Mixed-Use Property with Route
For Sale
$899,000
241-243 Us Highway 206, Stanhope, NJ 07874
Multi-Family, 2-Two Story, Stanhope Boro, NJ
Property Size3,873 SF
Lot Size0.69 Acres
Price / SF$232.12
Days on Market180
Property Features for 241-243 Us Highway 206
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PIC
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Basement, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking
15
Lot features
Irregular Lot
Directions
From Route 80W, take exit 25 to US 206N toward Stanhope & Newton. 1.1 miles on right side.
Standard status
Active
Size
3,873 SF
Lot size
0.69 Acres
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12046
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1948
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
REALTY EXECUTIVES EXCEPTIONAL · Realty Executives International
(973) 696-8800
Listed By:
MICHAEL HAUCK · License #296451
Added: May 7
Changed: Oct 24
Last Checked: Nov 2 at 12:06PM
MLS# 4026035
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,873-square-foot mixed-use property on U.S. Route 206 includes residential apartment space and a commercial/light industrial area. The commercial portion is currently used for small engine repair. The building dates to 1948 and has public water and sewer service.
The 0.68-acre site has parking for up to 15 vehicles and frontage on U.S. Route 206. Interstate 80 is nearby. Zoning is PIC. The current business is expected to relocate within Sussex County; the owner may consider a leaseback arrangement.
The 0.68-acre site has parking for up to 15 vehicles and frontage on U.S. Route 206. Interstate 80 is nearby. Zoning is PIC. The current business is expected to relocate within Sussex County; the owner may consider a leaseback arrangement.
Key Highlights
- 3,873‑square‑foot mixed‑use building
- Apartment and commercial/light industrial space
- Parking for up to 15 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,559
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,180
$1.2M
Cap Rate 7%
$850,843
$850.8K
Cap Rate 9%
$661,767
$661.8K
Market Conditions
NOI Build-Up for 3,873 SF
Gross rent
$116.2K $30.00/SF
− Vacancy
−$7.9K −$2.04/SF
EGI
$108.3K $27.96/SF
− OpEx
−$48.7K −$12.58/SF
NOI
$59.6K $15.38/SF
Area
Sussex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,180
Cap Rate 7%
$850,843
Cap Rate 9%
$661,767
Alternative Uses
Best Use
Apartment 5plus
$850.8K
$744.5K – $992.7K
NOI $59,559 @ 7.0% cap · market cap 6.63%
Second Best
Retail
$789.7K
$691.0K – $921.3K
NOI $55,280 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.01M
$884.9K – $1.18M
NOI $70,792 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
6,566 visits/mo
0.1 miles
Exxon
Shops & Services
5,058 visits/mo
0.2 miles
Metro Self Storage
Shops & Services
400 visits/mo
0.3 miles
Demographics for 07874, NJ
8,639
Population
3,325
Households
2.6
Avg Household Size
43
Median Age
39%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
1,016
Density / Sq Mi
$125,517
Median Household Income
$59,407
Median Earnings
$1,735
Median Rent
$336,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines an apartment with commercial/light industrial space along the U.S. Route 206 corridor.
Where is this mixed-use property located?
The property is located at 241-243 Us Highway 206 Stanhope, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,873‑square‑foot mixed‑use building; Apartment and commercial/light industrial space; Parking for up to 15 vehicles
