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$899,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 3 Total Beds
  • 2 Car Garage
  • Updated 50 minutes ago
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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.

Full Property Details for 241-243 US Hwy 206

General

  • Price: $899,000
  • Taxes: $12,046 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4026035
  • Updated: Today (5/7/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 10

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Garage Description: See Remarks

Location

  • County: Sussex
  • Driving Directions: From Route 80W, take exit 25 to US 206N toward Stanhope & Newton. 1.1 miles on right side.

Heating & Cooling

  • Cooling Type: 1 Unit
  • Heating Type: 1 Unit, Baseboard - Hotwater
  • Heating Fuel: Oil Tank Above Ground - Inside
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Cable TV

Structural Information

  • Architectural Style: 2-Two Story
  • Exterior Const.: See Remarks
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Asphalt Shingles, See Remarks
  • Square Feet: 3,873
  • Year Built: 1948
  • Remodeled/Updated: 2021

Unit Information

Unit 1

  • Unit Description: See Remarks, Utility Room
  • Square Feet: 2665
  • Levels/Stories: 1

Unit 2

  • Unit Description: Bedrooms, Kitchen, Living Room, Master Bedroom, See Remarks
  • Square Feet: 1248
  • Levels/Stories: 2
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.69
  • Lot Dimensions: 29998
  • Driveway/Sidewalk: See Remarks
  • Zoning: PIC
  • Lot Description: Irregular Lot

Financial Considerations

  • Operating Expenses: $13,987
  • Assessment Amount: $296,200
  • Land Assmt: $177,200
  • Tax Amount: $12,046
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: All inventory tools, office, personal possessions etc.
  • Disclosures: Yes
  • Block: 11701
  • Lot Number: 10

Listed by Realty Executives Exceptional

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Listing agent

— 241-243 US Hwy 206 —

  • Realty Executives Exceptional

973-557-7824

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 241-243 US Hwy 206

School Districts:Stanhope Borough School District, Lenape Valley Regional School District
NameGradesDistance
Valley Road School
24 Valley Road, Stanhope, NJ 07874
PK-80.6 mi
Lenape Val Regional High School
28 Sparta Road, Stanhope, NJ 07874
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 241-243 US Hwy 206 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/07/2026
Listed
$899,000
239.25%
MLS
2/26/2010
Sold
$265,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 241-243 US Hwy 206

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,669
2%
$258,500
—
2023
$11,439
2%
$258,500
—
2022
$11,178
1%
$258,500
—
2021
$11,118
1%
$258,500
—
2020
$10,960
2%
$258,500
—
2019
$10,746
1%
$258,500
—
2018
$10,632
11%
$258,500
9%
2017
$9,618
1%
$236,500
—
2016
$9,491
4%
$236,500
—
2015
$9,136
7%
$236,500
—
2013
$8,527
—
$236,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Realty Executives Exceptional

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241-243 US Highway 206, Stanhope, NJ 07874 (MLS# 4026035) is a Multi-Family property with 2 units containing 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 241-243 US Highway 206 is currently listed for $899,000 and was received on May 07, 2026. Want to learn more about 241-243 US Highway 206? Do you have questions about finding other Multi-Family real estate for sale in Stanhope? You can browse all Stanhope real estate or contact a Coldwell Banker agent to request more information.

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