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- Description
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Street View
$650,000
Monthly Est:$3,235
-- Bed
-- Bath
--sqft
105 Parkview Ave, Elmwood Park, NJ 07407
$650,000
$3,235/moEst:
Get Pre-Approved
Mixed Use
Built in -
$-- HOA
-- sqft lot
--/sqft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: June 24, 2026 at 9:26 pm
- Listing Provided by: Burak Brian Bilgec (201) 870-3922 | United Real Estate (888) 501-6953
- Source: New Jersey MLS-NJ | MLS#: 26005110
This condo is in:
Property Details
Status
Pending
Type
Condominium
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
New Jersey MLS
MLS Number
26005110
MLS Status
Under Contract - Under Contract
Days on Market
260
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Construction
Year Built
-
Home type
Mixed Use
Roof
Asphalt, Peaked
Price History
| Date | Event | Price |
|---|---|---|
06/23/2026 Source: | Pending | $650,000 $0/sqft |
02/15/2026 Source: | Listed for Sale | $650,000 +41.30% $0/sqft |
08/17/2022 Source: | Sold | $460,000 $0/sqft |
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These properties were listed and sold by various Participants of the NJMLS based on information from the New Jersey Multiple Listing Service, Inc through Nov 02, 2026, 02:15PM. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Your Town Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information deemed reliable but not guaranteed accurate by the MLS. Last date updated: Nov 02, 2026, 02:15PM.
Source: New Jersey Multiple Listing Service, Inc.
© 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.
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