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Listed by Clayton A. Pannasch Fairclough Realtors
$ 778,000
Est. payment | /mo
5 Beds
3 Baths
$ 778,000
Est. payment | /mo
5 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26041335
Style 3 Family
Bedrooms 5
Full Baths 3
Property Sub-Type 3 Family
Property Description
Three-family income property one block from the Watsessing Avenue NJ Transit station, delivering immediate value-add upside in one of Essex County's strongest workforce rental markets. Maintained by a long-tenured owner, the three-story building offers two spacious 2BR/1BA units on floors one and two — each with a flexible back room that functions as a den, home office, or third bedroom — plus a renovated 1BR/1BA on the third floor, all on month-to-month leases. Utilities are fully separated per unit. The property includes an exclusive six-car driveway along with individual washer/dryer hookups and dedicated storage for each unit in the basement. With 2BR units directly across the street trading at $2,300/month, the rent upside is confirmed, not projected. A clean value-add play for the self-managing investor or owner-occupant ready to capture day-one income growth. All stated income amounts are proforma. All Regulatory and Compliance Requirements are Satisfied: NJ DCA Certificate: Current & Compliant Multiple Dwelling Registration (#0702016885) Lead Safe Certificate #LC-24-0926 Fire Escape has 5-Year Structural PE Certification (#OFE-2026-3543, valid through Oct 6, 2031)
Location
State NJ
County Essex
Interior
Laundry In Unit
Exterior
Garage Spaces 2.0
Nearby Locations
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