Renovated Two-Family in Highland
319 Harper Place, Highland Park, NJ 08904
MULTI_FAMILY - Highland Park, NJ
Property size:
2,138 SFLot size:
0.11 AcresPrice / SF:
$285/SF- Added:
- Apr 1, 2026
- Days on Market:
- 64
- Last Refresh:
- Jun 3 at 11:06 am
Property Features for 319 Harper Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RA
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 3, Dining Room, Basement, Bathroom 1, Bedroom 2
- Patio and Porch features
- Porch, Patio
- Interior features
- Unit 1(1 Bath, 1 Bedroom, Dining Room, Kitchen, Living Room), Unit 2(1 Bath, 2 Bedrooms, Dining Room, Kitchen, Living Room)
- Exterior features
- Curbs, Fencing/Wall, Patio, Porch(es) - Open, Sidewalk, Yard
- Fencing
- Fenced
- Appliances
- Water Heater(Gas), Water Heater, Unit 1(Dryer, Washer), Unit 2(Dryer, Refrigerator, Washer)
- Standard status
- Active Under Contract
- APN
- 0702901000000040
- Size
- 2,138 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13359
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Building materials
- Metal Siding
- Roof type
- Asphalt
Listing agent Morgan Chen (908) 647-1000
Listing office KELLER WMS GREATER BRUNSWICK 220 DAVIDSON AVE, SOMERSET, NJ (908) 751-7721
Listing date Apr 1, 2026
MLS# 2661615M
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.
HighLights
- Two‑family home with Unit 1 (1 bed/1 bath) and Unit 2 (2 beds/1 bath)
- In‑unit laundry for both units, plus appliances including washers, dryers, and refrigerators
- Brand‑new kitchens with dishwashers and true exhaust ventilation, along with fully renovated bathrooms and refinished flooring
- Major plumbing updates including replaced front and rear stacks, updated drains, and a new slop sink
- Electrical service modernized with two new panels; heating includes baseboard and hot water systems
- Roof replaced in 2020; new gutters, all new windows, and a newly paved asphalt multi‑car driveway with off‑street parking
Overview
This fully renovated two-family property in Highland Park, New Jersey, offers a flexible living arrangement with income-generating potential. The property features a 2-over-1 layout, with each unit designed for practical living. The first-floor unit includes one bedroom, while the second-floor unit offers two bedrooms. Both units feature oversized living rooms, formal dining rooms, and in-unit laundry. The property has been updated with new kitchens, including dishwashers and exhaust ventilation, renovated bathrooms, and refinished flooring. Infrastructure improvements include new plumbing with replaced front and rear stacks, updated drains, a new slop sink, and two new water heaters. The mechanical systems have been maintained and upgraded, including original boilers with circulating pumps replaced. Electrical service has been modernized with two new panels. Exterior improvements include a roof replaced in 2020, new gutters, and new windows. The lot has been cleared to create a more open backyard, and a newly paved asphalt driveway provides off-street parking. Situated blocks from Donaldson Park and near Rutgers University, the property offers access to Route 18, Route 1, the New Jersey Turnpike, and Route 287. The New Brunswick and Edison NJ Transit stations are approximately 1.4 miles and 2.3 miles away, respectively.
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 | $54.6k | $25.56 |
| − Vacancy | −$3.5k | −$1.65 |
| EGI | $51.1k | $23.91 |
| − OpEx | −$15.3k | −$7.17 |
| NOI | $35.8k | $16.74 |
2,138 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.2K
$447.3K – $596.4K
NOI $35,782 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$469.7K
$411.0K – $548.0K
NOI $32,878 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$558.3K
$488.5K – $651.3K
NOI $39,079 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Highland Park
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.425607
- Latitude
- 40.4958829
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in ready two-family near Rutgers University and transportation.
Where is this duplex located?
The property is located at 319 Harper Place Highland Park, NJ.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Two‑family home with Unit 1 (1 bed/1 bath) and Unit 2 (2 beds/1 bath); In‑unit laundry for both units, plus appliances including washers, dryers, and refrigerators; Brand‑new kitchens with dishwashers and true exhaust ventilation, along with fully renovated bathrooms and refinished flooring
