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Apartment Building/Multi-use 22 E Quackenbush Ave 13 Unit Apartment Building $1,900,000 ($146,154/Unit) 7.09% Cap Rate Dumont, NJ 07628
INVESTMENT HIGHLIGHTS
- 9 residential apartments + 4 commercial units
- Strong in-place income at a 7% cap rate
- High-demand rental area with steady occupancy
- On site parking
EXECUTIVE SUMMARY
Excellent investment opportunity to acquire a centrally located mixed-use property offering immediate income and strong future upside. This well-maintained and recently renovated building features 9 residential apartments and 4 commercial units. Just steps from public transit, shops, restaurants, and everything downtown Dumont has to offer. Offered at an attractive 7% cap rate, this property delivers steady cash flow from day one. The building just received a 5 year green card.
PROPERTY FACTS
| Price | $1,900,000 | Building Class | C |
| Price Per Unit | $146,154 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 7,000 SF |
| Cap Rate | 7.09% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2025 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RA | ||
| Price | $1,900,000 |
| Price Per Unit | $146,154 |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1940/2025 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RA |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 10-01217-0000-00014 | Improvements Assessment | $1,033,300 |
| Land Assessment | $313,200 | Total Assessment | $1,346,500 |
PROPERTY TAXES
Parcel Number
10-01217-0000-00014
Land Assessment
$313,200
Improvements Assessment
$1,033,300
Total Assessment
$1,346,500
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Apartment Building/Multi-use | 22 E Quackenbush Ave
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