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    Mixed-Use Property in Botany Village Title is generated by Realmo AI

    205 Parker Ave Clifton City, Clifton, NJ 07011

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    For Sale
    $875,000

    Four-unit mixed-use property with separate utilities and new roof.

    Type:Commercial
    Property size:
    3,178 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $275/SF
    Added:
    Aug 22, 2025
    Days on Market:
    293
    Last Refresh:
    May 11 at 1:31 am

    Property Features for 205 Parker Ave Clifton City

    General Information

    Standard status
    Active
    Size
    3,178 SF
    Lot size
    0.06 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

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    Listing Contact
    JOSE PEREZ

    Listing agent JOSE PEREZ

    Listing office HOWARD HANNA RAND REALTY

    Listing date Aug 22, 2025

    Source Corcoran

    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 HOWARD HANNA RAND REALTY

    HighLights

    • New Roof (2025)
    • No Rent Control
    • Four Units: 3 Residential, 1 Commercial
    • All Separate Utilities (4 Gas Meters, 5 Electrical Panels, 4 Hot Water Heaters)
    • FHA Approved for Owner Occupancy
    • Designated Parking Available

    Overview

    This four-unit mixed-use property is located in the historic Botany Village section of Clifton. It features three residential units and one commercial storefront, making it suitable for investors or owner-occupiers. The property is FHA approved, allowing an owner to occupy one unit while collecting rent from the other three. The first floor includes a commercial storefront with an open layout, currently operating as a salon. The rear of the first floor contains a two-bedroom apartment with a living room, eat-in kitchen, and full bathroom. The second floor houses two apartments. The front apartment has two to three bedrooms, a living room, an eat-in kitchen, and a full bathroom. The fourth unit spans two levels and includes two bedrooms, a living room, an eat-in kitchen, and a bonus area on the third level currently used as a bedroom. All units have separate utilities, including four gas meters, five electrical panels, and four hot water heaters. The property includes designated parking lots for Botany Village residents for a small annual fee. A new roof was installed in 2025. There is no rent control, and all leases expire on October 31, 2025. The property size is 3178 square feet.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $81.2k $25.56
    − Vacancy −$5.2k −$1.65
    EGI $76.0k $23.91
    − OpEx −$22.8k −$7.17
    NOI $53.2k $16.74
    3,178 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $759.8K
    $664.9K – $886.5K (±1% cap)
    NOI $53,188 @ 7.0% cap · market cap 6.08%
    Second Best
    Apartment 5plus
    $698.2K
    $610.9K – $814.5K (±1% cap)
    NOI $48,871 @ 7.0% cap · market cap 5.59%
    Theoretical Best
    Office A
    $829.8K
    $726.1K – $968.2K (±1% cap)
    NOI $58,089 @ 7.0% cap · market cap 6.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arima Beauty Salon Hair Salon Total Nail Studio Nail Salon

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1234
    Latitude
    40.8747

    FAQs

    What type of property is this?
    Mixed-use property - Four-unit mixed-use property with separate utilities and new roof.
    Where is this mixed-use property located?
    The property is located at 205 Parker Ave Clifton City Clifton, NJ.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: New Roof (2025); No Rent Control; Four Units: 3 Residential, 1 Commercial
    More about this property
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