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    117-119 N 3Rd Ave Highland Park, NJ 08904

    Under Contract
    For Sale
    $1,350,000

    4 Family - Highland Park, NJ

    Property size:
    4,208 SF
    Days on Market:
    68
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 117-119 N 3Rd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    117119NO3RDAVE
    Parking features
    On Street
    Size
    4,208 SF

    Building Details

    Year built
    1926
    Architectural style
    Other

    Real Broker LLC (212) 380-3203 [email protected]

    Listing agent RAJ RYALI (855) 450-0442

    Listing date Sep 29, 2025

    MLS# 2601905R Listing URL

    Copyright © 2025 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highland Park Four-Unit Multifamily Property

    Located in Highland Park, this fully leased four-unit apartment building presents an investment opportunity. The property consists of two 2-bedroom/1-bath units and two 3-bedroom/1-bath units. One of the 3-bedroom units has been recently renovated and commands a higher monthly rent. The property has undergone upgrades including a full conversion to gas, a new ultra-efficient gas boiler, and a new main waterline. The property is approximately 4208 square feet. The location near Rutgers University and New Brunswick makes it attractive to tenants, including academics, graduate students, and medical professionals. All leases are in place through July 2026.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.428548
    Latitude
    40.500815

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    FAQs

    What type of property is this?
    Quadplex - Fully leased four-unit building in Highland Park with income potential.
    Where is this quadplex located?
    The property is located at 117-119 N 3Rd Ave Highland Park, NJ.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Fully leased 4-unit apartment building with strong in-place income ($84,000 NOI) and upside potential.; - Offered at a 6.25% in-place CAP rate with Pro Forma to 7.25% with light renovations.; - Balanced unit mix: two 2-bedroom/1-bath and two 3-bedroom/1-bath units.
    (855) 450-0442
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    117-119 N 3Rd Ave Highland Park, NJ 08904
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    Highland Park, NJ 08904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117-119 N 3Rd Ave Highland Park, NJ 08904
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