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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

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.
More about this property
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