2-4 Family Home For Sale in Garfield, NJ
MLS# : 25038185
PROPERTY DETAILS
PROPERTY DESCRIPTION
**PRIME 2-FAMILY INVESTMENT OPPORTUNITY IN GARFIELD, NJ!** Great for investors or first-time buyers seeking rental income! Discover this versatile 2-family home, ideal as a lucrative investment property or a smart entry for first-time buyers who want built-in rental assistance to offset mortgage costs. Generate multiple income streams with ease! Key features: spacious layout with 5 bedrooms and 3 full bathrooms [on each floor] – perfect for large groups or high-yield tenants. Income potential with current rents below market value, offering instant upside. Single-car garage is currently rented separately [$500/month]. Separate utilities for hassle-free management. Outdoor upgrade includes brand-new patio for relaxation or tenant appeal. Prime location with walking distance to public transportation, parks, schools, shopping, and places of worship – everything you and/or your tenants need! **LOW TAXES** - Keep more of your profits with affordable property taxes. This property screams multiple revenue streams – live in one unit, rent the other [and the garage!], or lease both for maximum ROI [$5,100/month currently for entire home and garage]. Don't miss out on this turnkey gem in a convenient Garfield neighborhood! Be sure to preview the 3-D virtual tour and Seller's Property Condition Disclosure for more info! Present all offers with pre-approval and/or proof of funds. SCHEDULE YOUR PRIVATE APPOINTMENT NOW!
Amenities
This listing is a courtesy of Keller Williams Prosperity Realty
973-696-0077 office, listing agent Salvatore LoCascio
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): | $553,444 |
| Homes Sold* (12mo): | 55 |
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)
