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Off market
  • $577,300

    16 E Elro Dr, Oak Ridge, NJ 07438

    5beds
    4baths
    --sqft
    MultiFamily
    Built in 1960
    -- sqft lot
    $577,300 Zestimate®
    $--/sqft
    $3,084 Estimated rent

    Home value

    $577,300

    $514,000 - $647,000

    $3,084/mo

    Zestimate® history
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    Owner options

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    $3,084/mo

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    Rent Zestimate®

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    $3,863/mo

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    $3,863/mo

    Est. payment

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    What's special

    5 Unit multi-family property offering 3 standalone structures -- 16 E Elro, 18 E Elro and 20 E Elro. The 16 E Elro 2-family, lakeview property consists of a 1 BR, 1-bath unit on the 1st floor and a 2-BR, 1-Bath unit on the 2nd floor. 18 E Elro is a stand-alone cottage with an open floor plan and 1-bath. 20 E Elro is a side-by-side, 2-family dwelling with 1-BR and 1-Bath unit on each side. These 3 structures offer a terrific and rare investment opportunity. When fully rented, the annual gross income is over $66,500, annual expenses are approximately $12,500 All dwellings are on one lot as per seller.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Heating
    • Electric, Gas
    Cooling
    • None
    Appliances
    • Included: Range / Oven
    Features
    • Smoke Detector, Carbon Monoxide Detector, Fire Extinguisher, See Remarks

    Property

    Parking
    • Total spaces: 6
    • Parking features: None
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.34 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1960

    Utilities & green energy

    • Sewer: Septic
    • Utilities for property: Electric, Gas-Propane

    Community & neighborhood

    Location
    • Region: Oak Ridge

    Other

    Other facts
    • Easement: Unknown
    • Listing Type: Exclusive Right to Sell
    • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat
    • Unit 1 Room Description: Bedrooms, Living Room, Kitchen
    • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat
    • Unit 2 Room Description: Bedrooms, Living Room, Kitchen
    • Roof Description: Asphalt Shingle
    • Utilities: Electric, Gas-Propane
    • Construction Date/Year Built Des: Approximate
    • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat
    • Unit 3 Room Description: Bedrooms, Living Room, Kitchen, Utility Room
    • Exterior Features: Deck, Thermal Windows/Doors, Open Porch(es), See Remarks
    • Lot Description: Open Lot, Corner, Lake/Water View
    • Unit 1 Appl/Equip: See Remarks, Smoke Detector, Carbon Monoxide Detector
    • Heating: 1 Unit
    • Interior Features: Smoke Detector, Carbon Monoxide Detector, Fire Extinguisher, See Remarks
    • Sewer: Septic
    • Unit 3 Appl/Equip: See Remarks, Smoke Detector, Carbon Monoxide Detector
    • Expenses Include: Taxes, See Remarks
    • Exterior Description: Wood, See Remarks
    • Unit Style: See Remarks, 1-One Story
    • Water: Well
    • Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Heat
    • Unit 4 Room Description: Kitchen, Bedrooms, Living Room
    • Fuel Type: OilAbIn, GasPropL
    • Unit 2 Appl/Equip: Carbon Monoxide Detector, See Remarks, Smoke Detector
    • Parking/Driveway Description: Dirt, Common
    • Unit 4 Appl/Equip: Carbon Monoxide Detector, Smoke Detector, See Remarks
    • Town #: Jefferson Twp.

    Price history

    DateEventPrice
    6/10/2023Listing removed--
    Source: GSMLS #3761954
    5/21/2022Price change$699,900+7.7%
    Source: GSMLS #3761954
    2/5/2022Listing removed--
    Source: Zillow Rental Network Premium
    2/2/2022Listed for sale$650,000
    Source: GSMLS #3761954
    1/28/2022Listed for rent$1,350
    Source: Zillow Rental Network Premium #3761110

    Public tax history

    Tax history is unavailable.

    Neighborhood: 07438

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $577,300
    2% more+ $11,546
    With Zillow Showcase(estimated)
    $588,846