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$1,500,000
Est. payment /mo
8 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250025875
Style Multi-Level
Bedrooms 8
Full Baths 2
Property Sub-Type 2 Family
Property Description
Located in a highly desirable and rapidly appreciating area, this property presents a rare opportunity for redevelopment in one of the market's strongest pockets. Surrounded by well-maintained homes, new construction, and convenient access to shopping, dining, employment centers, and major transportation routes, the location alone makes this site exceptionally compelling. Demand for housing in this area continues to rise, driven by strong rental fundamentals, population growth, and limited new inventory—creating an ideal environment for a multi-unit development. The existing structure on the property is suitable for demolition, allowing a clean slate for a thoughtfully designed four-unit apartment complex. The lot configuration and neighborhood context support a modern, efficient multifamily build that aligns with current zoning expectations and buyer preferences. This is a prime opportunity for a developer or investor to capitalize on increased density while delivering high-quality housing that meets market demand. A newly constructed four-unit apartment building on this site offers multiple paths to value creation. Investors can benefit from diversified rental income across four units, improved operating efficiencies compared to single-family assets, and long-term appreciation in a proven location. With modern design, updated systems, and attractive finishes, a new build would command premium rents while minimizing maintenance costs for years to come. The area's strong tenant base—including professionals, families, and long-term renters—supports consistent occupancy and stable cash flow. From a strategic standpoint, this property stands out due to its combination of location, redevelopment potential, and scalability. Small multifamily properties such as four-unit buildings are increasingly sought after for their balance of manageable size and strong income potential. They offer flexibility for investors looking to hold long-term, refinance after stabilization, or eventually sell into a competitive market where turnkey multifamily assets are in short supply. The surrounding neighborhood continues to see reinvestment and modernization, reinforcing long-term upside. Nearby amenities, walkability, and access to essential services enhance livability and support higher rental rates. As housing demand continues to outpace supply in this area, well-designed multifamily developments are positioned to perform exceptionally well. This property represents more than just land—it is an opportunity to transform a well-located site into a high-performing four-unit apartment complex that aligns with current market trends and future growth. For developers and investors seeking a project with strong fundamentals, clear redevelopment potential, and a location that does the heavy lifting, this offering deserves serious consideration.
Location
State NJ
County Hudson
Area Jc Journal Square
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard, Gas
Cooling Baseboard, Gas
Exterior
Exterior Feature Aluminum/Vinyl
Parking Features 1 Car
Read Less Info
Listed by EXIT REALTY URBAN LIVING
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