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Apartment Building with Garages
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56 Unionville Ave, Sussex, NJ 07461

Garden-style apartment property with renovated decks, updated water heaters, and separately metered tenant utilities.

Property SizeContact for details
Days on Market145

Property Features for 56 Unionville Ave

General Information

Standard status Active
Total Parking Spaces 10
Property subtype Multifamily
Occupancy 100%

Additional Details

Opportunity Zone Yes
Utilities to Site Yes
Multifamily Units 10

Building Details

Buildings 1
Construction garden-style
Listing Agency: Fairclough Realtors
Listed By: Clayton Pannasch · License #1537153
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 2:39PM

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 Fairclough Realtors

Investment Insights

Based on property information with market context.

This garden-style apartment property contains 10 units and 10 rental garages in a solid brick masonry building. Recent work includes renovated decks and newer water heaters. Each apartment has separately metered 100-amp electric service, while the building is supplied by 600-amp service. Tenant infrastructure includes hot water, heat, and cooking utilities.

The property is served by municipal water and sewer and includes ample parking. Apartments are fully occupied, providing an existing residential income configuration with garage rentals as an additional component. Located at 56 Unionville Ave in Sussex, New Jersey, the property combines apartment housing, dedicated garage space, and updated building systems in one asset.

Key Highlights

  • 10‑unit garden‑style apartment building with 10 rental garages
  • 100% occupied and fully rented
  • Solid brick masonry construction with renovated decks and newer water heaters

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Grocery & Convenience Store Parking Lot & Garage Storage Facility Law Firm

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

10
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

285
Businesses Nearby

Demographics for 07461, NJ

18,530
Population
7,972
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
83.0 sq mi
ZIP Area
223
Density / Sq Mi
$104,441
Median Household Income
$46,590
Median Earnings
$1,456
Median Rent
$338,500
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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Frequently Asked Questions

What type of property is this?
Apartment building - Garden-style apartment property with renovated decks, updated water heaters, and separately metered tenant utilities.
Where is this apartment building located?
The property is located at 56 Unionville Ave Sussex, NJ.
What are key features of this property?
This property features: 10‑unit garden‑style apartment building with 10 rental garages; 100% occupied and fully rented; Solid brick masonry construction with renovated decks and newer water heaters
(973) 726-7800 Call to check price and availability
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