For Multi Family

5 Dewey St,Dover Town, NJ 07801-3847

March 1, 2026

Multi-Family Investment Opportunity in Redevelopment Area:Located in The Thriving redevelopment district of Dover, this well-positioned multi-family property presents an excellent opportunity for investors or owner-occupants seeking strong rental potential and long-term value. The property features two spacious units: one offering 3 Bedrooms and the other 2 Bedrooms, providing flexible living arrangements ideal for tenants or extended households. Situated near major shopping centers, dining, and everyday convenience, the location ensures high tenant appeal. Commuters will appreciate the easy access to major highways, as well as proximity to the local train station and bus terminal, offering direct connections to New York City. This strategic location enhances rental demand and makes daily travel simple and efficient. Wheter you are looking to expand your investment portfolio to secure a property with excellent income potential in a growing area, this multi-family home combines location, versatility and opportunity.

Property ID:PT-30273181-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 750,000 $

Bedrooms:5

Year Built:1920

Listing Details

Status: Active

Location

County: Morris

Lotsize: 25X105

Lot Identifier: 9

Lot Description: Level Lot

Lot Identifier: 9

Home Details

Open Parking: 5

Basement: Yes

Renovated: 2020

Basmnt/Desc: Yes - Finished, Walkout

Acreage: 0.06

Total Baths: 3.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 12

Easement/Desc: Yes

Exterior Description: Aluminum Siding

Roof Description: Asphalt Shingle

Possesion: POT

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 7

Unit 1 Beds: 2

Unit 1 Baths: 2.0

Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water

Unit 1 Handicap: No

Unit 1 Lease Expire: 2026-03-31

Unit 1 SqFt: 1075

Unit 1 Rent: 1400

Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Living Room, Rec Room, Storage

Unit 1 Security Deposit: 2100

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 6

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water

Unit 2 Handicap: No

Unit 2 Lease Expire: 2026-03-31

Unit 2 SqFt: 987

Unit 2 Rent: 9999

Unit 2 Room Description: Attic, Bedrooms, Den, Eat-In Kitchen, Living Room

Unit 2 Security Deposit: 9999

Color of Building: BEIGE

Block Identifier: 1205

County Number: 23

Town Number: 2309

YB/Desc: 1920 - Approximate, Renovated

Color of Building: BEIGE

Easement: Yes

Parking/Driveway Description: 1 Car Width, Blacktop

Block Identifier: 1205

County Number: 23

Town Number: 2309

Possession: POT

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Warranty: No

Tax ID For Property: 2309-01205-0000-00009-0000-

Tax Amount: $7,995.00

Tax Year: 2025

Tax Rate: 3.490%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $65,700.00

Building Assessment: $163,400.00

Total Assessment: $229,100.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 2 Units, Baseboard - Hotwater

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Services: Cable TV Available

Schools

Grade School: Academy St

Middle School: East Dover

High School: Dover H.S.

Other

Zoning: RESIDENTIAL

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Listing Details

5 Dewey St,Dover Town, NJ 07801-3847

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