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$ 690,000
Est. payment /mo
Active
215 Macarthur Ave Garfield City, NJ 07026
5 Beds
3 Baths
1,696 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,696 sqft
Price per Sqft $406
MLS Listing ID 4055619
Style 2-Two Story
Bedrooms 5
Full Baths 3
Year Built 1913
Annual Tax Amount $8,043
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
High-yield, turnkey 2-family asset in prime Bergen County! Extensively renovated in 2025, this multi-family income generator delivers a strong 7.61% current capitalization rate with clear upside to an 8.48% pro-forma cap rate ($66,000 gross annual income potential). 1st floor unit features a spacious 3-bed layout with full finished heated basement (additional bedroom + bath), private laundry & new deck delivered vacant for owner-occupancy or market tenant placement ($2,800-$3,000/mo). Upper unit offers 2 beds + den, currently leased at $2,200/mo through Feb 2027 (projected market rent $2,500-$2,700/mo). Key upgrades include marble countertops, Brand New basement bathroom, all new kitchens on all floors, all-inclusive appliances, new flooring, New electrical panels, New plumbing, new 2nd-fl windows & digital key entry on all entry doors on the property. Low overhead with minimal expenses ($7k annual taxes, $155-$160 quarterly water bill). Prime Garfield location under 15 minutes to Plauderville NJ Transit rail station (direct to NYC/Hoboken) and moments from Dahnert's Lake County Park. Immediate highway access to Rt 46, Rt 21, Rt 4, and the Garden State Parkway. Perfect for value-add investors or house-hackers seeking positive Day-1 cash flow! Open Hou SAT 24th 1-4pm
Location
State NJ
County Bergen
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features On-Street Parking
Utilities Available All Underground
Roof Type Flat
Garage Yes
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Schools
Elementary Schools Roosevelt
Middle Schools Columbus
High Schools Garfield
Others
Senior Community No
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Listed by LIFESTYLE INTERNATIONAL REALTY
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