Discover an unparalleled investment opportunity in Edgewater NJ featuring 3 residential units and 1 commercial space. This fully occupied mix-use property offers two 1 bedroom units, one 2 bedroom unit and retail space on the street level. Ideal for those wishing to enjoy a high-quality residence while generating rental income from well-maintained units, or for investors looking to add to the property value by adding one to two more units to the existing single family home. Don't miss the chance to capitalize on this versatile and lucrative real estate opportunity. This wonderful Edgewater's location and attractions further contribute to the investment potential of this property. Being close to all the great things the city has to offer, such as entertainment venues, restaurants, parks, and easy commute to NYC.
Building is fully rented with long term paying tenants and leases. 1st floor Nail Salon $5000 PER MO. 2nd-floor 2 bed $2100, 3rd 1 bed $1900 PER MO, 4th floor 1 bed $1900. Must show pre-approval for a mixed use building before showing. 1 commercial space + 3 residential units. Laundry room. Free municipal parking with permit.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
75 ft.
Lot depth
130 ft.
Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Bergen County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 21, 2023.
B-2
Shadyside Mixed-Use District
The B-2 Shadyside Mixed Use District is designed to acknowledge the area's unique characteristics which is typified by small lot sizes, side-line-to-side-line building arrangements, and compatible building heights, and to promote a comprehensive design which will provide a theme identifying the district. The zoning should allow for development involving a mixture of compatible commercial, attached residential land uses, and related activities. This area shall be planned on the basis of an integrated, comprehensive design with respect to the location and relationship of buildings, parking, landscape amenity, architectural elements, environmental features, roads, pedestrian walkways, access to the surrounding road network, and utilities.
Permitted uses
Include but are not limited to:
Commercial & retail
Bank
Day care facility
Housing-Multiple units
Office
Museum / gallery
Historical weather
Edgewater, NJ • 07020
Average low and high temperatures (°F)
36
26
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28
55
39
64
48
71
57
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73
82
68
76
64
67
54
55
44
41
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
50/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
5 hrs
2.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 258 Old River Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $750,000 and $1,887,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $750K to $1.9M.