197 Park Pl, Irvington Twp., NJ 07111
197 Park Pl, Irvington Twp., NJ 07111
197 Park Pl, Irvington Twp., NJ 07111
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$725,000
Est. payment /mo
10 Beds
5 Baths
6,098 Sqft Lot
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Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

Subdivision Upper Irvington

MLS Listing ID 4011783

Style Under/Over

Bedrooms 10

Full Baths 5

Year Built 1921

Annual Tax Amount $15,312

Tax Year 2025

Lot Size 6,098 Sqft

Property Description

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.

Location

State NJ

County Essex

Rooms

Basement Finished, Full, Walkout

Interior

Heating Gas-Natural

Cooling 2 Units

Heat Source Gas-Natural

Exterior

Exterior Feature Stone, Vinyl Siding

Utilities Available All Underground

Roof Type Composition Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style Under/Over

Others

Senior Community No


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Garden State MLS(GSMLS)
Listed by COLDWELL BANKER REALTY

Nearby Locations

Lisa Baker
Lisa Baker

Agent | License ID: 2186236

+1(973) 270-3038 | lisa.baker@cbrealty.com

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