Building Details

Year Built 1940

Buildings 1

Units 3

Listing Agency: KELLER WILLIAMS PROSPERITY REALTY K***@blueflags.com Show Phone

Listed By: KURT A. WUBBENHORST · License #300806

Source: Elliman

Added: Aug 5 Changed: Aug 6 Last Checked: Aug 10 at 8:13AM

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Investment Insights

Based on property information with market context.

Built in 1940, this three-unit residential income property has been renovated throughout and is currently vacant. The layout includes 5 bedrooms and 5 bathrooms across the three units, with quartz countertops in the kitchens and bathrooms, stainless steel appliances, washer/dryer hookups, and central air conditioning. Separate metering for electricity, gas, and water serves each unit.

The property is located at 532 Ringwood Ave in Wanaque, New Jersey. Five private off-street parking spaces provide dedicated resident parking. With no tenants in place, the building offers immediate possession for an owner-occupant or a buyer planning to lease the units, subject to applicable requirements.

Key Highlights

• Three‑unit property with 5 bedrooms and 5 bathrooms
• Renovated throughout and currently vacant
• Separate electricity, gas, and water metering for each unit

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Spa & Massage Center Nail Salon Law Firm Pharmacy Bakery

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

3

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

245

Businesses Nearby

Explore this area Business Placement

Demographics for 07465, NJ

6,350

Population

2,594

Households

2.4

Avg Household Size

49

Median Age

46%

College-Educated

95%

High-School Grad

8.4 sq mi

ZIP Area

756

Density / Sq Mi

$113,673

Median Household Income

$53,333

Median Earnings

$2,008

Median Rent

$381,900

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

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Frequently Asked Questions

What type of property is this?

Triplex - Vacant three-unit property with updated finishes, separate utility metering, and central air conditioning.

Where is this triplex located?

The property is located at 532 Ringwood Ave Wanaque, NJ.

What is the asking price?

The asking price for this property is $899,999.

What are key features of this property?

This property features: Three‑unit property with 5 bedrooms and 5 bathrooms; Renovated throughout and currently vacant; Separate electricity, gas, and water metering for each unit