Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    247 Grove Street Lodi, NJ 07644

    View on Map
    Claim this Listing
    New
    Picture of Duplexes at 247 Grove Street, Lodi, NJ
    For Sale
    $615,000

    2 Family - Lodi, NJ

    Added:
    Apr 20, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 22 at 11:06 pm

    Property Features for 247 Grove Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sharon Bene

    Listing agent Sharon Bene

    Listing office Terrie O'Connor Realtors-Hasbrouck Heights 300 G Lake Street, Ramsey, NJ

    Listing date Apr 20, 2026

    MLS# 26013801 Listing URL

    Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lodi Two-Family Home For Sale

    This two-family property in Lodi, New Jersey, presents an opportunity for investment or owner-occupancy. The main level features a two-bedroom, one-bath unit with a living room, dining area, and kitchen. The basement apartment includes one bedroom, a small kitchen, and a living area, suitable for generating supplemental income. A washer and dryer are included. The property also features a large backyard for outdoor enjoyment. The property is being sold as-is and is not FHA eligible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First Choice Mobile ... Car Wash

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lodi
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0874532
    Latitude
    40.8660977

    Nearby Similar for Sale

    • $977,000

      Spacious Side-by-Side Duplex in Lodi

      Unique duplex with flexible space, ideal for living or investment.
      89 Norwood Ave, Lodi Boro, NJ 07644-2812
      View Details
    • $977,000

      Spacious Lodi Two-Family Home

      Unique side-by-side duplex with finished basements and fenced yard.
      89 Norwood Avenue, Lodi, NJ 07644
      View Details
    • $1,100,000
      2,200 SF

      Lodi Warehouse with Billboard

      Warehouse with high ceilings, parking, and income-producing billboard.
      8 Us Highway 46, Lodi Boro, NJ 07644
      View Details
    • $1,100,000
      2,200 SF

      Lodi Warehouse with Billboard

      Warehouse with high ceilings, garage doors, and outdoor parking.
      8 US-46, Lodi, NJ 07644
      View Details
    • $1,198,888
      5,900 SF

      Versatile Commercial Building with Income

      Mixed-use building with income potential in prime commuter location.
      42 Home #40, Lodi, NJ 07644
      View Details
    • $1,200,000
      3,000 SF

      Freestanding Retail/Restaurant Building on Route 46

      Freestanding, renovated 3,000 SF retail/restaurant building for sale.
      72 US-46, Lodi, NJ 07644
      View Details
    • $125,000

      Established Daycare Business Opportunity

      Turnkey daycare business with permits for up to 25 children.
      273 Garibaldi, Lodi, NJ 07644
      View Details
    • $659,000
      1,400 SF

      Free-Standing Brick Professional Office Building

      Free-standing brick building suitable for professional office or medical practice.
      116 Terrace Ave, Lodi, NJ, 07644-2905
      View Details
    • $2,995,000
      18,540 SF

      Retail Shopping Center For Sale

      Retail shopping center with 18,540 SF available for sale.
      119 US Hwy 46 W, Lodi, NJ
      View Details
    • $1,290,000

      Profitable Car Wash Business Opportunity

      Established car wash business for sale in high-traffic location.
      75 Route 46, Lodi, NJ 07644
      View Details
    • $1,198,888
      5,900 SF

      Industrial Property For Sale

      5,900 SqFt industrial property available for purchase.
      40-42 Home Pl, Lodi, NJ 07644
      View Details
    • $1,399,000

      Freestanding Medical Office Building For Sale

      Freestanding medical office building, renovated in 2009, with parking.
      47-49 Main, Lodi, NJ 07644
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property in Lodi, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 247 Grove Street Lodi, NJ.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: Income‑generating basement apartment.; Two‑bedroom, one‑bath main level unit.; Large backyard.
    (201) 952-6042
    We can help!
    Listing Contact
    Sharon Bene
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!