139 Fairview Ave, Prospect Park Boro, NJ 07508
Passaic County
Key Facts
Description
Exceptional and rare investment opportunity in the heart of Prospect Park! This income-producing 4-family property features a desirable unit mix of two 2-bedroom units, one 1-bedroom unit, and one studio apartment, offering diversified rental income and broad tenant appeal. Property highlights include separate utilities and a detached garage. The current rent roll is approximately $6,500 per month. One 2-bedroom unit is currently vacant, providing immediate leasing potential at market rent. An additional 2-bedroom unit is rented on a month-to-month basis, the 1-bedroom unit is leased at market value, and the studio is currently rented below market value, offering future income growth opportunities. Investors have the potential to increase cash flow through future rent adjustments and strategic management. Whether you're expanding an existing portfolio or seeking a stable multi-family asset with upside potential, this property presents an excellent opportunity in a strong rental market. Conveniently located near shopping, dining, parks, schools, and major transportation routes, with easy access to surrounding towns and commuter options.The entire property has not been photographed and must be seen to be fully appreciated. Security deposit information will be disclosed. All square footage figures are approximate and should not be relied upon as exact measurements.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story
Stories
3
Living Area
2,700 sq ft
Lot Size
0.11 acres
Garage Spaces
1
Days on Market
1
MLS® Listing#
4035708
Property Features
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Construction
Roof
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$15,571
Tax year 2025
Assessed Value
$249,900
Parcel Number
2510-00030-0000-00019-0000-
Directions
Google Maps
Affordability Calculator
$174,980
Estimated monthly payment
$4,657/mo
Principal $699,920 · Est. interest $976,451 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Prospect Park Boro, NJ
- $678,947
- Median Listing Price
- 32
- Median Days on Market
- 2,025
- Median Sq Ft
- $375
- Median Price / Sq Ft
- 1,456
- Active Listings
- This home’s price is 29% above the area median.
- Its price per sq ft is 14% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Prospect Park Boro, NJ.
Location
- 139 Fairview Ave, Prospect Park Boro, NJ 07508
Points of Interest in Prospect Park Boro, NJ
Showing the Prospect Park Boro area map.
Nearby Schools
Learning Center Ready To Learn
School · 0.1 mi away
Prospect Park School District
Elementary · 0.2 mi away
Number 1 Elementary School
Elementary · 0.2 mi away
Al-Hikmah Elementary School
Elementary · 0.2 mi away
Gilmore Memorial Christian Academy
School · 0.3 mi away
Paterson Academy
School · 0.4 mi away
Number 12 Elementary School
Elementary · 0.4 mi away
Manchester Regional High School
Secondary · 0.6 mi away
Boys & Girls Club
School · 0.7 mi away
Number 4 Elementary School
Elementary · 0.7 mi away
Haledon Public School
Elementary · 0.7 mi away
Washington Elementary School
Elementary · 0.7 mi away
Paterson Public Schools
School · 0.8 mi away
Eastern Christian High School
Secondary · 0.8 mi away
School 28
Elementary · 0.8 mi away
School 14
School · 0.8 mi away
St. Gerard Majella School
Elementary · 0.8 mi away
Our Lady of Lourdes
School · 0.9 mi away
The Official Paterson Public School # 10
School · 0.9 mi away
Paterson Public Schools
Elementary · 1.1 mi away
Commute Calculator
Nearby Homes
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Comparable nearby listings and their asking prices.
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|---|---|---|---|---|
| 117 Madison Dr, South Plainfield Boro, NJ | $615,000 | 4 | 2 | — |
| 206 Ann St, Millstone Boro, NJ | $615,000 | 5 | 3 | — |
| 501 E 2Nd Ave, Roselle Boro, NJ | $620,000 | 4 | 3 | — |
| 62 Pinho Ave, Carteret Boro, NJ | $620,000 | 4 | 2 | — |
| 17 Hillside Ave, Netcong Boro, NJ | $624,900 | 5 | 3 | 2,294 |
| 215 Park Ln, Dunellen Boro, NJ | $625,000 | 4 | 3 | — |
Moving Cost Estimate
EXIT Agents in Prospect Park Boro
Listing Courtesy: EXP REALTY, LLC - 8662016210