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24 5th St, Ridgefield Park, NJ, 07660

4beds
5baths
--sqft
$1,195,000
--price/sqft
$8,429/moest. monthly cost
$337,160/yrincome needed

About This Home

Exceptional investment opportunity in the heart of Ridgefield Park! This well-maintained 4-family property features four 1-bedroom, 1-bath units, each with separate utilities (heat, hot water, gas and electric)—ideal for maximizing rental efficiency and minimizing owner expenses. The property includes a 2-car garage along with two parking areas, providing ample off-street parking —a rare and valuable amenity for the area. Each unit offers functional layouts with strong appeal, making this an excellent opportunity. Conveniently located near major highways, public transportation, shopping, and dining, this property offers both stability and upside potential. Whether you're a seasoned investor or looking to start your portfolio, this is a must-see opportunity in a desirable Bergen County location.

Getting Around

76
WalkingVery Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

7/10
Lincoln Elementary SchoolGrades PK-60.2 mi
7/10

Construction

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: None

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 5

Property

Details

  • Parcel number: 5000057000000008

Parking

  • Total spaces: 8
  • Parking features: Garage
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,042$72,504
Home Insurance *$312$3,744
Property Taxes $1,882$22,584
Electricity $193$2,318
Total$8,429$101,148
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$288,994/yr
40% on housing$252,870/yr
45% on housing$224,773/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07660$367
Bergen County$633

vs Homes Sold Last Month

Median $/sqft

ZIP 07660$384
Bergen County$452

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-08Listed for sale$1,195,000
2003-03-05Sold$429,000
2001-05-16Sold$320,000

For Sale by Agent

AgentScott Breyer
BrokerageWalter Breyer Real Estate

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