$660,000
●
House -
For Sale
390 Delano Pl
Fairview Boro, NJ 07022
4 Beds
2 Baths
$3,901
Est. Monthly
About This Property
Income-producing property with exceptional potential, currently set
up as a mother-daughter residence. The upper level offers a
beautifully updated 3-bedroom, 1-bath apartment that is
tenant-occupied, providing immediate rental income. The first level
includes approved plans for a TBB (To Be Built) 1-bedroom,
1-full-bath unit with a kitchen. A half bath is currently in place,
creating an outstanding opportunity to expand the living space and
increase future rental income. Additional highlights include a
generous backyard and parking for two vehicles. Conveniently
located, this property is an excellent option for investors or
owner-occupants seeking strong income potential and future value.
Unit Size
-
Days on Market
-
Land Size
0.06 acres
Price per sqft
-
Property Type
House
Property Taxes
$660
HOA Dues
-
Year Built
1922
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (GSMLS #4040689)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2026 | Listed by COLDWELL BANKER REALTY | $660,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Jun 5, 2026 | Price Decreased |
$670,000
↓ $28K
(4%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by CHRISTIE'S INT. REAL ESTATE GROUP | $698,000 | |
| Listed by CHRISTIE'S INT. REAL ESTATE GROUP | |||
   | |||
|
Well-maintained residence currently configured as a mother-daughter, offering excellent income potential. The second floor features a fully renovated unit with 3 bedrooms, 1 full bathroom, and great tenants generating strong rental income. The main level includes space with approved plans to expand, offering the opportunity to create an additional unit with 2 bedrooms, a full bathroom (currently half bath in place), and a kitchen. Ideal for extended living or additional rental income. Property also features a spacious backyard and 2 parking spaces, providing comfort and convenience. Prime opportunity to generate income in a desirable location.
| |||
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Garage
Air Conditioning
Interior Details
Full Bathrooms: 2
Appliances: Dryer, Refrigerator, Washer, Range/Oven-Gas
Rooms: 8
Exterior Details
Architectural Style: Contemporary
Year Built: 1939
Window Features: Skylight(s)
Construction Materials: Brick
Patio and Porch Features: Patio
Lot Size Area: 2613.6
Lot Size Units: Square Feet
Lot Size Acres: 0.06
Lot Size Square Feet: 2613.6
Water Source: Public
Financial Details
Tax Assessed Value: $372,900
Tax Annual Amount: $7,917
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Radiators - Steam
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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Price/ft²
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Listed On
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Sold On
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HOA + Taxes
About Fairview
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Last Updated: 3 months ago
Data Source: GSMLS, MLS#
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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