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Gutted Multifamily Property
New
For Sale
$599,000

525 Leo St, Hillside, NJ 07205

Interior demolition is complete, and the property is offered in its current, as-is condition.

Property Size4,252 SF
Price / SF$140.87
Days on Market2

Property Features for 525 Leo St

General Information

Standard status Active
Size 4,252 SF
Property subtype Multi Family

Property Condition

Severity Major Repairs Needed
Evidence fully gutted

Site & Location

Highway Access Yes
Public Transit Yes

Taxes and HOA fees

Annual Taxes $13,704

Building Details

Year Built 1934
Units 2
Listed By: CHRISTIAN TORRES
Source: Elliman
Added: Oct 4 Last Checked: Oct 5 at 6:02PM

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 CHRISTIAN TORRES

Investment Insights

Based on property information with market context.

Built in 1934, this approximately 4,252-square-foot multifamily property has been stripped of its interior finishes through completed demolition. The property is being sold as-is, with the purchaser responsible for verifying zoning, permitted uses, approvals, permits, certifications, and other project requirements.

The property is in a residential area of Hillside, near schools, shopping, public transportation, and major highways. Its reported Walk Score is 78 and Bike Score is 48.

Key Highlights

  • Approximately 4,252 square feet
  • Interior demolition has been completed
  • Built in 1934

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Catering Service Nursing Home Veterinary Clinic Locksmith

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,130
Businesses Nearby

Demographics for 07205, NJ

22,432
Population
7,550
Households
3
Avg Household Size
39
Median Age
29%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
8,011
Density / Sq Mi
$98,558
Median Household Income
$47,633
Median Earnings
$1,712
Median Rent
$363,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - Interior demolition is complete, and the property is offered in its current, as-is condition.
Where is this multifamily property located?
The property is located at 525 Leo St Hillside, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 4,252 square feet; Interior demolition has been completed; Built in 1934
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