Five-Unit Apartment Building for
For Sale
$349,900
4 Ward Ave, Leesburg, NJ 08327
Five-unit apartment building with rehab potential in historic mansion.
Property Size4,800 SF
Price / SF$72.90
Days on Market209
Property Features for 4 Ward Ave
General Information
Standard status
Active
Size
4,800 SF
Building Details
Year Built
1850
Listing Agency:
M Riccardi Agency Inc
Listed By:
Michael E Riccardi · License #RM-420502
(215) 353-0492
Source:
Kandorre
Added: Mar 27
Changed: Oct 2
Last Checked: Oct 7 at 1:55PM
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
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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
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Location Intelligence
Trade Area within ½ mile
24
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 Ave 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.
