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197 Park Pl

Irvington Twp. , NJ 07111

MLS#: 4011783

$725,000

Status: Active
Listing number: 4011783
Listing provided by: COLDWELL BANKER REALTY
Listing agent phone: None
Last update: 13 hours ago
On site: 8 days ago
Browse Properties
Upper Irvington - Residential Income

Property

Beds

10

Full Baths

5

1/2 Baths

None

Year Built

1921

Sq.Footage

N/A

Rare opportunity to acquire a uniquely configured multi-income property in Upper Irvington. Currently set up with FIVE separate living spaces, offering flexibility for investors, house hackers, or buyers looking to have separate guest quarters. The main building features: Two 3-bedroom, 1-bathroom full apartments (One currently occupied & one delivered vacant) In addition, the property includes three additional income-producing spaces: A 2-bedroom, 1-bathroom full lower level apartment and a private single-room suite with its own bathroom and kitchenette. Also, a converted studio apartment in the rear of the property. Every unit and space includes its own washer and dryer, a revenue generating amenity that supports strong rental appeal and premium pricing. With only one unit currently occupied, the next owner has the opportunity to reposition rents to market value, continue or expand short-term rental use, house hack and live in one unit while collecting income. This is not a cookie-cutter multi-family! It's a flexible income property designed for someone who understands how to maximize cash flow. Strong rental demand area with convenient access to transportation, shopping, and major routes.

Features & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    5

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Forced Air, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stone, Vinyl Siding

  • Other Exterior Features

    Barbecue

  • Parking

    Off Street

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.14

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Under/Over

Price

  • Sales Price

    $725,000

  • Tax Amount

    $15,312

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

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Location

County

Essex

Elementary School

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Listing Courtesy of None , COLDWELL BANKER REALTY

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Rare opportunity to acquire a uniquely configured multi-income property in Upper Irvington. Currently set up with FIVE separate living spaces, offering flexibility for investors, house hackers, or buyers looking to have separate guest quarters. The main building features: Two 3-bedroom, 1-bathroom full apartments (One currently occupied & one delivered vacant) In addition, the property includes three additional income-producing spaces: A 2-bedroom, 1-bathroom full lower level apartment and a private single-room suite with its own bathroom and kitchenette. Also, a converted studio apartment in the rear of the property. Every unit and space includes its own washer and dryer, a revenue generating amenity that supports strong rental appeal and premium pricing. With only one unit currently occupied, the next owner has the opportunity to reposition rents to market value, continue or expand short-term rental use, house hack and live in one unit while collecting income. This is not a cookie-cutter multi-family! It's a flexible income property designed for someone who understands how to maximize cash flow. Strong rental demand area with convenient access to transportation, shopping, and major routes.

197 Park Pl

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