244 Slocum Way
Fort Lee Boro, NJ, 07024 $ 999,000
Bedrooms5 Baths3.0 Monthly Estimate*
$ 6,308
Multi-Family Home for sale in Fort Lee Boro, NJ
for $999,000 with 5 bedrooms and 3 full baths. This home was built in 1941 on a lot size of 0.07.
Income-Producing 2-Family with Owned Solar, Private Parking & Strong Rental PotentialThis well-maintained 2-family home offers an excellent opportunity for investors or owner-occupants seeking rental income, valuable upgrades, and private parking. The first-floor duplex features 2 bedrooms, 2 full bathrooms, and an expanded layout with a finished lower level, while the second-floor unit offers 3 bedrooms and 1 full bathrooms. Stable tenants are already in place, with the first-floor lease expiring in August and the second-floor lease expiring in March, providing flexibility for future plans. One of the property's standout features is its owned solar panel system, offering a fixed electric rate of approximately $0.14/kWh under a long-term agreement an exceptional value that helps keep energy costs predictable for years to come. Additional highlights include private driveway parking, a detached garage, and extra parking behind the garage a rare convenience for a multi-family property. All major appliances are included, including refrigerators, stoves, microwaves, washers, and dryers. The home also features central HVAC, a newer central A/C system installed last year, an additional ductless cooling system, and public water and sewer. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this property offers the perfect combination of cash flow, energy savings, and long-term value.
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FeaturesGeneralSewer Public Sewer
Heating Baseboard - Hotwater
Cooling Central Air Ductless Split AC
Utilities Gas-Natural See Remarks
Possession 0-30
Roof See Remarks
Garage Spaces 2
Architectural Style 2-Two Story
Year Built 1941
Garage Detached Garage
Township Fort Lee Boro
Tax Year 2025
Gross Income 0
County Bergen
Net Operating Income 0
Operating Expense 0
Total Rooms 12
Full Baths 3
Status Active
Directions Center Ave to Slocum Way
Open Parking Spaces 3
Number Of Units Total 2
Tax Annual Amount 14121
Drive Additional Parking Common
Standard Status Active
Tax Assessed Value 523000
Town # 1119
Tax Lot 9
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InteriorBasement Finished Full
Unit 1 Baths Total 2.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 5
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ExteriorWater Source Public Water
Exterior Description Brick
Lot Dimensions 32X100
Lot Size Acres 0.07
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* Excluded FeaturesList ByMATTHEW GEVIRTZListing Agent
Tc@gtluxurygroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,308
- Monthly Property Taxes
- $1,177
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 Fort Lee, NJ
Average List Price $1,770,271
Percent of Sale Price 77%
About Fort Lee, NJ 38,546 Population
9% Since 2002
$ 79,834 Median Income
45.81 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $999,000 | | Listed Price |