Turn-Key Two-Family Building in
35 Chester Ave, Irvington, NJ 07111
New
3-Three Story, Multi-Family - Irvington Twp., NJ
Property size:
2,352 SFLot size:
0.08 AcresPrice / SF:
$255/SF- Added:
- May 30, 2026
- Days on Market:
- 1
- Last Refresh:
- May 30 at 7:06 pm
Property Features for 35 Chester Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Kitchen, Living Room
- Parking
- 4
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
- Exterior features
- Sidewalk
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 2,352 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15904
Utilities
- Heating system
- Hot Water (Heating), Other (Heating)
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Aluminum Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent MICHAEL GALINDEZ (732) 257-3500
Listing office RE/MAX FIRST REALTY 33 BRUNSWICK WOODS DRIVE, NJ (732) 257-3500
Listing date May 30, 2026
MLS# 4031039
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully rented two‑family building offering immediate ROI.
- Recently renovated kitchens and updated bathrooms in both units.
- Finished third level offers potential for increased rental income or tenant storage.
- Each unit has a large living room, formal dining room, and two spacious bedrooms.
- Basement, detached garage, and off‑street parking included.
- Turn‑key property requiring no immediate renovations.
Overview
Located in the heart of Irvington, this turn-key two-family building at 35 Chester Avenue offers immediate return on investment with the potential for further growth. Each unit features a large living room, a formal dining room, two spacious bedrooms, an updated bathroom, and a recently renovated kitchen. The property also includes a finished third level that is not currently rented, offering flexibility to increase rental income, such as converting unit 2 into a three-bedroom apartment or providing extra storage for tenants. Additional features include a basement, a detached garage, and off-street parking. The property is situated on a lot of 0.08 acres and the building size is 2352 square feet.
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 | $60.1k | $25.56 |
| − Vacancy | −$3.9k | −$1.65 |
| EGI | $56.2k | $23.91 |
| − OpEx | −$16.9k | −$7.17 |
| NOI | $39.4k | $16.74 |
2,352 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$562.3K
$492.0K – $656.1K
NOI $39,363 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$516.7K
$452.1K – $602.8K
NOI $36,169 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$614.2K
$537.4K – $716.5K
NOI $42,991 @ 7.0% cap · market cap 7.17%
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
- Irvington
- County
- Essex
- State
- New Jersey
- Longitude
- -74.23102
- Latitude
- 40.71826
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully rented two-family building with immediate ROI and growth potential.
Where is this duplex located?
The property is located at 35 Chester Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully rented two‑family building offering immediate ROI.; Recently renovated kitchens and updated bathrooms in both units.; Finished third level offers potential for increased rental income or tenant storage.
