Fantastic investment opportunity in Garwood! Fully rented two-family home, each unit occupying one spacious floor. Each unit features 2 bedrooms, 1 full bathroom, a living room and a kitchen, with hardwood floors throughout. The basement offers an additional full bathroom, ample storage space along with washer/dryer hookups for each unit. Recent updates include new windows and gutters, newer furnaces and fresh new landscaping. The spacious detached garage offers versatile use, ideal for owner storage, or as a rental opportunity to generate additional income. The long driveway accommodates several cars for plenty of off street parking. Gas and electric meters are separate, with tenants responsible for all utilities, including water (the water bill is split per billing cycle). Snow removal is tenant-managed, while the landlord covers landscaping, real estate taxes, and insurance. Current annual gross rent income of $39,000, with long-term tenants on fixed leases, ensuring immediate and stable income. Ideally located near shopping, dining, and public transportation in a high-demand rental area. Don't miss this exceptional investment opportunity! Being sold strictly As-Is. HIGHEST AND BEST OFFERS DUE MONDAY JUNE 2ND AT 4PM.
Active
$625,000
234 Willow Ave, Garwood Boro, NJ 07027
4beds
19,998sqft
Est.:
Multi Family
Built in 1942
-- sqft lot
$635,100 Zestimate®
$31/sqft
$-- HOA
What's special
Spacious detached garageOff street parkingLong drivewayHardwood floorsSpacious floorNew windowsFresh new landscaping
- 20 days
- on Zillow |
- 1,911 |
- 155 |
Zillow last checked: June 14, 2025 at 11:55pm
Listing updated: June 05, 2025 at 09:58am
Listed by:
Regina Alexis Gannon 646-319-9012,
Coldwell Banker Realty
Source: GSMLS,MLS#: 3965175

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- 2 Units, Forced Air, Electric, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Bedrooms, Eat-in Kitchen, Living Room, Kitchen
- Flooring: Carpet, Wood
- Basement: Yes,Bilco-Style Door,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 19,998
- Total interior livable area: 19,998 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: 1 Car Width, Asphalt, Detached Garage
- Garage spaces: 1
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Exterior features: Curbs, Sidewalk
Lot
- Size: 5,662.8 Square Feet
- Dimensions: 55 x 100
- Features: Level
Details
- Parcel number: 2906005020000000160000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Asphalt Shingle
Condition
- Year built: 1942
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Cable Available, Garbage Included
Community & HOA
Community
- Security: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Location
- Region: Garwood
Financial & listing details
- Price per square foot: $31/sqft
- Tax assessed value: $352,100
- Annual tax amount: $9,813
- Date on market: 5/26/2025
- Total actual rent: 3250
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
- Electric utility on property: Yes
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