40 W Fairview Ave
Dover, NJ, 07801 $ 665,000
Bedrooms5 Baths2.1 Monthly Estimate*
$ 4,593
for $665,000 with 5 bedrooms and 2 full baths, 1 half bath. This home was built in 1920 on a lot size of 0.15.
A turnkey two family with income, flexibility, and all major improvements already taken care of! 40 W Fairview Ave offers an excellent setup for investors or owner occupants. The lower unit features 1 bedroom with the potential for a second, a large dining room, and a Florida room providing additional living space. The upper unit offers 3 bedrooms with the possibility of a 4th bedroom and 1.5 baths and is currently vacant, with projected rent of approximately $3,000 per month. Combined rental potential is approximately $5,250 per month. The home blends character with recent improvements, including a welcoming front porch, second floor balcony, spacious interiors, and classic architectural details. Major updates include a brand new roof, new windows, newer furnaces, new electrical, fresh paint, and renovated interiors, giving the next owner added peace of mind. A detached two car garage and ample off street parking add even more value. Keep both units as an income producing investment or live in one while the other helps offset your mortgage. Dover continues its revitalization while offering NJ Transit rail service to NYC, a vibrant downtown, shopping, and restaurants. Income, condition, location, and options all in one!
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FeaturesGeneralSewer Public Sewer
Heating 2 Units
Cooling None
Utilities Electric Gas-Natural
Possession immediately
Roof Asphalt Shingle
Water Heater Gas
Garage Spaces 2
Architectural Style 2-Two Story
Year Built 1920
Garage Detached Garage
Township Dover Town
Tax Year 2025
Gross Income 62400
County Morris
Net Operating Income 52300
Operating Expense 10100
Total Rooms 10
Full Baths 2
Status Active
Directions Rout 15 to W Fairview
High School Dover H.S.
Open Parking Spaces 6
Number Of Units Total 2
Tax Annual Amount 8644
Middle/Junior High School Dover M.S.
Drive 1 Car Width 2 Car Width
Standard Status Active
Tax Assessed Value 247700
Town # 2309
Tax Lot 3
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InteriorBasement Bilco-Style Door Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 1
Unit 2 Baths Total 1.1
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 1
Total Bedrooms 5
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ExteriorWater Source Public Water
Exterior Description Composition Shingle
Lot Dimensions 25X60 34X113 14X88
Lot Size Acres 0.15
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* Excluded FeaturesList ByCHRISTIAN RUGELListing Agent
christian@xrealtycorp.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,593
- Monthly Property Taxes
- $720
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Dover, NJ
Average List Price $725,211
Percent of Sale Price 9%
About Dover, NJ 18,258 Population
0% Since 2002
$ 63,486 Median Income
38.67 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
3706790 Elementary School
290638 Middle School
Dover H.S. High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/7/2026 | $665,000 | | Listed Price |