2-4 Family Home For Sale in Garfield, NJ
MLS# : 25040787
PROPERTY DETAILS
PROPERTY DESCRIPTION
Fully leased and income-producing opportunity in the heart of Garfield. Discover a unique setup ideal for multi-generational living or the savvy investor with this two-building property featuring a single-family home and a two-family home on the same lot. A large private driveway accommodates four cars, and each unit offers separate utilities, making this a turnkey investment with easy management and low expenses.The single-family home, leased at $2,300, spans two levels and includes two bedrooms, one bath, a kitchen, in-unit utilities(paid by the tenant), washer and dryer, and additional storage space.The two-family home provides flexibility and strong income. The ground level is divided into two units;the rear offers a spacious one-bedroom apartment leased on a month-to-month basis at $1,600, with a full bath with tub, eat in kitchen, laundry- while the front includes a studio unit with its own full bath. The upper-level unit,leased at $2,800, features three bedrooms and two full baths, including a primary bedroom with double closets, two additional large bedrooms with ample closet space, an eat-in kitchen with pantry, and a bright living room with a bay window.Located in a desirable Garfield neighborhood close to shopping, schools, and transportation, this property offers steady income, low taxes, and long-term upside. Sold strictly as-is.
Amenities
This listing is a courtesy of Keller Williams Valley Realty
201-391-2500 office, listing agent Enkelana Drizaj
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): | $554,915 |
| Homes Sold* (12mo): | 61 |
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)
