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Renovated Two-Unit Residential Income Property
For Sale
$1,200,000

92 3rd Avenue, Garwood, NJ 07027

Two renovated units each offer updated interiors, with separate yard access and an oversized detached two-car garage.

Property Size2,620 SF
Price / SF$600
Days on Market43

Property Features for 92 3rd Avenue

General Information

Standard status Active
Size 2,620 SF
Total Parking Spaces 2
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $18,205

Amenities

Ceiling Fan(s), Central Air
Forced Air, Natural Gas
Full, Unfinished
Gas Water Heater
Walk-In Closet(s)
Oversized, Detached
2-Two Story

Building Details

Building Size 2,620 SF
Year Built 1924
Year Renovated 2020
Stories 2
Tenancy Multi
Listing Agency:
Listed By: VIRGINIA ZACHARIADES
Source: Evrealestate
Added: Jul 18 Changed: Aug 25 Last Checked: Aug 28 at 8:24AM

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 VIRGINIA ZACHARIADES

Investment Insights

Based on property information with market context.

This for-sale two-unit residential income property was completely renovated in 2020 and is being sold “AS IS.” Unit 1 is a sun-filled first-floor residence with 2 bedrooms and walk-in closets, including a master suite, plus 2 full bathrooms. The layout includes a nice-size living room, ample dining space, and a large eat-in kitchen with stainless steel appliances, including a dishwasher. High ceilings with recessed lighting are featured, and laundry is located in the basement. Unit 2 is a beautifully updated 2nd-floor rental with 3 bedrooms, including a master en suite, and 2 full bathrooms. It includes a covered front porch, your own entrance, central air, forced hot air, and a kitchen with a farmhouse-style sink, peninsula island seating, and granite countertops, along with updated stainless steel appliances.

The property is located on a residential street in Garwood, NJ, and Unit 1 has its own side yard. An oversized detached 2-car garage includes a workshop in the back.

Key Highlights

  • Two renovated rental units (2020) in a building built in 1924, offered AS IS.
  • Unit 1: first‑floor 2BR/2BA with walk‑in closets, updated interiors, high ceilings with recessed lighting, and laundry in the basement.
  • Unit 2: second‑floor 3BR/2BA with central air and forced hot air, covered front porch and private entrance.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Daycare Center Pet Grooming 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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

810
Businesses Nearby

Demographics for 07027, NJ

4,454
Population
2,093
Households
2.1
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
0.7 sq mi
ZIP Area
6,363
Density / Sq Mi
$100,948
Median Household Income
$71,328
Median Earnings
$1,603
Median Rent
$509,800
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?
Duplex - Two renovated units each offer updated interiors, with separate yard access and an oversized detached two-car garage.
Where is this duplex located?
The property is located at 92 3rd Avenue Garwood, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two renovated rental units (2020) in a building built in 1924, offered AS IS.; Unit 1: first‑floor 2BR/2BA with walk‑in closets, updated interiors, high ceilings with recessed lighting, and laundry in the basement.; Unit 2: second‑floor 3BR/2BA with central air and forced hot air, covered front porch and private entrance.
More about this property
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