Opportunity, flexibility, and upside all come together in this over/under 2-family with a highly functional layout and strong appeal for both investors and owner-occupants. Each main unit offers the same floor plan with a living room, kitchen, den/dining room, 2 bedrooms, and 1 full bath, creating a practical setup for rental income, multi-generational living, or extended family. Unit 1 offers even more versatility with an additional ground-level living area, bedroom, and kitchen - ideal for expanded living space, guest quarters, or a potential private suite. A 2-car garage adds valuable convenience, while the full unfinished basement with separate keyed entrance includes a work room, storage, utilities, and washer/dryer, offering excellent utility and future potential. In need of some work, this property presents a rare chance to renovate and build equity while tailoring the space to your needs. Whether you're looking to live in one unit and offset expenses with rental income, accommodate extended family, or add a value-add multi-family to your portfolio, this property offers the space, layout, and potential to make it a smart investment.

Property Details of 397 Oak Street

Property Details

Interior Features

Map Location

Listed by Christie's International Real Estate Group-Franklin Lakes / James Reitz and Jonathan Reitz

Listing Sold by Luxe Listings Jose Olivero

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than The Agency are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: June 13, 2026
Source: 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.

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