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$ 499,900
Est. payment | /mo
5 Beds
3 Baths
2,613 Sqft Lot
$ 499,900
Est. payment | /mo
5 Beds
3 Baths
2,613 Sqft Lot
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4021833
Style 2-Two Story
Bedrooms 5
Full Baths 3
Year Built 1939
Annual Tax Amount $8,562
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
2-Unit Multi-Family with Strong Cash Flow & Upside Potential. This income-producing 2-family property offers immediate rental income with additional upside in a convenient location. The building includes three separate units: a 3-bedroom, 1-bath first-floor unit, a 2-bedroom, 1-bath second-floor unit, and a finished 2-bedroom, 1-bath basement apartment ideal for maximizing rental potential. Current rents include $1,900/month for the first floor and $1,300/month for the second floor, with the second unit occupied by a long-term tenant and presenting clear below-market upside (projected $1,600+). The basement unit adds further income potential, making this a strong opportunity for investors seeking both cash flow and future growth.Each unit features a functional living and kitchen layout, with refrigerators and microwaves included. The basement unit benefits from its own split AC system, while upper units utilize window units. There is no on-site parking, with street parking available, and a shared backyard area offers outdoor space for tenants. Whether you're expanding your portfolio or looking for a multi-unit with built-in upside, this property delivers a compelling mix of current income, tenant stability, and value-add potential.
Location
State NJ
County Passaic
Rooms
Basement Finished, Full
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features See Remarks
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
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Listed by EXP REALTY, LLC
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Katora Yim
REALTOR® | Lic# 9804062