165 Gurnee Ave
Listing Notes
Don't miss this rare opportunity to own a versatile, high-performing income property featuring two separate homes on one lot. Whether you choose to occupy one residence and offset your mortgage with rental income from the other, or lease both units to maximize cash flow, this property offers flexibility, stability, and long-term growth potential. Both homes are currently tenant-occupied, delivering immediate and consistent income from day one, an ideal scenario for investors seeking a turnkey addition to their portfolio. The front residence boasts 4 generously sized bedrooms and 3 bathrooms, offering comfortable living space that attracts strong rental demand and premium returns, while the second home includes 2 bedrooms and 1 bathroom, providing an excellent supplemental income stream with broad tenant appeal. The expansive side yard adds valuable outdoor space, perfect for entertaining, recreation, or potential future improvements. With separate living spaces, privacy is maximized for occupants, increasing overall desirability and rental stability. This property represents more than just immediate income; it's a strategic investment with the potential for appreciation and long-term wealth building. Whether you're expanding your investment footprint or making your first smart move into real estate, this is an opportunity you won't want to pass up.
Price in context
Cheaper than 17% of the 24 homes listed nearby right now, which run $385,000 to $899,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 205 Ramapo Rd Apt H | $385,000 | 2 bd · 2 ba |
| 12 Farley Dr | $388,000 | 3 bd · 2 ba |
| 34 Village Ml | $395,000 | 2 bd · 3 ba |
| 41 McLaughlin Ave | $399,900 | 3 bd · 2 ba |
| 136 E Railroad Ave | $400,000 | 3 bd · 1 ba |
| 18 Brownsell Ave | $425,000 | 3 bd · 2 ba |
| 250 Westside Ave | $428,000 | 3 bd · 3 ba |
| 126 Halgren Cres | $439,000 | 3 bd · 2 ba |
| 61 Zugibe Ct | $465,000 | 3 bd · 3 ba |
| 40 Wall St | $500,000 | 3 bd · 2 ba |
| 24 Pratt St | $539,000 | 4 bd · 2 ba |
| 14 Lafayette Ave | $587,000 | 4 bd · 2 ba |
| 22 Conklin Ave | $599,000 | 6 bd · 4 ba |
| 55 Picariello Dr | $639,000 | 5 bd · 3 ba |
| 30 Spring St | $649,000 | 5 bd · 2 ba |
| 27 Wayne Ave | $649,000 | 4 bd · 3 ba |
| 28 Hillside Ave | $659,000 | 4 bd · 2 ba |
| 8 Highland Ave | $669,999 | 3 bd · 3 ba |
| 246 Westside Ave | $675,000 | 5 bd · 3 ba |
| 16 Larkin Ln | $689,000 | 3 bd · 3 ba |
| 11 Westside Ave | $725,000 | 3 bd · 2 ba |
| 4 Joseph St | $750,000 | 4 bd · 3 ba |
| 70 Hudson Ave | $819,000 | 4 bd · 4 ba |
| 54 Hudson Ave | $899,000 | 10 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more