Browse through 1,880 multifamily homes for sale in New Jersey with prices ranging between $49,500 and $13,500,000.Be sure to work with a New Jersey real estate agent who can offer detailed information about any multi-unit properties for sale that you might be interested in and help you make an informed purchasing decision.Multifamily homes for sale, such as apartment buildings for sale, are quite popular among real estate investors. West Forest Capital, LLC. What Does Under Contract Mean in Real Estate? Jersey City is the second-most populous city in New Jersey, trailing only Newark. When my uncle wanted some company on his return ride from our neighborhood in Northeastern Pennsylvania, I jumped in the car without hesitation. Welcome Home. Investment properties are real estate properties that can be bought with the intention of making a return on the investment, either through residential income and renting or through the future resale. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Point2 FREE Trial comes with agent websites, lead management solutions, featured placements on other portals, and more! The reassessment resulted from a lawsuit won by recently established residents. Nearly 80% of the citys residents rent their homes. New Jersey offers something for everyone. If you are looking to invest in an amazing location in a top tiered school district, this is the home for you. Their optimism stems in large part from a wave of new projectsboth residential and commercialin the last stop along the Gold Coast. In fact, we can fund 100% of your rehab costs. 1-800-44-BUYER, The Best Places to Buy Investment Property in New Jersey for 2020. Information deemed reliable but not guaranteed. Moreover, in the event of unoccupied apartments, the rental income from the other units will help offset vacancy costs until you find new tenants.Check out the list of available multi-units on PropertyShark to find the real estate investment opportunity that suits your style. Due to this, there is a continuous flow of people moving into the state with employment in these companies. That tax legislation could create a significant buying opportunity on properties valued at $750,000 or greater. From the end of the recession in 2009 through mid-2018, the real estate market in New Jersey was on an upward trajectory. The aptly named Summit, New Jersey offers tree-lined neighborhoods, excellent schools, and steadily rising property values. Jersey City is situated in Hudson County and is part of the New York City metropolitan area. In addition to being close to the Atlantic Ocean, Ashbury Park residents are drawn to the citys many parks and music and arts scene. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. While property values have been on the rise, they havent come close to levels seen in Bergen and Monmouth Counties. TOWN HOME!! Copyright 2022 Garden State Multiple Listing Service, L.L.C. Many of these former New Yorkers trade off shorter trips to work for single-family spreads on ample wooded lots in gated communities and lakefront developments. For example, Forbes has predicted 12% rise in home prices in Jersey City over the next 3 three years. The Garden State still had the highest foreclosure rate in the nation in 2019. Contact HomeVestors today to see how you can form the same powerful relationship to buy New Jersey real estate. Investors could benefit from motivated sellers whose mortgage interest deductions have now been capped at debt levels of $750,000 and below. Desirable Deep South-end Second Floor Condo with Roof-Top Deck. The states 9 million residents enjoy being close to major cities, beautiful beaches, major sporting events, tourist destinations, and excellent employment opportunities. Since the median home value in Stone Harbor rings in at over one million dollars, many homeowners who depend on that deduction to help defray the cost of ownership may be looking to sell. Based on a pre-determined, agreed-upon price and timeframe, founder and president Nancy Kowalik guarantees the sale of her clients home with the promise that the firm will purchase the property if it is not sold. With 12 full-time agents working as a team, the firm promises 5-star service. Buying Investment Property in New Jersey: Where Are the Best Places? IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. There are many reasons why buying investment property in NJ is a good idea. Browse all of Mashvisors listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes. Your search for investment property begins and ends here, North Bergen Investment Property for Sale, Secaucus Town Investment Property for Sale, West New York Town Investment Property for Sale, Other NJ Counties Investment Property for Sale, North Arlington Investment Property for Sale, Cliffside Park Investment Property for Sale, Fairview Boro Investment Property for Sale, North Arlington Boro Investment Property for Sale, Washington D.C. This gives investors opportunities to buy affordable properties, add value, hold, and eventually make a nice profit. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. Yes, we can often pre-approve you on the same day as when you apply. Along with the iconic music venue, 1101 Ocean Ave.a luxury 16-floor residential space adjoined by a boutique hotelis expected to be completed this year. While there are many strong markets in the state, we identified 4 that we consider to be the best investment property areas in New Jersey for 2022. My legwork revealed that buying opportunities existed beyond the Piedmont and Atlantic Coastal Plain, two of the four Jersey regions where landforms and geology differ as you move between them. Moreover, the renewed interest in vacation rentals on the Jersey Shore has created opportunities for additional revenue streams. Financial services is particularly strong, with Jersey City having been nicknamed Wall Street West. Thus, there is consistent demand for both industrial and commercial office space. Read This First, Start Wholetailing Real Estate: A Comprehensive Guide for New Investors, How to Buy a Preforeclosure House With Financing From Top Lenders, Real Estate Investors in Chicago Need to Know This. Where Are the Hottest Real Estate Markets in Illinois Right Now? The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Sign up to view the top available investment properties across the country. But one reason why many consider Ashbury Park to be the best place to buy rental property in NJ is the strong demand for rental properties. Opportunities are endless here at this commercial location, currently being used as a dry cleaners and tailors. This community is a hidden jewel, close to everything! Ashbury Park is a beachfront city of approximately 17,000 residents that is situated in Monmouth County. I noticed how the best places to buy investment property in New Jersey sprung from New York City demand spillover and the allure of beach properties. The first is the citys proximity to both Philadelphia and New York City. Mullica Hill, NJ 08062, *Nancy and seller must agree on price and timing. Visit Mashvisor.com to all investment properties. Yes, we provide extensions up to 6 months or longer on a case-by-case basis. I like underdogs and prospects that fly under the radar. There is indeed a duality in the coastal New Jersey real estate market, especially as the compass points north. With a central location in the heart of Pitman, just a few steps from the bustling uptown district, this is the investment opportunity you do NOT want to pass on. Prospective tenants face a highly competitive market. Welcome to this charming row house in the heart of downtown Jersey City's Harsimus Cove. Buying homes in a town that seemingly has it all is typically a good bet. Do not miss the chance to earn amazing residential income through a fantastic property! Growth opportunities also exist in the strongest appreciating markets of East Orange, in Essex County; Chatham, a Morris County borough; Rutherford Township in Bergen County; Maplewood, in Essex County; and Strathmere in Cape May County. Updated 3 bed 1 bath single family home with detached garage. 1-866-249-6932, Interested in Selling a House? The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Whats more, Newark has direct access into Manhattan. These figures represent a 14% year-over-year increase. You can also find 55+ community and price reduced homes for sale with open houses or virtual tours. In the 141-mile stretch of the Jersey Shore region, few communities hold the allure of Stone Harbor. When I began to branch my real estate portfolio out of state, I needed more guidance than my own instincts could command. The glut of foreclosures in Camden County have kept home values in Cherry Hill relatively stable and with buyers fleeing across the Delaware River, prices could very well see steady growth with all else remaining equal. Prices range from the high $200s for a small one-bedroom bungalow to $10 million for a four-bedroom, four-bath, upscale beachfront property. Check out how our partner Point2 can make your business stand out. Welcome home to this 2 bedroom 2 full bath condo! Trulia is a registered Trademark of Zillow, Inc. Zillow, Inc. holds real estate brokerage, Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Looking to invest in New Jersey multifamily properties? These include: Weehawken is a town of approximately 17,000 people that was founded nearly 175 years ago. Furthermore, analysts expect luxury home values nationwide to continue to slip and that dip could mean a boon for buy-and-hold investors. Is the Real Estate Investing Business Right for You? Median list prices in Sparta are about half of what youd find an hour southeast but the growing infrastructure and school systems have posed residents with tax bills that werent initially packed into their budgets. Kowaliks office culture focuses on teamwork and philanthropy. Interested in owning a franchise? 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Despite all of these positives, the New Jersey real estate market has some negatives aspects to keep in mind, including: Some of the areas in the Garden state exhibiting the greatest potential for real estate investment opportunities include Jersey City, Hoboken, and Newark. Please wait while one of our representatives gives you a call. Since that first trip to the Jersey Shore, Ive been scouting home buying deals all over the states four regions. Residential Income Opportunity on Multi Family Home Already Has Tenants! That, along with several other new municipal projects like Rte. Buying a home for the first time can be terrifyingly intimidating A pre-approval letter from a lender makes your offer stronger. 8 Myths About Renting You Should Stop Believing Immediately, 6 Ways Home Buyers Mess Up Getting A Mortgage, 6 Reasons You Should Never Buy Or Sell A Home Without An Agent, Difference Between Agent, Broker & Realtor, Real Estate Agents Reveal the Toughest Home Buyers They've Ever Met, Before You Buy, Look for Red Flags in the Neighborhood.