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Kellene Addison

addisonrealtor@gmail.com +1(862) 251-4915

$ 750,000

Est. payment | -/mo

6 Beds

3.5 Baths

3,180 SqFt

Save

$ 750,000

Est. payment | -/mo

Save

6 Beds

3.5 Baths

3,180 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,180 sqft

Price per Sqft $235

MLS Listing ID 4026904

Style Duplex-Side by Side

Bedrooms 6

Full Baths 3

Half Baths 1

Year Built 1910

Annual Tax Amount $10,312

Tax Year 2025

Lot Size 5,227 Sqft

Property Description

Welcome to this beautifully renovated 2-family home in the heart of Dover, NJ, a rare find for the savvy investor or owner-occupant looking to offset their mortgage and build long term wealth. With market rents at $3,800/month per unit, this property delivers an impressive 10% cap rate. Live in one unit and let your tenant cover the bulk of your mortgage, dramatically reducing your cost of living while your investment appreciates. The owner-occupied unit was taken down to the studs with new insulation, sheetrock, plumbing, luxury vinyl plank flooring, recessed lighting, and new light fixtures throughout. Soaring 9-foot ceilings, two beautifully renovated bathrooms, and a finished attic serving as a 4th bedroom and recreation room add serious square footage and flexibility for any lifestyle. The second unit mirrors the first, featuring luxury vinyl plank floors, 9-foot ceilings, fresh paint, and updated finishes throughout, move-in ready and highly rentable from day one. Both units have fully separate utilities and mechanicals, keeping operating costs cleanly divided between tenants. Steps from Dover's vibrant downtown, shops, restaurants, major highways, and the NJ Transit direct train to NYC, this is an easy sell to commuter tenants and a lifestyle win for owner-occupants. Classic Victorian charm, bay windows, covered porches, and a detached 2-car garage complete this exceptional package. Properties at this cap rate don't last.

Location

State NJ

County Morris

Rooms

Basement Bilco-Style Door, Full, Walkout

Interior

Interior Features Carbon Monoxide Detector, Smoke Detector, Tile Floors, Wood Floors

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features Detached Garage

Garage Spaces 2.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style Duplex-Side by Side

Schools

Middle Schools Dover M.S.

High Schools Dover H.S.

Others

Senior Community No

Listed by X REALTY CORP.

Nearby Locations

"Elevating Real Estate Dreams with Heart and Expertise."

+1(862) 251-4915

addisonrealtor@gmail.com

111 Howard Blvd. Suite 202, Arlington, Jersey, 07856, United States

82 Pequannock St Dover Town, NJ 07801