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    471 Harrison Ave Garfield, NJ 07026

    For Sale
    $1,545,000

    Fully renovated 5-unit property in high-demand rental area.

    Lot size:
    0.18 Acres

    Property Features for 471 Harrison Ave

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1900

    Source: PROMINENT PROPERTIES SIR Agent JASON PIERCE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Property in Garfield

    Located at 471 Harrison Ave in Garfield, this is a fully gut-renovated 5-unit multifamily property. It offers consistent rental income and comprises four 1-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. All units are fully occupied, and each apartment has separate utilities. The property was renovated four years ago and features updated interiors and modern finishes. A coin-operated laundry machine is located in the basement, providing additional income. Situated in a high-demand rental area of Bergen County, this low-maintenance property is suitable for investors seeking immediate returns and long-term value. The location provides convenient access to shopping, restaurants, highways, and transit options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garfield
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.093544
    Latitude
    40.881992

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated 5-unit property in high-demand rental area.
    Where is this apartment building located?
    The property is located at 471 Harrison Ave Garfield, NJ.
    What is the asking price?
    The asking price for this property is $1,545,000.
    What are key features of this property?
    This property features: - Fully gut-renovated 5-unit multifamily property providing stable, consistent rental income.; - All units are fully occupied, ensuring immediate returns for investors.; - Features separate utilities for each apartment, simplifying management.
    (201) 568-5668
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    471 Harrison Ave Garfield, NJ 07026
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