61 Malcolm Ave Garfield, NJ 07026
Estimated payment $6,459/month
About This Home
Fully leased and income-producing opportunity in the heart of Garfield. Discover a unique setup ideal for multi-generational living or the savvy investor with this two-building property featuring a single-family home and a two-family home on the same lot. A large private driveway accommodates four cars, and each unit offers separate utilities, making this a turnkey investment with easy management and low expenses.The single-family home, leased at $2,300, spans two levels and includes two bedrooms, one bath, a kitchen, in-unit utilities(paid by the tenant), washer and dryer, and additional storage space.The two-family home provides flexibility and strong income. The ground level is divided into two units;the rear offers a spacious one-bedroom apartment leased on a month-to-month basis at $1,600, with a full bath with tub, eat in kitchen, laundry- while the front includes a studio unit with its own full bath. The upper-level unit,leased at $2,800, features three bedrooms and two full baths, including a primary bedroom with double closets, two additional large bedrooms with ample closet space, an eat-in kitchen with pantry, and a bright living room with a bay window.Located in a desirable Garfield neighborhood close to shopping, schools, and transportation, this property offers steady income, low taxes, and long-term upside. Sold strictly as-is.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,230
Home Design
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Additional Features
- Laundry in Basement
- 5,000 Sq Ft Lot
Listing and Financial Details
- Legal Lot and Block 30 / 60
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 | $10,772 | $322,800 | $125,000 | $197,800 |
| 2024 | $10,591 | $322,800 | $125,000 | $197,800 |
| 2023 | $10,068 | $322,800 | $125,000 | $197,800 |
| 2022 | $10,068 | $322,800 | $125,000 | $197,800 |
| 2021 | $9,774 | $322,800 | $125,000 | $197,800 |
| 2020 | $9,561 | $322,800 | $125,000 | $197,800 |
| 2019 | $9,381 | $322,800 | $125,000 | $197,800 |
| 2018 | $9,171 | $322,800 | $125,000 | $197,800 |
| 2017 | $9,009 | $322,800 | $125,000 | $197,800 |
| 2016 | $8,741 | $322,800 | $125,000 | $197,800 |
| 2015 | $8,275 | $322,800 | $125,000 | $197,800 |
| 2014 | $8,049 | $322,800 | $125,000 | $197,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/17/2025 11/17/25 | For Sale | $1,049,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $715,000 | Carnegie Title | |
| Deed | $715,000 | Carnegie Title | |
| Executors Deed | $400,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $536,250 | Construction | |
| Previous Owner | $360,000 | Purchase Money Mortgage |
Source: New Jersey MLS
MLS Number: 25040787
APN: 21-00060-0000-00030
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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