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    126 Prospect St Dover, NJ 07801

    For Sale
    $499,900

    Two-family home with great living space and strong rent potential.

    Lot size:
    0.12 Acres

    Property Features for 126 Prospect St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1900

    Source: COLDWELL BANKER REALTY Agent DEB SPRUNG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Family Home Near Town

    This two-family home is located near town and offers substantial living space in each unit. The property features ample storage, natural daylight, and large bedrooms. Off-street parking is available, and the property includes a fenced rear yard. The property has the potential for a strong rent roll. Natural gas is available in the home, offering the possibility to convert from oil heat to gas. The current tenants are on a month-to-month agreement. The location provides convenient access to the NYC train and nearby bus service, parks for recreation, and a variety of dining options. The property is also located near the Rockaway Mall, Target, Walmart, and Routes 80, 46, 15, and 10. The floor plans offer versatile options for office, playroom, media room, or den use.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.5651158
    Latitude
    40.8801483

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    FAQs

    What type of property is this?
    Duplex - Two-family home with great living space and strong rent potential.
    Where is this duplex located?
    The property is located at 126 Prospect St Dover, NJ.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Two-family home offers potential rental income to offset housing expenses.; - Convenient location near NYC train and bus lines for easy commuting.; - Ample living space and large bedrooms in both units.
    (973) 263-0400
    Request Owner's contact information
    126 Prospect St Dover, NJ 07801
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    Dover, NJ 07801
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    Realmo Value Estimation

    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.

    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.

    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
    126 Prospect St Dover, NJ 07801
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