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Listed by Andrea Alummootil Keller Williams City Views Realty
$ 750,000
Est. payment | /mo
4 Baths
$ 750,000
Est. payment | /mo
4 Baths
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25040043
Style 3 Family
Full Baths 4
Property Sub-Type 3 Family
Property Description
Incredible income-producing opportunity in Irvington, just one block from the Maplewood border this legal 3-family corner property offers versatility, value, and convenience. The 1st and 2nd floors each include a spacious 2-bedroom, 1-bath layout with eat-in kitchens, dining rooms, and living rooms (which can easily be used as a 3rd bedroom to increase rental income). The 2nd-floor unit is already vacant and features a closed porch plus an additional den/office area off the living room, making it ideal for an owner-occupant or a new tenant at current market rents. The 3rd floor offers a charming 1-bedroom, 1-bath unit. The property also includes a finished basement with full bath, providing additional flexible space and added value. Current rents: 1st floor $1,650/month (month-to-month) and 3rd floor $1,400/month (month-to-month), with significant upside potential. Situated on a corner lot with private parking for approximately 4 cars plus a 2-car garage, this location puts you minutes from parks, schools, Maplewood's vibrant downtown, restaurants, boutique shops, major highways, and NJ Transit buses and trains to NYC. Green card available. A strong investment in a high-demand rental market perfect for investors or an owner-occupant.
Location
State NJ
County Essex
Interior
Laundry Basement
Exterior
Garage Spaces 2.0
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