105 Parkview Avenue, Elmwood Park, NJ 07407

Property Description

Unique investment opportunity in North Jersey delivering immediate cash flow. This state-licensed 8-unit boarding house generates approximately $7,200 per month in gross rental income with month-to-month leases in place. Average tenant stay is about one year, with several long-term residents providing added stability. Each room is furnished with a bed, dresser, TV, and window A/C. Common areas are fully equipped with essential cooking and cleaning supplies. The property features two shared kitchens and two shared bathrooms (one per floor), plus a top-floor studio with a private half bath. Two car detached garage. High-yield asset producing ~$7,205/mo ($86,460/yr) in gross revenue (rooms + parking). Current NOI approximately $60,045/year (~9.24% cap at ask) with meaningful upside via modest rent optimization (pro forma cap ~9.87% at $900/room). Month-to-month occupancy model with established screening process and optional full-service management available. Key updates include new roof/chimney (2022), boiler (2020), and security cameras (2024), plus ongoing interior improvements. Buyer to verify all financials and licensing requirements.

Listing Status:

Active

Date Added:

February 15, 2026

Data Last Updated:

May 10, 2026 at 2:00PM

Listing Office:

United Real Estate : 888-501-6953

Listing Agent:

Burak Brian Bilgec : 201-870-3922

MLS ID:

26005110

Construction

• Roofing: AsphaltPeaked

Location

• County: BERGEN