Two-Unit Residential Income
224-224 N 4th Avenue Highland Park, NJ 08904
224-224 N 4th Avenue, Highland Park, NJ, 08904
$705,000
For Sale
$705,000
MULTI_FAMILY - Highland Park, NJ
Property Size1,872 SF
Lot Size0.07 Acres
Price / SF$376.60
Days on Market29
Property Features for 224-224 N 4th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Dining Room, Bathroom 2, Bathroom 1, Basement
- Parking features
- On Street
- Patio and Porch features
- Deck, Porch
- Interior features
- Unit 1(Dining Room, 2 Bedrooms, Kitchen, Laundry Hookup), Unit 2(Dining Room, 2 Bedrooms, Kitchen, Living Room)
- Exterior features
- Porch(es) - Enclosed, Curbs, Porch(es) - Open, Deck, Sidewalk, Fencing/Wall, Porch
- Fencing
- Fenced
- Appliances
- Water Heater(Gas), Water Heater
- Standard status
- Active
- APN
- 0701504000000031
- Size
- 1,872 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 11778
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Other (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Building materials
- Metal Siding
- Roof type
- Asphalt
Listing Agency
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
481 MEMORIAL PARKWAY, Metuchen, NJ
Listed by
Michael Mcdonald
(732) 549-1998
Added: Jun 19 Checked: Jul 17 at 9:06 am
MLS# 2617867R
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This two-unit duplex features two rental units, with each unit containing two large bedrooms, a kitchen with dining area, a living room, and bathrooms with tubs. Both units provide substantial closet space. Additional exterior and interior amenities include a front porch for the downstairs unit and an enclosed porch for the upstairs unit, along with a full basement that includes laundry facilities and a full attic for storage.
The property is located in Highland Park, NJ, in Middlesex County. It is described as being within a short distance of Donaldson Park and close to Rutgers, St. Peter’s University, and Robert Wood Johnson Hospitals, as well as shopping, parks, schools, and places of worship.
The home sits on a 0.0689-acre lot and totals 1,872 square feet, according to the provided information.
The property is located in Highland Park, NJ, in Middlesex County. It is described as being within a short distance of Donaldson Park and close to Rutgers, St. Peter’s University, and Robert Wood Johnson Hospitals, as well as shopping, parks, schools, and places of worship.
The home sits on a 0.0689-acre lot and totals 1,872 square feet, according to the provided information.
Key Highlights
- 2‑unit rental property built in 1910, each unit has 2 bedrooms plus a kitchen and dining/living areas
- Full basement with laundry facilities and a separate full attic for storage
- Front porch (downstairs unit) and enclosed porch (upstairs unit) plus an open deck
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.8k | $25.56 |
| − Vacancy | −$3.1k | −$1.65 |
| EGI | $44.8k | $23.91 |
| − OpEx | −$13.4k | −$7.17 |
| NOI | $31.3k | $16.74 |
1,872 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$447.6K
$391.6K – $522.2K
NOI $31,330 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$411.3K
$359.9K – $479.8K
NOI $28,788 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$488.8K
$427.7K – $570.3K
NOI $34,217 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offers two rental units, each with two bedrooms, plus a full basement with laundry and an attic.
Where is this duplex located?
The property is located at 224-224 N 4th Avenue Highland Park, NJ.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: 2‑unit rental property built in 1910, each unit has 2 bedrooms plus a kitchen and dining/living areas; Full basement with laundry facilities and a separate full attic for storage; Front porch (downstairs unit) and enclosed porch (upstairs unit) plus an open deck
