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Triplex with Garage
For Sale
$1,090,000

81 Lane Ave, Caldwell, NJ 07006

Legal three-unit property with individual laundry, separate electric meters, and a corner-lot setting.

Property SizeContact for details
Days on Market76

Property Features for 81 Lane Ave

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $12,796

Amenities

in-unit washer/dryer

Building Details

Year Built 1920
Units 3
Listing Agency:
Listed By: GRAINNE S. DUGAN
Source: Elliman
Added: Jun 17 Changed: Aug 31 Last Checked: Aug 31 at 1:43AM

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 GRAINNE S. DUGAN

Investment Insights

Based on property information with market context.

This legal triplex, built in 1920, includes three residential units with individual washing machines and dryers. Each unit is separately metered for electricity. The property also includes a three-car garage with divided stalls, a fireplace, and a sizable parking area. The fireplace and garage are being conveyed as-is.

Located at 81 Lane Ave in West Caldwell Township, the property occupies a corner lot with two street entrances and additional outdoor space. The parking lot accommodates at least six cars. Delivery is planned without tenants, providing a vacant property at closing for the next ownership strategy.

Key Highlights

  • Legal triplex built in 1920
  • Three units with individual washing machines and dryers
  • Separate electric meters for each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods Catering Service Butcher

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
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

645
Businesses Nearby

Demographics for 07006, NJ

26,733
Population
10,183
Households
2.6
Avg Household Size
42
Median Age
65%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
2,875
Density / Sq Mi
$148,645
Median Household Income
$74,342
Median Earnings
$1,973
Median Rent
$667,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-unit property with individual laundry, separate electric meters, and a corner-lot setting.
Where is this triplex located?
The property is located at 81 Lane Ave Caldwell, NJ.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Legal triplex built in 1920; Three units with individual washing machines and dryers; Separate electric meters for each unit
More about this property
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