480 Walker St
- All-brick 4-family building
- Low current rents
- Significant value-add potential
- Strong upside in rental income
- Garage and tandem parking for every unit
- Free-standing building
- Separately metered electric, gas, and water
- Top/bottom quadplex layout
Property Description
480 Walker St is a free-standing, all-brick 4-family building in Fairview, NJ. The property contains four residential units in a top/bottom quadplex layout across 4,832 SF of building area on a 5,249 SF lot, zoned R. The building is block construction with an all-brick exterior and is separately metered for electric, gas, and water, with HVAC in place. Every unit is served by garage parking plus an additional tandem parking space — a rare amenity in this market and a meaningful driver of rent and tenant retention. Current rents are well below market, offering a new owner immediate and significant value-add potential. With a straightforward repositioning of the rent roll, there is strong upside in rental income and cash flow, making this an attractive opportunity for an investor seeking a well-built, low-maintenance asset with room to grow.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,499,999 |
| No. of Units: | 4 |
| Year Built: | 2008 |
| Lot Size: | 0.12 Acres |
| Opportunity Zone: | No |
| Price per unit: | $375,000 |
| Property Website | Click Here |
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