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Six-Unit Apartment Building
For Sale
$1,378,000

245 Warren Avenue, Fort Lee, NJ 07024

One- and two-bedroom apartments include one vacant residence, while the remaining units are leased month to month.

Property SizeContact for details
Days on Market15

Property Features for 245 Warren Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Units

Unit Mix 5 x 1BR, 1 x 2BR
Multifamily Units 6

Additional Details

Public Transit Yes
Listing Agency: The Agency One Rock-Fort Lee
Listed By: Sara Shin
Source: Serhant
Added: Aug 18 Changed: Aug 31 Last Checked: Aug 30 at 10:32PM

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 The Agency One Rock-Fort Lee

Investment Insights

Based on property information with market context.

This six-unit apartment property contains five one-bedroom apartments and one two-bedroom apartment. One residence, identified as Unit 3, is vacant, while the other apartments are occupied under month-to-month leases. The property is being sold as-is and was built in 1970.

Located at 245 Warren Avenue in Fort Lee, the property is within walking distance of Abbott Boulevard, NYC bus transportation, schools, and other local amenities. The apartment mix and current lease structure provide a clear overview of the existing configuration for prospective purchasers.

Key Highlights

  • Six apartments: five one‑bedroom units and one two‑bedroom unit
  • Unit 3 is vacant
  • Five units are occupied under month‑to‑month leases

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center Law Firm Tattoo & Piercing Shop Storage Facility Parking Lot & Garage (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

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,283
Businesses Nearby

Demographics for 07024, NJ

40,171
Population
19,748
Households
2
Avg Household Size
46
Median Age
65%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
16,068
Density / Sq Mi
$105,594
Median Household Income
$71,008
Median Earnings
$2,257
Median Rent
$422,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - One- and two-bedroom apartments include one vacant residence, while the remaining units are leased month to month.
Where is this apartment building located?
The property is located at 245 Warren Avenue Fort Lee, NJ.
What is the asking price?
The asking price for this property is $1,378,000.
What are key features of this property?
This property features: Six apartments: five one‑bedroom units and one two‑bedroom unit; Unit 3 is vacant; Five units are occupied under month‑to‑month leases
More about this property
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