Potential 7% Cap. Solid investment opportunity for both end-user and investor in a high-demand location near the Light Rail station. This mixed-use property features two commercial spaces—one currently leased to a licensed psychologist (1100 Sq Ft), and the second, a clean and versatile space ideal for professional or medical office use (500 Sq Ft). The property also includes two rented residential units: a 1BR apartment above the doctor's office, and a detached 3BR unit located at the rear of the lot. Strong rental demand and potential for a 6.5% cap rate make this a compelling addition to any investment portfolio and especially if you have a practice and want to live on site. All newer and separate utilities. Central AC/Heat. This property is a well-oiled machine.
For sale
$825,000
516 51st St, West New York, NJ 07093
4beds
--sqft
Est.:
4 Family
Built in ----
-- sqft lot
$1,049,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 10 days
- on Zillow |
- 505 |
- 34 |
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 02:05pm
Listed by:
Andrew Sanderson,
EXP REALTY LLC 866-201-6210
Source: HCMLS,MLS#: 250007472
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
Dining room
- Level: Floor 4
Kitchen
- Level: Floor 3,Floor 4
Living room
- Level: Level 3,Level 4
Heating
- Forced Air, Baseboard, Natural Gas
Cooling
- Central Air
Features
- Basement: Unfinished,Walk-Out Access
Property
Parking
- Parking features: None
Features
- Levels: Multi-Level
Lot
- Size: 2,800 Square Feet
- Dimensions: 25 x 112
Details
- Parcel number: 1200108000000029
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family
Materials
- Brick
Community & HOA
Location
- Region: West New York
Financial & listing details
- Tax assessed value: $167,400
- Annual tax amount: $13,825
- Date on market: 4/16/2025
- Total actual rent: 5
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