215 Macarthur Ave, Garfield City, NJ 07026
215 Macarthur Ave, Garfield City, NJ 07026
215 Macarthur Ave, Garfield City, NJ 07026
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$690,000
Est. payment /mo
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5 Beds
3 Baths
1,496 SqFt
Open 10/24 1PM-4PM

215 Macarthur Ave Garfield City, NJ 07026

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Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,496 sqft

Price per Sqft $461

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

Turnkey 2-family investment in Garfield, extensively renovated in 2025. Unit 1 (1st floor, finished basement delivered vacant): 2 bedrooms, living room, kitchen and full bath on the main level with direct backyard access, new deck and storage unit, plus a private finished basement suite with 1 bedroom, kitchenette, brand-new full bath and small living area, and private laundry. Projected rent $3,000-$3,300/mo, or owner-occupy. Unit 2 (upper): 2 bedrooms (one with walk-in closet/den space), living room, new kitchen and bath; leased at $2,200/mo through Feb 2027, projected market rent $2,500-$2,700/mo. Updates: marble countertops, new kitchens on all floors, new flooring, new electrical panels, new plumbing, new 2nd-floor windows, digital key entry on all doors. Projected gross income $66,000-$69,600/yr; est. cap rate 8.3%-8.8% based on taxes and water only, before vacancy, insurance and repairs; buyers to verify. Taxes $8,043; water approx. $155-$160/qtr; tenants pay electric, gas and heat. Under 15 min to Plauderville NJ Transit (direct to NYC/Hoboken), minutes to Dahnert's Lake County Park, easy access to Rt 46, 21, 4 and the Garden State Parkway.

Location

State NJ

County Bergen

Zoning R-2

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


Garden State MLS(GSMLS)
Listed by LIFESTYLE INTERNATIONAL REALTY

NEARBY SCHOOL & BUSINESS

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Hardik Shah

Hardik Shah

Agent License ID: 1538159

+1(201) 936-2225

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215 Macarthur Ave