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Residential Income Property
For Sale
$750,000

116 Lexington Avenue, Dumont, NJ 07628

Well-maintained residential income property with bright interiors, hardwood floors, and a private outdoor yard, delivered vacant.

Property SizeContact for details
Days on Market172

Property Features for 116 Lexington Avenue

General Information

Standard status Active
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $13,340

Amenities

4
2
2.1
1
12
3
Vinyl Siding

Building Details

Year Built 1900
Listing Agency: Prestige Property Group - Montclair
Listed By: Joseph Aziz · License #293956
Source: Compass
Added: Mar 9 Changed: Aug 8 Last Checked: Jul 23 at 6:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prestige Property Group - Montclair

Investment Insights

Based on property information with market context.

116 Lexington Avenue in Dumont, New Jersey is a well-maintained residential income property featuring bright interiors and a functional layout. The home’s layout supports a natural flow between the living, dining, and kitchen areas, with a kitchen that includes ample cabinetry and workspace. Bedrooms offer comfortable accommodations and closet space, and the property includes hardwood flooring and abundant natural light. A private outdoor yard space provides an additional area to relax or enjoy time outdoors.

The property is conveniently located near local shopping, dining, parks, and major transportation routes.

The home will be delivered vacant, offering flexibility for an owner-occupant or an investor seeking to implement their own plan following closing.

Key Highlights

  • 4 bedrooms and 3 total baths (2 full, 1 partial) in a 12‑room layout
  • Hardwood flooring and bright interiors throughout the home
  • Functional living, dining, and kitchen flow for everyday living and entertaining

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Auto Parts Store Grocery & Convenience Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

635
Businesses Nearby

Demographics for 07628, NJ

17,863
Population
6,781
Households
2.6
Avg Household Size
43
Median Age
47%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,402
Density / Sq Mi
$125,585
Median Household Income
$60,663
Median Earnings
$1,778
Median Rent
$469,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Well-maintained residential income property with bright interiors, hardwood floors, and a private outdoor yard, delivered vacant.
Where is this multifamily property located?
The property is located at 116 Lexington Avenue Dumont, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4 bedrooms and 3 total baths (2 full, 1 partial) in a 12‑room layout; Hardwood flooring and bright interiors throughout the home; Functional living, dining, and kitchen flow for everyday living and entertaining
More about this property
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