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.