Seller's Agent in 2025
Michael Todaro
Serhant New Jersey LLC
(973) 253-7653
16 in this area
86 Total Sales
2 Morrell Place Garfield, NJ 07026
Estimated Value: $806,690
Studio
--
Bath
--
Sq Ft
--
Built
About This Home
As of December 2025This versatile property offers exceptional potential for both income and growth. Featuring a multi-family home with two residential units plus a commercial retail space currently occupied by a well-established restaurant/catering business. This property delivers built-in cash flow from day one. Additional highlights include an attached one-car garage, a corner lot measuring 50x100 and a location that is close to schools, shopping, public transportation — helping ensure strong tenant demand. Whether youâ€TMre looking to expand your investment portfolio or secure a property with multiple income streams, this opportunity offers the potential to increase returns through rental adjustments or future improvements. Donâ€TMt miss this chance to own a property that blends residential comfort with commercial visibility in a high-demand area.
Property Details
Property Type
- Other
Est. Annual Taxes
- $14,049
Home Design
- Flat Roof Shape
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 14, 2025
Closed on
Dec 29, 2025
Sold by
2 Morrell Place Llc
Bought by
Royal Property Holdings Llc
Seller's Agent
Michael Todaro
Serhant New Jersey LLC
Buyer's Agent
Michael Todaro
Serhant New Jersey LLC
List Price
$890,000
Sold Price
$805,000
Premium/Discount to List
-$85,000
-9.55%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,690
Avg. Annual Appreciation
0.64%
Original Mortgage
$400,000
Outstanding Balance
$398,849
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$407,841
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Royal Property Holdings Llc | $798,000 | Empire Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Royal Property Holdings Llc | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/29/2025 12/29/25 | Sold | $805,000 | -5.3% | -- |
| 09/21/2025 09/21/25 | Pending | -- | -- | -- |
| 09/15/2025 09/15/25 | Price Changed | $850,000 | -4.5% | -- |
| 08/14/2025 08/14/25 | For Sale | $890,000 | -- | -- |
Source: New Jersey MLS
Agents Affiliated with this Home
-
Michael Todaro
Map
Source: New Jersey MLS
MLS Number: 25029061
APN: 21-00091-0000-00021
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2026 New Jersey Multiple Listing Service Inc. All rights reserved.
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