275 Grand Ave, Leonia, NJ, 07605
About This Home
This turnkey, fully occupied 6-unit multifamily building (zoned A-3 on a 7,700 sq. ft. lot) offers strong cash flow and immediate rental strength in a premium, high-demand location. Unit Mix & Condition Layout: Consists of five high-demand, spacious 2-bedroom units and one cozy 1-bedroom unit, optimized for stable tenant retention. Renovations: Four of the six units have been recently updated with modern finishes to capture top-of-market rents immediately. Key Infrastructure & Capital Upgrades Zero Deferred Maintenance: Major capital improvements have already been completed, protecting the buyer's bottom line from unexpected expenditures. Safety & Security: Features a brand-new, modernized fire sprinkler system (lowering insurance premiums) and a new intercom system. Parking & Drainage: Includes a newly paved parking lot with 13 off-street spaces (over a 2:1 parking-to-unit ratio) and an engineered professional drainage system to protect the foundation. Exterior: Classic, durable brick facade that translates to minimal ongoing maintenance costs. With all major structural, safety, and unit upgrades already completed, this asset represents a rare, low-management investment opportunity perfect for portfolio growth or 1031 exchange buyers.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Roof: Flat
Type & Style
- Home type: SingleFamily
- Property subType: Mixed Use
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,871 | $130,452 |
| Home Insurance * | $444 | $5,328 |
| Property Taxes | $3,386 | $40,632 |
| Electricity | $193 | $2,318 |
| Total | $14,894 | $178,728 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-16 | Listed for sale | $2,150,000 |
| 2024-03-04 | Listing removed | -- |
| 2024-02-15 | Listed for sale | $1,910,000 |
| 2024-01-05 | Listing removed | -- |
| 2023-08-17 | Listed for sale | $1,910,000 |
| 2023-07-03 | Listing removed | -- |
| 2023-06-06 | Listed for rent | $2,200 |
| 2021-03-02 | Listing removed | -- |
| 2021-02-11 | Listed for rent | $1,595 |
| 2020-08-26 | Listing removed | $1,495 |
| 2020-05-01 | Listed for rent | $1,495 |
| 2019-09-05 | Listing removed | $1,495 |
| 2019-06-17 | Listed for rent | $1,495 |
| 2019-03-16 | Listing removed | $1,495 |
| 2019-02-12 | Listed for rent | $1,495 |
| 2018-10-21 | Listing removed | $1,495 |
| 2018-08-23 | Listed for rent | $1,495 |
| 2015-08-30 | Listing removed | $1,225,000 |
| 2015-07-02 | Listed for sale | $1,225,000 |
View on Zillow