515 Richford Terrace Unit 24 Linden, NJ 07036
Estimated payment $4,533/month
Highlights
- Patio
- Level Lot
- Storage Shed
About This Home
Exceptional opportunity! For investors and owner-occupants alike. This spacious and versatile two-family home offers four full levels of finished living space across two large units. Fully gut-renovated in 1995 and lovingly maintained by the same owners, this property features separate mechanicals for each unit, including a newer gas boiler and a recently replaced water heater.Unit 1 (Previous Owner's Unit) offers a large living room and dining area that can easily be converted to add an additional bedroom for higher rent potential. The unit includes an eat-in kitchen, two full bathrooms, and private access to the backyard and finished basement. The basement expands this living space with a second kitchen, full bath, and dry bar ideal for entertaining. The private owners unit backyard features a covered patio, tool sheds, and a grassy area anchored by a mature, fruiting fig tree.Unit 2 (Upper Unit) spans the second and third floors and will be delivered vacant. It offers a similar but larger layout with a living room, dining room, kitchen, three bedrooms, two full bathrooms, and a walk-in closet. The oversized third-floor bedroom with a full bathroom offers the potential to divide and create additional bedrooms, to maximize rental income.Located in a high-demand rental area, this home provides excellent income potential with simple cosmetic updates to kitchens and baths. A rare opportunity to own a large, flexible two-family property with significant upside!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,224
Year Built
- Built in 1947
Lot Details
- 33 Sq Ft Lot
- Level Lot
Parking
- 3 Parking Spaces
Home Design
- Brick Exterior Construction
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Patio
- Storage Shed
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Multiple Heating Units
- Standard Electricity
Additional Features
- Finished Basement
Community Details
- 2,700 Sq Ft Building
Listing and Financial Details
- Assessor Parcel Number 2909-00002-0000-00009-0000-
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 | $10,225 | $145,400 | $41,900 | $103,500 |
| 2024 | $10,001 | $145,400 | $41,900 | $103,500 |
| 2023 | $10,001 | $145,400 | $41,900 | $103,500 |
| 2022 | $10,053 | $145,400 | $41,900 | $103,500 |
| 2021 | $10,104 | $145,400 | $41,900 | $103,500 |
| 2020 | $10,050 | $145,400 | $41,900 | $103,500 |
| 2019 | $10,017 | $145,400 | $41,900 | $103,500 |
| 2018 | $10,014 | $145,400 | $41,900 | $103,500 |
| 2017 | $9,797 | $145,400 | $41,900 | $103,500 |
| 2016 | $9,489 | $145,400 | $41,900 | $103,500 |
| 2015 | $9,127 | $145,400 | $41,900 | $103,500 |
| 2014 | $8,949 | $145,400 | $41,900 | $103,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2025 11/01/25 | For Sale | $699,000 | -- | $259 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $113,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Garden State MLS
MLS Number: 3995573
APN: 09-00002-0000-00009
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