215 Macarthur Ave #2, Garfield, NJ 07026-1213

This fully renovated two-family residence at 215 Macarthur Ave #2 in Garfield, NJ, presents a significant investment opportunity in Bergen County. Constructed in 1913 and extensively updated in 2025, this property offers modern amenities and a strategic location minutes from New York City. The total living area spans 1,696 square feet, with Unit 1 offering approximately 948 square feet and Unit 2 providing approximately 748 square feet. The property features on-street parking and is situated on an approximate lot size of 2,500 square feet.

The first-floor unit is designed for spacious living, featuring 3 bedrooms and 2 full bathrooms. This unit includes a fully finished, heated basement with an additional bedroom and a full bathroom, along with a private washer and dryer. The interior boasts marble countertops and includes all appliances. This unit will be delivered vacant, offering immediate potential for owner-occupancy or rental placement with an estimated monthly rent between $2,800 and $3,000. The heating for this unit is baseboard electric, fueled by natural gas, and cooling is provided by window air conditioning units.

The second-floor unit comprises 2 bedrooms and a versatile den space, with 1 full bathroom. This unit also features marble countertops and includes all appliances. Currently leased through February 2027 at $2,200 per month, it has a projected market rent of $2,500 to $2,700. Similar to the first floor, this unit is heated via baseboard electric with natural gas and cooled by window air conditioning units. Both units benefit from digital key entry doors for enhanced security and convenience.

Recent upgrades completed in 2025 include new flooring throughout, a new electrical panel, updated plumbing, and a brand-new deck. The exterior of the property features new second-floor windows, a full backyard, and a convenient storage shed. The property is equipped with a security camera system, included in the sale. Utility services include public water and public sewer, with all underground utilities. This property is located within the Garfield school district, with Roosevelt Elementary, Columbus Middle/Jr. High, and Garfield High School serving the area.

This multi-family income generator is a turnkey asset in a highly sought-after commuter location. The property is equipped with two heating units and utilizes gas for heating fuel. The total number of bathrooms across both units is three. The property's tax information for 2025 indicates a tax amount of $8,043, with a tax rate of $3.48. The assessed valuation includes $143,700 for the building and $87,500 for the land, totaling $231,200.