5+ Mixed Use For Sale in Garfield, NJ
MLS# : 25029061
PROPERTY DETAILS
PROPERTY DESCRIPTION
This versatile property offers exceptional potential for both income and growth. Featuring a multi-family home with two residential units plus a commercial retail space currently occupied by a well-established restaurant/catering business. This property delivers built-in cash flow from day one. Additional highlights include an attached one-car garage, a corner lot measuring 50x100 and a location that is close to schools, shopping, public transportation  helping ensure strong tenant demand. Whether you’re looking to expand your investment portfolio or secure a property with multiple income streams, this opportunity offers the potential to increase returns through rental adjustments or future improvements. Don’t miss this chance to own a property that blends residential comfort with commercial visibility in a high-demand area.
Amenities
This listing is a courtesy of Serhant New Jersey LLC
646-480-7665 office, listing agent Michael Todaro
About Garfield, NJ Real Estate Market
The journey of the formation of Garfield as an independent town began in 1873 when it was known as East Passaic. In 1881, the town was renamed Garfield to pay honour to one of the presidents of the United States of America, James Garfield. When James Garfield died in 1881, a train station in East Passaic got named after him, which eventually became the name of the whole town.
The expansion of Garfield as a city began in 1898 by including portions of the Saddle River Township and Wallington together. The boundaries of the town got defined under an act introduced by New Jersey Legislature. The official naming of the town as Garfield happened in 1917 based on a referendum.
Garfield shares its boundaries with a few other boroughs like Saddle Brook, Elmwood Park and South Hackensack. A few prominent places of interest located in Garfield are Dundee Dam, Plauderville, Dahnert’s Lake County Park and Bogart Heights.
| Population: | 30,487 |
| Total Housing Units: | 11,877 |
| Single Family Homes: | 5,468 |
| General Tax Rate (2023): | 3.281% |
| Effective Tax Rate (2023): | 2.006% |
| Compare To Other Towns |
Garfield Market Indicators
PRICE INDEX
| Average Price* (12mo): | $543,529 |
| Homes Sold* (12mo): | 58 |
SINGLE FAMILY HOME SALES
Garfield, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 3.281% |
| Effective Tax Rate (2023): | 2.006% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
