228 Willow Ave Garwood, NJ 07027
Estimated payment $4,641/month
About This Home
Well-maintained two-family home located just blocks from downtown Garwood and in close proximity to the train station, offering a compelling opportunity for investors or those seeking an income-producing property. Both units are currently rented, providing immediate and consistent cash flow. Each unit offers 2 bedrooms and 1 full bathroom with hardwood floors throughout and practical, well-maintained layouts. The first-floor unit is larger and features exclusive access to a private deck, currently leased at $2,525/month through 6/30/2027. The second-floor unit includes a bright living and dining area and is leased at $1,500/month through 5/31/2027. Additional features include a shared basement with washer and dryer, recreation space, and a full bathroom, offering added flexibility. A detached two-car garage with loft storage and access to a shared backyard further enhances the propertyâ€TMs overall functionality. Situated on two lots (228 & 224 Willow Avenue) totaling approximately 80 x 100, the property offers added value not commonly found in similar multi-family homes. Located near Garwoodâ€TMs downtown restaurants, shops, and everyday conveniences, with easy access to NJ Transit for commuting. Some photos are virtually staged. Additional photos reflect the property prior to tenant occupancy.
Listing Agent
Prominent Properties Sotheby's International Realty-Ridgewood Listed on: 05/19/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,946
Parking
- 2 Car Garage
Home Design
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Additional Features
- Laundry in Basement
- Lot Dimensions are 80x100
Listing and Financial Details
- Legal Lot and Block 15 / 502
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,523 | $341,700 | $162,000 | $179,700 |
| 2024 | $9,240 | $341,700 | $162,000 | $179,700 |
| 2023 | $9,240 | $341,700 | $162,000 | $179,700 |
| 2022 | $8,994 | $341,700 | $162,000 | $179,700 |
| 2021 | $8,741 | $341,700 | $162,000 | $179,700 |
| 2020 | $8,601 | $341,700 | $162,000 | $179,700 |
| 2019 | $11,204 | $110,700 | $40,100 | $70,600 |
| 2018 | $10,965 | $110,700 | $40,100 | $70,600 |
| 2017 | $10,699 | $110,700 | $40,100 | $70,600 |
| 2016 | $10,424 | $110,700 | $40,100 | $70,600 |
| 2015 | $10,290 | $110,700 | $40,100 | $70,600 |
| 2014 | $9,921 | $110,700 | $40,100 | $70,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/19/2026 05/19/26 | For Sale | $689,000 | +132.0% | -- | |
| 05/25/2012 05/25/12 | Sold | $297,000 | -- | -- | View Prior Sale |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $297,000 | None Available | |
| Interfamily Deed Transfer | $20,000 | Chicago Title Insurance Co | |
| Deed | $185,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $117,000 | New Conventional | |
| Previous Owner | $166,400 | Purchase Money Mortgage |
About the Listing Agent
Robert Galvan is a successful Broker Associate providing five-star service to North Jersey and beyond. Over the years, he has passionately provided his clients with an in-depth knowledge of the local real estate market, and continuously remains up-to-date and informed with all aspects of the residential industry. This dedication is supported through his various achievements such as the New Jersey Circle of Excellence award, Bergen Magazine Home Issue 2022 Top Agents mention, and earning his
Robert's Other Listings
Source: New Jersey MLS
MLS Number: 26017894
APN: 06-00502-0000-00015
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Ask me questions while you tour the home.