10-year hold

• IRR: 19.3%
• Equity multiple: 6.25×
• Total profit: $1,691,490
• Equity at exit: $2,234,197

Cash invested: $322,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 07650

• Home prices YoY: 4.0%
• Active inventory: 38
• Price-to-rent: 22.2×

Monthly cashflow live

• Estimated rent: $8,646 high
• Mortgage (P&I): −$6,031
• Tax est. 1.5%: −$1,438 /mo · $17,250/yr
• Insurance: −$479
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,816
• Net cashflow: $-1,117

Break-even live

Break-even rent $10,060

Max offer price $988,361

Occupancy floor —

Sensitivity live

Price	-10% $-322	-5% $-720	+0% $-1,117	+5% $-1,514	+10% $-1,912
Rent	-10% $-1,800	-5% $-1,459	+0% $-1,117	+5% $-776	+10% $-434
Rate	-1.0pp $-538	-0.5pp $-825	base $-1,117	+0.5pp $-1,415	+1.0pp $-1,718

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	4	2.5	$8,646
Total (2 units)			$8,646

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $287,500
• Closing costs: $34,500
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-21
   days on market $1,150,000 Active 223 DOM
2. 2026-06-18
   days on market $1,150,000 Active 220 DOM
3. 2026-06-17
   days on market $1,150,000 Active 219 DOM
4. 2026-06-16
   days on market $1,150,000 Active 218 DOM
5. 2026-06-15
   days on market $1,150,000 Active 217 DOM
6. 2026-06-13
   days on market $1,150,000 Active 215 DOM
7. 2026-06-09
   days on market $1,150,000 Active 211 DOM
8. 2026-06-08
   days on market $1,150,000 Active 210 DOM
9. 2026-06-07
   days on market $1,150,000 Active 209 DOM
10. 2026-06-04
    days on market $1,150,000 Active 206 DOM
11. 2026-06-03
    days on market $1,150,000 Active 205 DOM
12. 2026-06-02
    days on market $1,150,000 Active 204 DOM
13. 2026-06-01
    days on market $1,150,000 Active 203 DOM
14. 2026-05-31
    days on market $1,150,000 Active 202 DOM
15. 2025-11-20
    status Active
16. 2025-10-15
    status Pending
17. 2025-10-05
    listed $1,150,000 Active
18. 2022-12-19
    historical
19. 2022-01-25
    historical
20. 2021-07-22
    listed $829,000 Active
21. 2018-11-20
    price $515,000 558-char remark

    Show marketing remark (558 chars)

    * SHORT SALE, SELLING IN AS-IS CONDITION, BANK APPROVED * A RARE AND UNIQUE PROPERTY OF HIGH INVESTMENT POTENTIAL. HARDWOOD FLOORS THROUGHOUT THE HOUSE. THE 1ST FLOOR IS USED AS AN HERBAL MEDICINE DOCTOR OFFICE. THE OFFICE HAS MANY PREPARATION ROOMS FOR CLIENTELE. TWO TREATMENT ROOMS AND ONE FULL BATHROOM WITH ACCESSIBLE FEATURES. ATTACHED IS A ONE CAR GARAGE. THE SECOND FLOOR HAS THREE BEDROOMS WITH ONE AND A HALF BATH. ALSO CONVENIENTLY A LOFT AND DECK. THE BASEMENT IS FINISHED WITH A FULL BATHROOM. THERE IS AN OIL TANK THAT IS LOCATED ABOVE GROUND.

22. 2018-02-28
    soldstatus $515,000 Sold 558-char remark

    Show marketing remark (558 chars)

    * SHORT SALE, SELLING IN AS-IS CONDITION, BANK APPROVED * A RARE AND UNIQUE PROPERTY OF HIGH INVESTMENT POTENTIAL. HARDWOOD FLOORS THROUGHOUT THE HOUSE. THE 1ST FLOOR IS USED AS AN HERBAL MEDICINE DOCTOR OFFICE. THE OFFICE HAS MANY PREPARATION ROOMS FOR CLIENTELE. TWO TREATMENT ROOMS AND ONE FULL BATHROOM WITH ACCESSIBLE FEATURES. ATTACHED IS A ONE CAR GARAGE. THE SECOND FLOOR HAS THREE BEDROOMS WITH ONE AND A HALF BATH. ALSO CONVENIENTLY A LOFT AND DECK. THE BASEMENT IS FINISHED WITH A FULL BATHROOM. THERE IS AN OIL TANK THAT IS LOCATED ABOVE GROUND.

23. 2018-01-18
    historical Under Contract 558-char remark

    Show marketing remark (558 chars)

    * SHORT SALE, SELLING IN AS-IS CONDITION, BANK APPROVED * A RARE AND UNIQUE PROPERTY OF HIGH INVESTMENT POTENTIAL. HARDWOOD FLOORS THROUGHOUT THE HOUSE. THE 1ST FLOOR IS USED AS AN HERBAL MEDICINE DOCTOR OFFICE. THE OFFICE HAS MANY PREPARATION ROOMS FOR CLIENTELE. TWO TREATMENT ROOMS AND ONE FULL BATHROOM WITH ACCESSIBLE FEATURES. ATTACHED IS A ONE CAR GARAGE. THE SECOND FLOOR HAS THREE BEDROOMS WITH ONE AND A HALF BATH. ALSO CONVENIENTLY A LOFT AND DECK. THE BASEMENT IS FINISHED WITH A FULL BATHROOM. THERE IS AN OIL TANK THAT IS LOCATED ABOVE GROUND.

24. 2017-04-04
    price $500,000 558-char remark

    Show marketing remark (558 chars)

    * SHORT SALE, SELLING IN AS-IS CONDITION, BANK APPROVED * A RARE AND UNIQUE PROPERTY OF HIGH INVESTMENT POTENTIAL. HARDWOOD FLOORS THROUGHOUT THE HOUSE. THE 1ST FLOOR IS USED AS AN HERBAL MEDICINE DOCTOR OFFICE. THE OFFICE HAS MANY PREPARATION ROOMS FOR CLIENTELE. TWO TREATMENT ROOMS AND ONE FULL BATHROOM WITH ACCESSIBLE FEATURES. ATTACHED IS A ONE CAR GARAGE. THE SECOND FLOOR HAS THREE BEDROOMS WITH ONE AND A HALF BATH. ALSO CONVENIENTLY A LOFT AND DECK. THE BASEMENT IS FINISHED WITH A FULL BATHROOM. THERE IS AN OIL TANK THAT IS LOCATED ABOVE GROUND.

25. 2016-07-11
    price $629,000 558-char remark

    Show marketing remark (558 chars)

    * SHORT SALE, SELLING IN AS-IS CONDITION, BANK APPROVED * A RARE AND UNIQUE PROPERTY OF HIGH INVESTMENT POTENTIAL. HARDWOOD FLOORS THROUGHOUT THE HOUSE. THE 1ST FLOOR IS USED AS AN HERBAL MEDICINE DOCTOR OFFICE. THE OFFICE HAS MANY PREPARATION ROOMS FOR CLIENTELE. TWO TREATMENT ROOMS AND ONE FULL BATHROOM WITH ACCESSIBLE FEATURES. ATTACHED IS A ONE CAR GARAGE. THE SECOND FLOOR HAS THREE BEDROOMS WITH ONE AND A HALF BATH. ALSO CONVENIENTLY A LOFT AND DECK. THE BASEMENT IS FINISHED WITH A FULL BATHROOM. THERE IS AN OIL TANK THAT IS LOCATED ABOVE GROUND.

26. 2015-05-21
    listed $699,000 Active 558-char remark

    Show marketing remark (558 chars)

    * SHORT SALE, SELLING IN AS-IS CONDITION, BANK APPROVED * A RARE AND UNIQUE PROPERTY OF HIGH INVESTMENT POTENTIAL. HARDWOOD FLOORS THROUGHOUT THE HOUSE. THE 1ST FLOOR IS USED AS AN HERBAL MEDICINE DOCTOR OFFICE. THE OFFICE HAS MANY PREPARATION ROOMS FOR CLIENTELE. TWO TREATMENT ROOMS AND ONE FULL BATHROOM WITH ACCESSIBLE FEATURES. ATTACHED IS A ONE CAR GARAGE. THE SECOND FLOOR HAS THREE BEDROOMS WITH ONE AND A HALF BATH. ALSO CONVENIENTLY A LOFT AND DECK. THE BASEMENT IS FINISHED WITH A FULL BATHROOM. THERE IS AN OIL TANK THAT IS LOCATED ABOVE GROUND.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $103,752
• − Mortgage interest: −$64,418
• − Property taxes: −$17,250
• − Insurance: −$5,750
• − Repairs & maintenance: −$8,300
• − Management: −$8,300
• − Depreciation: −$33,455
• Taxable loss: −$33,721
• Est. tax savings @ 24.0%: +$8,093
• After-tax cash flow: $-5,312/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Palisades Park School District
• NCES district ID: 3412360
• Math proficiency: 18% ▼ -13.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $60,434
• Composite: 25.05/100
• National rank: #7545
• State rank: #360 of 472 in NJ

Livability — Palisades Park

• Score: 82/100
• State rank: #48
• US rank: #1217

Category grades

Amenities A+ Commute A+ Cost of living F Crime A+ Employment A+ Housing C Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palisades Park, NJ
• County: Bergen County · 586,961 people
• City population: 20,290
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 20,290
• Household income: $94,743
• Rent vs Own: 64.5% rent · 35.5% own
• Severe rent burden: 1235.0

Population outlook (Bergen County) Hauer SSP2

• Today (2025): 1,021,896 people
• By 2030: 1,063,119 · +4.0%
• By 2040: 1,146,566 · +12.2%
• By 2050: 1,229,132 · +20.3%
• By 2075: 1,429,694 · +39.9%
• By 2100: 1,547,614 · +51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Asian 55% Hispanic / Latino 24% White 18% Two or more races 7% Black 3%
• Hispanic origin (detail): Puerto Rican 3% Dominican 6%
• Common ancestry: Lithuanian 1% Iranian 1% Romanian 1%
• Foreign-born: 60% · South Korea, Canada, Jamaica
• Languages at home: 24% English-only · Korean 42% Spanish 22% Other Indo-European 4%

Political lean MEDSL · Bergen

• 2024 margin: Toss-up / Even · D 50.7% · R 47.3% · Other 2.0%
• 2008→2024 swing: -6.1pp toward R · 2008: 9.5pp · 2024: 3.4pp
• All cycles: 2024: D+3.4 2020: D+16.4 2016: D+12.0 2012: D+10.8 2008: D+9.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.46%
• Current HPI: 377.4091
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+64.5% since first listed

12 events — show timeline

• 2025-11-20 Relisted — NJMLS
• 2025-10-15 Pending — NJMLS
• 2025-10-05 Listed $1,150,000 NJMLS
• 2022-12-19 Rental Removed — NJMLS
• 2022-01-25 Delisted — NJMLS
• 2021-07-22 Listed $829,000 NJMLS
• 2018-11-20 Price Changed $515,000 NJMLS
• 2018-02-28 Sold (MLS) $515,000 NJMLS
• 2018-01-18 Contingent — NJMLS
• 2017-04-04 Price Changed $500,000 NJMLS
• 2016-07-11 Price Changed $629,000 NJMLS
• 2015-05-21 Listed $699,000 NJMLS