Building Details

Year Built 1850

Listing Agency: M Riccardi Agency Inc Show Phone

Listed By: Michael E Riccardi · License #8310180 Show Phone

Source: Cummingsrealtors

Added: Mar 27 Changed: Sep 4 Last Checked: Sep 4 at 5:37AM

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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 M Riccardi Agency Inc

Investment Insights

Based on property information with market context.

This is a five-unit apartment building featuring four one-bedroom units and one two-bedroom unit. Located in a historical mansion, the property retains its original charm and character. The building is currently vacant and ready for rehabilitation, presenting a value-add opportunity. Some improvements have already been made, including work on the roof, separate electric systems, concrete, a stone driveway, and some flooring. The property has a size of 4800 square feet and offers significant cash flow potential. One-bedroom units in the area rent from $1000 to $1400 per month, while two-bedroom units rent from $1300 to $1800 per month.

Key Highlights

• High cash flow potential due to below‑market price and strong rental income potential.
• Large 5‑unit apartment building (4 one‑bedroom, 1 two‑bedroom).
• Separate electric meters for each unit.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Kitchen & Bath Showroom Pet Grooming Service Hair Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Explore this area Business Placement

Demographics for 08327, NJ

3,876

Population

223

Households

17.4

Avg Household Size

37

Median Age

3%

College-Educated

80%

High-School Grad

9.6 sq mi

ZIP Area

404

Density / Sq Mi

$60,556

Median Household Income

$7,205

Median Earnings

$166,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - Five-unit apartment building with rehab potential in historic mansion.

Where is this apartment building located?

The property is located at 4 WARD AVENUE Leesburg, NJ.

What is the asking price?

The asking price for this property is $349,900.

What are key features of this property?

This property features: High cash flow potential due to below‑market price and strong rental income potential.; Large 5‑unit apartment building (4 one‑bedroom, 1 two‑bedroom).; Separate electric meters for each unit.