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Three-Family Residential Income Home
For Sale
$849,900
Pending

162 Forest Avenue, Lyndhurst, NJ 07071

Three separate units include two-bedroom and two one-bedroom layouts on an oversized lot.

Property SizeContact for details
Days on Market77

Property Features for 162 Forest Avenue

General Information

Standard status Pending
Property subtype 2-4 Family

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $10,709

Amenities

4
3
3.0
10
Full unfinished

Building Details

Year Built 1900
Tenancy Multi
Listing Agency: Keller Williams Park Views
Listed By: Daniel Simone
Source: Compass
Added: Jun 22 Changed: Aug 8 Last Checked: Jul 24 at 12:24PM

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 Keller Williams Park Views

Investment Insights

Based on property information with market context.

This three-family residential income home offers three separate, functional living layouts. The first-floor unit includes two bedrooms, a living room, an eat-in kitchen, and access to basement storage. The second-floor unit features one bedroom, a living room, a kitchen, and a full bathroom. The third unit is similarly configured with one bedroom, a living room, a kitchen, and a full bathroom. The property is offered for sale in as-is condition and would benefit from updating and cosmetic improvements.

The home is located in Lyndhurst, with convenience to public transportation and easy access to New York City.

With three independently arranged apartments and basement storage connected to the first-floor unit, the property is well suited for buyers seeking a multi-unit residential setup.

Key Highlights

  • Three‑family home with 3 full baths and 4 bedrooms total
  • Unit 1: 2‑bedroom unit with living room and eat‑in kitchen, plus basement storage access
  • Units 2 & 3: each features 1 bedroom, living room, kitchen, and a full bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Daycare Center (Bike/Boat/Book/etc) Store

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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,069
Businesses Nearby

Demographics for 07071, NJ

22,519
Population
9,839
Households
2.3
Avg Household Size
40
Median Age
40%
College-Educated
90%
High-School Grad
4.6 sq mi
ZIP Area
4,895
Density / Sq Mi
$109,021
Median Household Income
$65,401
Median Earnings
$1,719
Median Rent
$496,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Three separate units include two-bedroom and two one-bedroom layouts on an oversized lot.
Where is this triplex located?
The property is located at 162 Forest Avenue Lyndhurst, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Three‑family home with 3 full baths and 4 bedrooms total; Unit 1: 2‑bedroom unit with living room and eat‑in kitchen, plus basement storage access; Units 2 & 3: each features 1 bedroom, living room, kitchen, and a full bathroom
More about this property
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