215 Macarthur Ave
Garfield City, NJ 07026
Price: $690,000
GSMLS: 4055619Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 5
Baths: 3 Full
Garage: No
Year Built: 1913
Acres: 0.06
Property Tax: $8,043
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
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
10
Basement:
Yes - Finished
Interior:
n/a
Roof:
Flat
Exterior:
Stucco
Lot Size:
n/a
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
2
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Laundry Room, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CookGas,Dryer,RgOvGas,Refrig,Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Den, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CookGas,RgOvGas,Refrig,Washer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Baseboard - Electric
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
ROOSEVELT
Middle:
COLUMBUS
High School:
GARFIELD
Community Information
County:
Bergen
Town:
Garfield City
Neighborhood:
n/a
Financial Considerations
List Price:
$690,000
Tax Amount:
$8,043
Land Assessment:
$87,500
Build. Assessment:
$143,700
Total Assessment:
$231,200
Tax Rate:
3.48
Tax Year:
2025
Listing Information
MLS ID:
4055619
List Date:
09-29-2026
Days On Market:
7
Listing Broker:
LIFESTYLE INTERNATIONAL REALTY
Listing Agent:
Ana Montanez
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MountainClubNJ.com
