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Listed price in listed location currency (USD).
$650,000

000

MLS® 26005110

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size -
Garage No
Taxes $8,529
Days Active 6
Lot Size 
Approx. Age 
MLS® Number 26005110

Property Address: 105 Parkview Ave, Elmwood Park, NJ, 07407-1897

Average square foot calculated using Size range provided by listing agent.

Description

Unique investment opportunity in North Jersey delivering immediate cash flow. This state-licensed 8-unit boarding house generates approximately $7, 200 per month in gross rental income with month-to-month leases in place. Average tenant stay is about one year, with several long-term residents providing added stability. Each room is furnished with a bed, dresser, TV, and window A/C. Common areas are fully equipped with essential cooking and cleaning supplies. The property features two shared kitchens and two shared bathrooms (one per floor), plus a top-floor studio with a private half bath. Two car detached garage. High-yield asset producing ~$7, 205/mo ($86, 460/yr) in gross revenue (rooms + parking). Current NOI approximately $60, 045/year (~9.24% cap at ask) with meaningful upside via modest rent optimization (pro forma cap ~9.87% at $900/room). Month-to-month occupancy model with established screening process and optional full-service management available. Key updates include new roof/chimney (2022), boiler (2020), and security cameras (2024), plus ongoing interior improvements. Buyer to verify all financials and licensing requirements.
MLS® Number26005110
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 15, 2026List Date
$650,000List Price
  • Commute

Commute

Starting Address
Destination Address
105 Parkview Ave, Elmwood Park, NJ

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