117 S PAVILION Avenue Riverside, NJ 08075
MULTI_FAMILY - Other - RIVERSIDE, NJ
Property Features for 117 S PAVILION Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking
- 1
- Parking features
- On Street, Assigned, Parking Lot
- Interior features
- Combination Kitchen/Dining, Additional Stairway, Wood Floors, Carpet, Recessed Lighting
- Appliances
- Built-In Microwave, Built-In Range, Central Vacuum, WaterHeater, Stainless Steel Appliances, Refrigerator, Stove, Oven/Range - Gas, Dryer - Gas, Washer
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5633
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1935
- Number of units
- 2
- Building materials
- Stucco, Mixed
- Architectural style
- Other
Listing agent Jean Andrade-Mendoza License #1974039 (609) 808-1718
Listing office EXP Realty, LLC 28 Valley Road unit: 1, Montclair, NJ (866) 201-6210
Listing date May 31, 2026
Copyright © 2026 Bright 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.
Unit 2 is a commercial space with large storefront windows, a reception area, and functional rear flex rooms. The space is currently leased, with remarks indicating a rent of approximately $2,000–$2,200 per month.
The residential unit is vacant by design as of June 1st, providing flexibility for an owner-occupant or an investor. Showings are set to begin June 11, 2026, with open houses this Sunday. The property is located in Riverside, NJ, with remarks noting proximity of about two blocks to the Riverside Light Rail Station and bus stop.
Key Highlights
- 2‑unit mixed property with Unit 1 residential and Unit 2 commercial storefront space
- Unit 1: 3‑bedroom, 1‑bath home with private entrance and private parking spot
- Unit 1 includes eat‑in kitchen with oak cabinetry and stainless steel appliances; hardwood floors and recessed lighting
Local Financial Insights For Apartment 5plus
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 | $75.0k | $30.00 |
| − Vacancy | −$5.1k | −$2.04 |
| EGI | $69.9k | $27.96 |
| − OpEx | −$31.5k | −$12.58 |
| NOI | $38.4k | $15.38 |
