This Ridgewood duplex features two units: a 2-bed/1-bath and a 3-bed/1-bath, totaling 5 bedrooms across 3,420 sq ft. Based on recent comps, average monthly rents are $1,877–$2,000 for 2BRs and $2,432–$2,500+ for 3BRs[3][4][5]. Projected monthly rent for both units ranges from $4,300 to $5,000, but recent market heat and renovated finishes suggest upside toward $6,350 or even $7,000+ if the basement is utilized as bonus space[1]. The annual gross income potential is $51K–$84K. At the current $1.19M asking price, the payback period (gross rent multiplier) lands between 14 and 23 years, typical for Ridgewood's appreciating market. The neighborhood is experiencing strong rent growth (8%+ annually), with Ridgewood topping buyer and renter interest lists in 2025[1]. The property boasts classic curb appeal, modern upgrades, a finished basement, and outdoor space—features that command premium rents. Possible challenges include only two formal units and 2 total baths, but flexible layouts and location offset these limitations.

To maximize revenue, consider updating kitchens/baths, optimizing the finished basement for legal occupancy or storage, and enhancing curb appeal with landscaping or facade restoration. If selling, market to owner-occupants and investors alike, highlighting Ridgewood's ongoing rent growth, the home’s unique character, and the potential for further income through value-add improvements or reconfiguration of the basement. Pricing should reflect both current and future rent potential, especially with rising demand.