42 Lester St - Apartments FOR SALE


Wallington, NJ 07057
$1,600,000 USD
862-703-0801
42 Lester St, Wallington, NJ for Sale
$1,600,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

42 Lester St
Wallington, NJ 07057


OVERVIEW

BERGEN COUNTY MULTIFAMILY ASSET 42 Lester Street, a recently renovated 6-unit multifamily property in Wallington, NJ Investment Highlights • Asking Price: $1,600,000 • Units: 6 (five 1BRs + one 1BR loft with outdoor patio) • Price/Unit: $266,667 • Year Built / Renovated: 1945 / 2023 • Building Size / Lot Size: 3,288 SF / 5,035 SF • Parking: 4 on-site spaces • Gross Rent Multiplier (GRM): 11.53 • Current NOI: $90,577 Key Features • Fully renovated in 2023 – minimal near-term CapEx • Stabilized cash flow with immediate rent growth potential • Strong Bergen County commuter location with excellent access to highways and NYC transit This property offers investors a rare chance to acquire a turnkey, Class-A condition asset with both near-term rental upside and long-term stability.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

6

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1945

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,221 SF

ZONING

R2

APN/PARCEL ID

65-00013-0000-00025

ASK ABOUT THIS PROPERTY

Steven MatovskiRedwood Realty AdvisorsMore Info
862-703-0801

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Steven MatovskiRedwood Realty AdvisorsMore Info
862-703-0801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.