244 Slocum Way

Fort Lee Boro, NJ 07024


 

Price: $999,000

GSMLS:  4040797
Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 5
Baths: 3 Full
Garage: 2-Car
Year Built: 1941
Acres: 0.07
Property Tax: $14,121
Description
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.
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Finished, Full
Interior:
n/a
Roof:
See Remarks
Exterior:
Brick
Lot Size:
32X100
Lot Desc:
n/a
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
Additional Parking, Common
Spaces Available:
3
Unit 1
Bedrooms:
2
Bathrooms:
2
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Ceiling Fan(s), Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Central Air, Ductless Split AC
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural, See Remarks
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Bergen
Town:
Fort Lee Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$999,000
Tax Amount:
$14,121
Land Assessment:
$349,000
Build. Assessment:
$174,000
Total Assessment:
$523,000
Tax Rate:
2.70
Tax Year:
2025
Listing Information
MLS ID:
4040797
List Date:
07-15-2026
Days On Market:
0
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Matthew Gevirtz
 

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3108 Route 10 West
Denville, NJ 07834
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Web: MorrisCountyLiving.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
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Shawn and Diane Fox