Active

$500,000

142 Island Ave, Little Falls Twp., NJ 07424

3beds

--sqft

$3,854/mo

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Single Family Residence

Built in 1950

0.3 Acres Lot

$493,900 Zestimate^®

$--/sqft

$-- HOA

What's special

Bring your contractor, your ideas, and your vision to explore the possibilities this property has to offer. Situated along the Passaic River, this tenant-occupied property offers a unique opportunity for an investor, contractor, or buyer looking for a project. The home is in need of updating and repairs, making it an ideal handyman special, while offering immediate rental income and the opportunity to consider future improvements and long-term plans for the property. Located near major roadways, shopping, dining, and area amenities, this property combines an established rental with future upside potential. Property is located in a flood zone and requires flood insurance. Per sellers, the home has not experienced flooding during their ownership. Property is being sold strictly "AS IS". Buyer is responsible for all municipal inspections, certifications, and due diligence.

5 days
440
15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Description: 1st Floor

Bedroom 1

Level: First

Bedroom 2

Level: First

Bedroom 3

Level: First

Dining room

Features: Formal Dining Room
Level: First

Kitchen

Features: Not Eat-In Kitchen
Level: First

Living room

Level: First

Heating

1 Unit, Forced Air, Natural Gas

Cooling

See Remarks, Wall Unit(s)

Appliances

Included: Range/Oven-Gas, Refrigerator, Gas Water Heater
Laundry: Level 1

Features

Flooring: Wood
Basement: None
Has fireplace: No

Property

Parking

Parking features: 1 Car Width

Features

On waterfront: Yes
Waterfront features: Waterfront

Lot

Size: 0.3 Acres
Dimensions: 121 x 109

Details

Parcel number: 2505000720000000030000
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Wood Shingle
Roof: Asphalt Shingle

Condition

Year built: 1950

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected, Cable Available

Community & HOA

Location

Region: Little Falls

Financial & listing details

Tax assessed value: $77,600
Annual tax amount: $2,712
Date on market: 10/1/2026
Ownership type: Fee Simple

Estimated market value

$493,900

$469,000 - $519,000

$2,998/mo

Price history

Date	Event	Price
10/1/2026	Listed for sale	$500,000+635.3%
Source: GSMLS #4056246 Report a problem
9/2/2017	Listing removed	$1,500
Source: Coldwell Banker Residential Brokerage - Kinnelon / Butler Office #3414736 Report a problem
9/1/2017	Listed for rent	$1,500+8.7%
Source: Coldwell Banker Residential Brokerage - Kinnelon / Butler Office #3414736 Report a problem
3/11/2012	Listing removed	$1,380
Source: Coldwell Banker Residential Brokerage - Kinnelon Office #2916293 Report a problem
2/10/2012	Listed for rent	$1,380
Source: Coldwell Banker Residential Brokerage - Kinnelon Office #2916293 Report a problem
1/18/2012	Sold	$68,000-24.4%
Source: GSMLS #2892165 Report a problem
11/16/2011	Price change	$89,900-10%
Source: Coldwell Banker Residential Brokerage - Kinnelon Office #2892165 Report a problem
10/31/2011	Price change	$99,900-16.7%
Source: Coldwell Banker Residential Brokerage - Kinnelon Office #2892165 Report a problem
10/10/2011	Listed for sale	$119,900
Source: Coldwell Banker Residential Brokerage - Kinnelon Office #2892165 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,586 +1.5%	$77,600
2024	$2,547	$77,600
2023	$2,547 +2.2%	$77,600
2022	$2,493 -0.6%	$77,600
2021	$2,506 +1.5%	$77,600
2020	$2,468 +0.7%	$77,600
2019	$2,452 -0.1%	$77,600
2018	$2,454 +1.3%	$77,600
2017	$2,422 +1.5%	$77,600
2016	$2,387 +2.7%	$77,600
2015	$2,323 +5.2%	$77,600
2014	$2,208 -59.2%	$77,600 -69.3%
2012	$5,416 +4%	$252,500
2011	$5,207 +6.7%	$252,500
2010	$4,881	$252,500
2009	--	$252,500 +144%
2008	--	$103,500
2007	--	$103,500
2006	--	$103,500
2005	--	$103,500
2004	$4,026	$103,500
2003	--	$103,500
2002	--	$103,500
2001	--	$103,500