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All Forum Posts by: Nicholas Haubner

Nicholas Haubner has started 1 posts and replied 2 times.

Post: 4-family to 5-family with owner occupied unit

Nicholas HaubnerPosted
  • Property Manager
  • Montvale, NJ
  • Posts 2
  • Votes 0

@Andrew Syrios

Thank you for your reply, I greatly appreciate you taking the time to read through and give me your advice. Do you know if this would be an issue when it comes time to having my 5 year DCA inspection in ( mid 2025) as the property is only register with them as a 4 family? I know they are compensated per unit for the inspection, do you think it would be an issue if I just registered a fifth unit and made sure it met all the requirements?

Post: 4-family to 5-family with owner occupied unit

Nicholas HaubnerPosted
  • Property Manager
  • Montvale, NJ
  • Posts 2
  • Votes 0

Hello All,

I purchased my first rental property a little over a year ago. The property is a 4-family house in Montvale NJ. The question I have is as follows. The house has 5 units; however, it is only zoned by the town as a 4-family. Where it gets interesting is that the house has 5 mailing addresses associated with it and the fire prevention bureau has on their records it is also a 5- unit house, and I am billed as such upon annual renewals/inspections. I also have five gas/electric meters. The DCA has on file that the property is only a four unit building. It currently only has four units rented, although I would like to turn the 5th unit into my own, so that I can move out of my parent’s house and “househack” for a little. I am not sure of the legality associated with this and the issues of going from 4 units(residential) to 5 units (commercial) even if one unit will only be owner occupied. Any advice at all would be greatly appreciated!

Best regards,

-Nick