Potential 7% Cap. Solid investment opportunity for both end-user and investor in a high-demand location near the Light Rail station. This mixed-use property features two commercial spaces—one currently leased to a licensed psychologist (1100 Sq Ft), and the second, a clean and versatile space ideal for professional or medical office use (500 Sq Ft). The property also includes two rented residential units: a 1BR apartment above the doctor's office, and a detached 3BR unit located at the rear of the lot. Strong rental demand and potential for a 6.5% cap rate make this a compelling addition to any investment portfolio and especially if you have a practice and want to live on site. All newer and separate utilities. Central AC/Heat. This property is a well-oiled machine.
Sold for $742,500 on 07/18/25
$742,500
516 51st St, West New York, NJ 07093
4beds
--sqft
MultiFamily
Built in ----
-- sqft lot
$814,400 Zestimate®
$--/sqft
$2,239 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 26, 2025 at 06:19am
Listed by:
ANDREW N SANDERSON,
EXP REALTY LLC 866-201-6210
Bought with:
, 0791016
EXP REALTY LLC
Source: HCMLS,MLS#: 250007472
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Baseboard, Natural Gas
Cooling
- Central Air
Features
- Basement: Unfinished,Walk-Out Access
Property
Parking
- Parking features: None
Details
- Parcel number: 12 00108000000029
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi Level
Materials
- Brick
Community & neighborhood
Location
- Region: West New York
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Estimated market value
$814,400