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2-4 Family Home For Sale in Palisades Park, NJ
 

Map

MLS# : 26009029

Street : 166 Morningside Lane
Price : $1,450,000
Town : Palisades Park, NJ 07650
Annual Taxes : $14,578

PROPERTY DETAILS

# of Rooms : 18
Bedrooms : 5
Full Baths : 4
Half Baths : 0
Year Built :
Lot Size :
Style :
Heat/Cool :

PROPERTY DESCRIPTION

Situated on a spacious 50 x 144 corner lot, this fully renovated two-family home features low property taxes and rare three-car garages, offering both convenience and exceptional value. Ideally located near the border of Fort Lee, this property provides a desirable and convenient lifestyle. Each unit has been updated to excellent condition, featuring modern finishes, newer appliances, and in-unit laundry. The first-floor unit includes a bright, well-insulated sunroom, adding additional living space and comfort. A standout feature is the three-car garage, a rare find that further enhances the property’s appeal. This is a high-income producing investment property, offering strong rental potential and long-term value. Investor only.

Amenities

This listing is a courtesy of RE/MAX NOW - Palisades Park
201-891-8000 office, listing agent Jee Mee Lim

About Palisades Park, NJ Real Estate Market

A very small borough located in Bergen County in New Jersey state, Palisades Park has a population of more than 20,000 people, most of which hail from Korea. The borough is spread over just 1.28 square miles and shares its borders with neighboring boroughs like Fort Lee, Ridgefield Park, Leonia and Morsemere.

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):  $966,587
Homes Sold* (12mo):  11
PRICE INDEX
SINGLE FAMILY HOME SALES

Palisades Park, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  1.479%
Effective Tax Rate (2023):  1.317%
GENRAL TAX RATE - Palisades Park, NJ



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    MADISON ADAMSTM

    office: 201-760-1100
    84 E Ridgewood Ave, Suite 201
    Ridgewood, NJ 07450
    201-760-1100 (office)
    201-760-1102 (fax)

    Contact Info

    FOR APPOINTMENTS CONTACT


    Managing Partner
    Broker Associate
    646-279-8233 (cell)

    Madisom Adams Broker Associate Helena Lobo-Zagorski


    Sales Associate
    551-358-4252 (cell)

    Madisom Adams Sales Associate Henry A. Washington


    Sales Associate
    201-724-6913 (cell)

    Madisom Adams Sales Associate Carmela Maggio


    Real estate inventory
    Palisades Park
    Homes : $538,000 - 1,300,000 3
    Condos : $259,500 - 1,629,000 10
    Co-ops : -
    Twnhs : $835,000 - 1,400,000 6
    2-4 Fam : $859,000 - 2,800,000 8
    5+ Fam : -
    Land : $679,000 - 679,000 1
    Rentals : $1,500 - 6,900 65
    Mixd Use : -
    Com S : -
    Com L : -
    Biz : $2,000 - 700,000 19


    112 SEE ALL

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    More Listings in Palisades Park

    The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
    NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 03/20/2026 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2026 New Jersey Multiple Listing Service, Inc. All rights reserved.”


    General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

    Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

    Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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    Madison AdamsTM

    84 E Ridgewood Ave, Suite 201
    Ridgewood, NJ 07450
    201 760-1100 (office)
    201 760-1102 (fax)
    office@madisonadams.com