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Renovated Two-Unit Multifamily Home
For Sale
$1,125,000

187 North Ave, Cranford, NJ 07016

Renovated two-unit home with two HVAC systems, tankless water heaters, and a detached two-car garage.

Property SizeContact for details
Days on Market29

Property Features for 187 North Ave

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi Family

Additional Details

Highway Access Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $12,524

Amenities

Hardie Plank siding
new roof
mahogany front porch
separate HVAC systems
tankless water heaters
finished full basement
French drain system
detached garage

Building Details

Year Built 1904
Units 2
Tenancy Multi
Listing Agency:
Listed By: MELISSA GONZALES
Source: Elliman
Added: Jul 16 Changed: Aug 10 Last Checked: Aug 13 at 10:50AM

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 MELISSA GONZALES

Investment Insights

Based on property information with market context.

This renovated two-unit multifamily home offers two separate living spaces with a combined four bedrooms and three and a half bathrooms. Major improvements include fully renovated bathrooms, Hardie Plank siding with low-maintenance AZEK exterior trim, a new roof, and a newly installed mahogany front porch. The property also features two HVAC systems installed in 2021 and two tankless water heaters.

A finished full basement provides additional flexible space for everyday living needs. A newly installed French drain system adds additional peace of mind, and a detached two-car garage offers convenient parking and extra storage.

With the home move-in ready condition and extensive exterior and mechanical upgrades, this property presents a well-appointed configuration for tenants seeking separate units within one building.

Key Highlights

  • Renovated two‑unit multi‑family home built in 1904 with 4 bedrooms and 3.5 bathrooms total
  • Two separate HVAC systems installed in 2021, plus two tankless water heaters
  • New roof, fully renovated bathrooms, and Hardie Plank siding with AZEK exterior trim

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Furniture & Home Goods Hotel & Motel Veterinary Clinic Garden Center

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

Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

943
Businesses Nearby

Demographics for 07016, NJ

23,827
Population
9,619
Households
2.5
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
4.7 sq mi
ZIP Area
5,070
Density / Sq Mi
$148,629
Median Household Income
$84,980
Median Earnings
$2,116
Median Rent
$635,800
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?
Duplex - Renovated two-unit home with two HVAC systems, tankless water heaters, and a detached two-car garage.
Where is this duplex located?
The property is located at 187 North Ave Cranford, NJ.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Renovated two‑unit multi‑family home built in 1904 with 4 bedrooms and 3.5 bathrooms total; Two separate HVAC systems installed in 2021, plus two tankless water heaters; New roof, fully renovated bathrooms, and Hardie Plank siding with AZEK exterior trim
More about this property
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