241-243 Us Highway 206, Stanhope, NJ 07874
Multi-Family, 2-Two Story - Stanhope Boro, NJ
- Added:
- May 7, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 23 at 6:06 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
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Kitchen, Living Room, Master Bedroom, Utility Room
- Parking
- 15
- Basement Y/N
- 1
- Appliances
- Range
- Standard status
- Active
- Size
- 3,873 SF
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12046
Utilities
- Heating system
- Baseboard, Hot Water (Heating)
Building Details
- Year built
- 1948
- Number of units
- 2
- Roof type
- Asphalt, See Remarks, Shingle
- Architectural style
- Other
Listing agent MICHAEL HAUCK (973) 575-6700
Listing office REALTY EXECUTIVES EXCEPTIONAL 1501 HAMBURG TURNPIKE, Fairfield, NJ (973) 696-8800
Listing date May 7, 2026
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
- Highly visible mixed‑use property on heavily traveled Route 206.
- Excellent accessibility, located just off Interstate 80.
- Features a 3,873 SF building on 0.68 acres with highway frontage and parking for 15 vehicles.
- Includes a 1,248 SF three‑bedroom residential apartment for stable income or live‑work use.
- Offers a 2,665 SF commercial/light industrial space suitable for various uses.
- Strong income‑generating potential for investors or owner‑users.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Stanhope
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.7171378
- Latitude
- 40.9167556
