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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON OCT 27 2025 AT 7:29 AM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

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313 Grand Ave

hackettstown, NJ 07840-2132

$555,000

  • 6 BR
    2 BA

INTERESTED? LET'S CONNECT

Opportunity to own an income-producing property in the heart of the historical district and college area. This multi-unit home offers solid cash flow and practical management features that appeal to investors and owner-occupants alike. Monthly rent and garage income currently totals $53,000/year. Tenants pay all utilities, contributing to a predictable operating budget and low owner maintenance. Exterior highlights include a welcoming large open porch that invites gatherings and relaxation, low-maintenance vinyl siding for easy upkeep, and a generous corner lot with ample yard space. An oversized two-car garage adds additional income. The property sits in a desirable historic district with proximity to the college scene, channels strong rental demand, and provides stable long-term appreciation. Inside, you'll find warm wood floors that run through the living areas, plus public water and public sewer for reliable infrastructure. Each unit has separate utilities facilitating straightforward billing and management. The second/third-floor unit configuration offers four bedrooms, providing generous living space and strong rent potential, while the first-floor unit contains two bedrooms, suitable for flexible occupancy. A practical basement houses two washers and two dryers for shared laundry, adding convenience for residents. This property blends historic charm with modern practicality, delivering steady income, easy upkeep, and the potential for value-enhancing updates.

Details

7,405.2 Sq Ft Lot Size

Multi Family

$9,904 Annual Tax

Built in 1910

MLS/Listing ID 3993534

2 Units

Amenities & Features

High Ceilings

GSMLS

Source of Data: GARDEN STATE MLS

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Interested in 313 Grand Ave?