241-243 Us Highway 206, Stanhope, NJ, 07874
About This Home
Exceptional opportunity to acquire a highly visible mixed-use property ideally positioned along the heavily traveled Route 206 commercial corridor in Stanhope, NJ. This unique asset offers a compelling blend of stable residential income and flexible commercial/light industrial space well suited for investors, owner-users, or live-work operators. The property features an approximately 3,873 SF building situated on 0.68 acres, boasting an impressive Highway frontage on U.S. Route 206 and parking for up to 15 vehicles, delivering outstanding visibility and consistent daily traffic exposure. The building is comprised of: A 1,248 SF three-bedroom residential apartment, A 2,665 SF commercial/light industrial space, currently utilized for small engine repair, suitable for a wide range of uses. Strategically located just off Interstate 80, the property benefits from excellent accessibility and serves as a prominent first-stop location along the Route 206 corridor. Its positioning offers convenient proximity to key destinations throughout both Sussex County and neighboring Morris County. This mixed-use investment presents strong income-generating potential with flexibility for a user-operator or investor, aligning with both short-term and long-term investment strategies. Please note: The current business is not for sale and will be relocating within Sussex County; however, the owner may consider a leaseback arrangement.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Roof: Asphalt Shingle,See Remarks
- Construction materials: See Remarks
Notable Dates
- Major remodel year: 2021
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: See Remarks,Range/Oven - Electric,Electric Water Heater
Basement
- Has basement: Yes
- Basement: Yes,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2.1
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- See Remarks,Utility Room,Bedrooms,Kitchen,Living Room,Master Bedroom
Heating & Cooling
- Heating features: 1 Unit,Baseboard - Hotwater,Oil Tank Above Ground - Inside
- Cooling features: 1 Unit
Interior Area
- Total structure area: 3,873
- Total interior livable area: 3,873 sqft
Property
Details
- Parcel number: 2819117010000000100000
- Zoning description: PIC
- Exclusions: All inventory tools,office,personal possessions etc.
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.69 Acres
- Features: Irregular Lot
- Lot size dimensions: 29998
Parking
- Total spaces: 15
- Parking features: See Remarks
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 15
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
- Strong Wind
- Cold Wave
- Lightning
- Winter Weather
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 | $4,545 | $54,540 |
| Home Insurance * | $306 | $3,672 |
| Property Taxes | $1,648 | $19,776 |
| Electricity | $426 | $5,123 |
| Total | $6,925 | $83,100 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Listed for sale | $899,000 |
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