Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated 2BR Apartment in Garwood Title is generated by Realmo AI

    609 Willow Ave, Garwood, NJ 07027

    View on Map
    Claim this Listing
    For Lease
    $2,500 /Mo

    Renovated 2BR apartment with private entrance and backyard access.

    Type:Multi Family
    Added:
    May 15, 2026
    Days on Market:
    13
    Last Refresh:
    May 15 at 6:16 am

    Property Features for 609 Willow Ave

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1943

    We can help!

    Listing Contact
    ARTHUR HEARNS

    Listing agent ARTHUR HEARNS

    Listing office

    Listing date May 15, 2026

    Source Elliman

    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 ARTHUR HEARNS

    HighLights

    • Excellent commuter location: Minutes from Garwood and Westfield train stations with convenient NYC transportation.
    • Renovated first floor apartment with private entrance and direct backyard access.
    • Updated kitchen with stainless steel appliances and breakfast bar.
    • Includes a detached 1 car garage, driveway parking, and additional street parking.
    • Dedicated basement washer and dryer, large private storage room, and additional garage loft storage.
    • Pet‑friendly: One pet permitted under 20 lbs.

    Overview

    This renovated first-floor, 2-bedroom apartment is located on a quiet dead-end street in Garwood. The well-maintained unit features a private entrance with direct backyard access, an updated kitchen with stainless steel appliances and a breakfast bar, hardwood and tile flooring, and a dedicated basement with a washer and dryer. A large private storage room and additional garage loft storage are included. Parking options consist of a detached 1-car garage, driveway parking, and additional street parking. One pet under 20 lbs is permitted. The location is convenient for commuters, with proximity to the Garwood and Westfield train stations, downtown restaurants, shopping, and NYC transportation. NTN background check, income verification, and renters insurance are required. The property is available immediately. The bike score is 59, indicating it is bikeable. The walk score is 69, meaning it is somewhat walkable, and the transit score is 20, indicating minimal transit options.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Garwood
    County
    Union
    State
    New Jersey
    Longitude
    -74.3305541
    Latitude
    40.649872

    Nearby Similar for Lease

    • $2,725/Mo

      Multi Family

      105 Center St 2, Garwood, NJ 07027-1265
      View Details
    • $2,400/Mo

      Spacious Apartment in Prime Location

      Bright, two-bedroom apartment near transit, shopping, and dining.
      400 Myrtle Ave 2, Garwood, NJ 07027-1214
      View Details
    • $1,775/Mo

      Garwood Apartment Near Transportation

      One-bedroom apartment near train, bus, shopping, and restaurants.
      439 Willow Ave, Garwood, NJ 07027-1247
      View Details
    • $14 SF/Yr
      3,300 SF

      Industrial Space Available for Lease

      3,300 SF industrial property available for lease.
      618 South Ave, Garwood, NJ
      View Details
    • $3,500/Mo
      600 SF

      Garwood Yard/Storage Space Available

      Flexible-use spaces with parking and outdoor storage in a convenient location.
      34 North Ave, Garwood, NJ 07027-1138
      View Details
    • $9 SF/Yr
      28,620 SF

      Garwood Warehouse Space Available

      28,620 SF warehouse space for lease in Garwood, NJ.
      520 South Ave, Garwood, NJ
      View Details
    • Contact for pricing
      5,928 SF

      Garwood Retail Space in Mixed-Use

      Retail space in new mixed-use project with 296 residential units.
      450 South Ave, Garwood, NJ
      View Details
    • $15 SF/Yr
      9,260 SF

      Garwood Warehouse and Industrial Space

      Two buildings totaling 28,460 SF available for lease.
      477 North Ave, Garwood, NJ
      View Details
    • $15 SF/Yr
      19,210 SF

      Industrial Buildings with A/C

      Two industrial buildings totaling 28,460 SF available for lease.
      475 North Ave, Garwood, NJ
      View Details
    • Contact for pricing

      Retail Space Near Garwood Station

      Retail space with high visibility near train and ShopRite.
      508 North Ave, Garwood, NJ 07027
      View Details
    • Contact for pricing
      5,000 SF

      Office / Medical Space Available

      Office or medical space available for lease or sale.
      216 North Ave, Garwood, NJ 07027
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Garwood, New Jersey.
      South Avenue and Center St, Garwood, NJ 07027
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Renovated 2BR apartment with private entrance and backyard access.
    Where is this multifamily property located?
    The property is located at 609 Willow Ave Garwood, NJ.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Excellent commuter location: Minutes from Garwood and Westfield train stations with convenient NYC transportation.; Renovated first floor apartment with private entrance and direct backyard access.; Updated kitchen with stainless steel appliances and breakfast bar.
    We can help!
    Listing Contact
    ARTHUR HEARNS
    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

    Thank You for Inquiry
    609 Willow Ave, Garwood, NJ 07027-1229
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!