Mixed-Use Property with Highway
241-243 Us Highway 206, Stanhope, NJ 07874
MULTI_FAMILY - Stanhope Boro, NJ
Property size:
3,873 SFLot size:
0.69 AcresPrice / SF:
$232/SF- Added:
- May 7, 2026
- Days on Market:
- 63
- Last Refresh:
- Jul 8 at 5:06 pm
Property Features for 241-243 Us Highway 206
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- PIC
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 3
- Parking
- 15
- Standard status
- Active
- Size
- 3,873 SF
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12046
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent MICHAEL HAUCK
Listing office REALTY EXECUTIVES EXCEPTIONAL 1501 HAMBURG TURNPIKE, Fairfield, NJ (973) 696-8800
Listing date May 7, 2026
MLS# 4026035
Listing URL
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.
HighLights
- Approximately 3,873 SF mixed‑use building on 0.68 acres with Highway frontage on U.S. Route 206
- Parking for up to 15 vehicles
- Residential unit: 1,248 SF three‑bedroom apartment
- Commercial/light industrial space: 2,665 SF currently used for small engine repair (flexible for other uses)
- Year built: 1948; shingle roof; baseboard hot‑water heating
- Public utilities: public water and public sewer; cable available; business not for sale (owner may consider leaseback)
Overview
The property is a mixed-use building totaling approximately 3,873 SF on about 0.69 acres, arranged to combine a residential unit with commercial/light industrial space. The residential component is a 1,248 SF three-bedroom apartment. The remaining 2,665 SF is designed for commercial or light industrial use and is currently utilized for small engine repair.
Located in Stanhope, NJ, the site sits along the U.S. Route 206 commercial corridor with notable highway frontage. The offering also includes parking for up to 15 vehicles and is described as positioned just off Interstate 80, supporting straightforward access for customers, tenants, or visitors.
This configuration can fit investors seeking both residential income and flexible non-residential space, as well as owner-users and live-work operators looking to combine uses on one site. The current business is not for sale and is expected to relocate within Sussex County; the owner may consider a leaseback arrangement. The property is listed under zoning described as PIC.
Located in Stanhope, NJ, the site sits along the U.S. Route 206 commercial corridor with notable highway frontage. The offering also includes parking for up to 15 vehicles and is described as positioned just off Interstate 80, supporting straightforward access for customers, tenants, or visitors.
This configuration can fit investors seeking both residential income and flexible non-residential space, as well as owner-users and live-work operators looking to combine uses on one site. The current business is not for sale and is expected to relocate within Sussex County; the owner may consider a leaseback arrangement. The property is listed under zoning described as PIC.
Local Financial Insights For Apartment 5plus
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 | $116.2k | $30.00 |
| − Vacancy | −$7.9k | −$2.04 |
| EGI | $108.3k | $27.96 |
| − OpEx | −$48.7k | −$12.58 |
| NOI | $59.6k | $15.38 |
3,873 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$850.8K
$744.5K – $992.7K
NOI $59,559 @ 7.0% cap · market cap 6.63%
Second Best
Industrial
$621.0K
$543.4K – $724.5K
NOI $43,472 @ 7.0% cap · market cap 4.84%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Stanhope
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.7171378
- Latitude
- 40.9167556
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building in Stanhope with residential apartment and commercial/light industrial space, plus parking for up to 15.
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: Approximately 3,873 SF mixed‑use building on 0.68 acres with Highway frontage on U.S. Route 206; Parking for up to 15 vehicles; Residential unit: 1,248 SF three‑bedroom apartment
