$1,470,000
SOLD MAY 12, 2025

2463 2nd St Fort Lee, NJ 07024

7 Beds
5 Baths
-- Sq Ft
-- Built

Recently Sold

6% Above List Price

8 Days on Market

About This Home

As of May 2025

This exceptional 2-family property offers an outstanding opportunity for investors looking for a stable, income-generating asset. Located just steps away from Elementary School #3, this well-maintained home features spacious living arrangements and strong rental potential, making it an ideal addition to your portfolio. Each unit consists of 3 bedrooms, 2 full bath, along with their own garage space, and washer / dryer located in the garage. With both units fully leased, the property offers a solid 4.2% capitalization rate, ensuring consistent cash flow for the investor. There is a bonus bedroom, full bath and living area in the basement.

Last Agent to Sell the Property

John Kao

Realty International Inc. Listed on: 02/04/2025

Last Buyer's Agent

Hongjuan An

Prominent Properties Sotheby's International Realty-Englewood Cliffs

Prominent Properties Sotheby's International Realty-Englewood Cliffs

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,302

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry in Basement
  • Lot Dimensions are 62x100

Listing and Financial Details

  • Legal Lot and Block 00003 / 07051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,302

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: 201-585-8088
  • MLS Status: Sold - Sold
  • Directions: 9W TO WASHINGTON TO 2ND. ST.
  • Architectural Style: 2 Family
  • Year Built Details: 1980's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 7
  • Basement Remarks: 2 CAR GARAGE, LAUNDRY RM, 1 BED, KITCHEN, LR, DR, FULL BTH.

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected

Lot Info

  • Lot Dimensions: 62x100

Tax Info

  • Tax Annual Amount: 19302.0
  • Tax Block: 07051
  • Tax Lot: 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2025
Closed on
May 12, 2025
Sold by
Lee A Nan
Bought by
Wang Jinhong
Seller's Agent
John Kao
Realty International Inc.
Buyer's Agent
Hongjuan An
Prominent Properties Sotheby's International Realty-Englewood Cliffs
List Price
$1,390,000
Sold Price
$1,470,000
Premium/Discount to List
$80,000
5.76%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.58%

Purchase Details

Closed on
May 8, 2003
Sold by
Tsui Li Norman
Bought by
Chen Lee A and Chen Shu Wuan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.84%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $1,470,000 None Listed On Document
Deed $685,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $220,000 Unknown
Previous Owner $285,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Sold $1,470,000 +5.8% --
02/12/2025 02/12/25 Pending -- -- --
02/12/2025 02/12/25 Off Market $1,390,000 -- --
02/04/2025 02/04/25 For Sale $1,390,000 -- --
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $18,317 $740,400 $384,000 $356,400
2023 $18,384 $740,400 $384,000 $356,400
2022 $18,384 $740,400 $384,000 $356,400
2021 $18,007 $740,400 $384,000 $356,400
2020 $17,836 $740,400 $384,000 $356,400
2019 $17,422 $740,400 $384,000 $356,400
2018 $17,014 $740,400 $384,000 $356,400
2017 $16,822 $740,400 $384,000 $356,400
2016 $16,689 $740,400 $384,000 $356,400
2015 $16,304 $740,400 $384,000 $356,400
2014 $16,000 $740,400 $384,000 $356,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 25001697

New Jersey MLS

APN: 19-07051-0000-00003