This fully renovated two-family residence at 137 Prospect Place in Rutherford, NJ, is situated on a corner lot and is delivered vacant, presenting an opportunity for an owner-occupant or investor. Significant updates have been completed, including a new roof installed in 2025, all-new plumbing and electrical systems, and new forced hot air and central air systems for each unit. Both kitchens and bathrooms have been updated, with all associated permits closed out. The property offers a total of 5 bedrooms and 2 full bathrooms across its two units.
Unit 1, located at 137 Prospect Place, features 3 bedrooms and 1 full bathroom, along with a partially finished basement. Unit 2, at 242 Prospect Place, includes 2 bedrooms and 1 full bathroom, complemented by a loft-like, fully finished attic space suitable for a home office or additional storage. Both units are equipped with in-unit laundry facilities, separate gas and electric meters, and feature easy-to-maintain vinyl and tile flooring throughout. The exterior of the property has been freshly painted.
The property includes a private driveway with parking for up to 3 cars, as well as a shared yard. This configuration allows for the possibility of residing in one unit while generating rental income from the other, or for setting current market rents from the outset. The total finished square footage for the property is 2,599 square feet, built on a lot measuring 83 x 75 feet, totaling 6,225 square feet. The original construction year for this residential income property was 1900.
Conveniently located, this home provides proximity to the shops and restaurants of downtown Rutherford. Commuting is facilitated by nearby NJ Transit bus and train services, as well as easy access to Routes 3 and 17, offering a straightforward commute to New York City. The property is located in Bergen County.
The Agency One Rock-Ridgewood
973-527-5393
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