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79 Wessington Ave - Garfield Triplex 3 Unit Apartment Building Offered at $724,900 at a 7.20% Cap Rate Garfield, NJ 07026
Executive Summary
Located in the desirable City of Garfield, Bergen County, just minutes from New York City, this well-maintained, free-standing multifamily property features three spacious
apartment units and is fully rented, generating immediate rental income.
An ideal opportunity for both investors and owner-occupants—live in one unit while the rental income from the other two helps offset your mortgage and operating expenses. All utilities are separately metered, with the exception of cold water.
Conveniently situated near major highways, public transportation, shopping, and local amenities, this property offers strong income potential in a high-demand commuter location.
apartment units and is fully rented, generating immediate rental income.
An ideal opportunity for both investors and owner-occupants—live in one unit while the rental income from the other two helps offset your mortgage and operating expenses. All utilities are separately metered, with the exception of cold water.
Conveniently situated near major highways, public transportation, shopping, and local amenities, this property offers strong income potential in a high-demand commuter location.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $724,900 | No. Units | 3 |
| Price Per Unit | $241,633 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,386 SF |
| Cap Rate | 7.20% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 11 | Year Built | 1900 |
| Price | $724,900 |
| Price Per Unit | $241,633 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 2,386 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $2,450 | - |
| 2+1 | 2 | $1,600 | - |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 21-00108-0000-00020 | Total Assessment | $374,100 |
| Land Assessment | $101,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $272,200 | Tax Year | 2025 |
Property Taxes
Parcel Number
21-00108-0000-00020
Land Assessment
$101,900
Improvements Assessment
$272,200
Total Assessment
$374,100
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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79 Wessington Ave - Garfield Triplex
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