High-yield, turnkey 2-family asset in prime Bergen County! Extensively renovated in 2025, this multi-family income generator delivers a strong 7.61% current capitalization rate with clear upside to an 8.48% pro-forma cap rate ($66,000 gross annual income potential). 1st floor unit features a spacious 3-bed layout with full finished heated basement (additional bedroom + bath), private laundry & new deck delivered vacant for Owner-occupancy or market tenant placement ($2,800-$3,000/mo). Upper unit offers 2 beds + den, currently leased at $2,200/mo through Feb 2027 (projected market rent $2,500-$2,700/mo). Key upgrades include marble countertops, Brand New basement bathroom, all new kitchens on all floors, all-inclusive appliances, new flooring, New electrical panels, New plumbing, new 2nd-fl windows & digital key entry on all entry doors on the property. Low overhead with minimal expenses ($7k annual taxes, $155-$160 quarterly water bill). Prime Garfield location under 15 minutes to Plauderville NJ Transit rail station (direct to NYC/Hoboken) and moments from Dahnert's Lake County Park. Immediate highway access to Rt 46, Rt 21, Rt 4, and the Garden State Parkway. perfect for value-add investors or house-hackers seeking positive Day-1 cash flow!
Active
$690,000
215 Macarthur Ave, Garfield City, NJ 07026
5beds
1,696sqft
Multi Family
Built in 1913
-- sqft lot
$711,400 Zestimate®
$407/sqft
$-- HOA
What's special
Brand new basement bathroomNew deckPrivate laundryMarble countertopsNew flooringAll-inclusive appliances
- 15 days
- 289
- 9
Zillow last checked:
Listing updated:
Listed by:
Ana Montanez 862-282-5277,
Lifestyle International Realty
Source: GSMLS,MLS#: 4055619
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- 2 Units, Baseboard - Electric, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Washer, Gas Water Heater
- Laundry: Laundry Room
Features
- Bedrooms, Eat-in Kitchen, Kitchen, Living Room, Den, Eat-In Kitchen
- Basement: Yes,Finished
- Has fireplace: No
Interior area
- Total structure area: 1,696
- Total interior livable area: 1,696 sqft
Property
Parking
- Parking features: On Street, On-Street Parking
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Barbecue
Lot
- Size: 2,613 Square Feet
- Dimensions: 2500 SF
Details
- Additional structures: Storage Shed
- Parcel number: 1121000940000000240000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Flat
Condition
- Year built: 1913
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Location
- Region: Garfield
Financial & listing details
- Price per square foot: $407/sqft
- Tax assessed value: $231,200
- Annual tax amount: $8,043
- Date on market: 9/29/2026
- Exclusions: none
- Total actual rent: 5000
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
$711,400
$676,000 - $747,000
$2,693/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Listed for sale | $690,000+24.3%$407/sqft |
Source:  GSMLS #4055619 Report a problem | ||
| 1/6/2025 | Sold | $555,000+9%$327/sqft |
Source: GSMLS #3922212 Report a problem | ||
| 9/27/2024 | Pending sale | $509,000$300/sqft |
Source: GSMLS #3922212 Report a problem | ||
| 9/5/2024 | Listed for sale | $509,000+215.4%$300/sqft |
Source: GSMLS #3922212 Report a problem | ||
| 11/16/2021 | Sold | $161,384-61.6%$95/sqft |
Source: Public Record Report a problem | ||
| 1/31/2009 | Listing removed | $420,000$248/sqft |
Source: Century 21 #2840746 Report a problem | ||
| 9/22/2008 | Listed for sale | $420,000+9.1%$248/sqft |
Source: Century 21 #2840746 Report a problem | ||
| 8/31/2006 | Sold | $385,000+8.5%$227/sqft |
Source: Public Record Report a problem | ||
| 1/11/2006 | Sold | $355,000+74.3%$209/sqft |
Source: Public Record Report a problem | ||
| 10/1/2001 | Sold | $203,618+35.7%$120/sqft |
Source: Public Record Report a problem | ||
| 6/18/2001 | Sold | $150,000+48.5%$88/sqft |
Source: Public Record Report a problem | ||
| 5/26/2000 | Sold | $101,000$60/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $8,043 +4.3% | $231,200 |
| 2025 | $7,715 | $231,200 |
| 2024 | $7,715 +1.7% | $231,200 |
| 2023 | $7,586 | $231,200 |
| 2022 | -- | $231,200 |
| 2021 | $7,001 +4.2% | $231,200 |
| 2020 | $6,719 +2.3% | $231,200 |
| 2019 | $6,568 | $231,200 |
| 2018 | $6,568 +4.9% | $231,200 |
| 2017 | $6,261 +2.5% | $231,200 |
| 2016 | $6,106 +2.7% | $231,200 |
| 2015 | $5,944 +1.9% | $231,200 |
| 2014 | $5,831 +4.3% | $231,200 |
| 2013 | $5,590 | $231,200 |
| 2012 | $5,590 +28.7% | $231,200 |
| 2011 | $4,345 +2.7% | $231,200 +123.8% |
| 2010 | $4,231 +4.2% | $103,300 |
| 2009 | $4,060 | $103,300 |
| 2007 | -- | $103,300 |
| 2006 | -- | $103,300 |
| 2005 | -- | $103,300 |
| 2004 | -- | $103,300 |
| 2003 | -- | $103,300 |
| 2002 | -- | $103,300 |
| 2001 | -- | $103,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 07026
Nearby schools
Schools provided by the listing agent
- Elementary: Roosevelt
- Middle: Columbus
- High: Garfield
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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