3-Unit Residential
For Sale
$725,000
1174 Clinton Ave, Irvington, NJ 07111
Two occupied apartments and a renovated vacant unit provide a mix of in-place tenancy and immediate occupancy flexibility.
Property Size3,483 SF
Lot Size0.06 Acres
Price / SF$208.15
Days on Market28
Property Features for 1174 Clinton Ave
General Information
Standard status
Active
Size
3,483 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$15,550
Amenities
refrigerator
gas range and oven
unfinished basement
Building Details
Building Size
3,483 SF
Year Built
1911
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX INSTYLE
Listed By:
ALEX MONACO · License #1434260
(609) 303-3456
Source:
Tkregroupinc
Added: Oct 8
Changed: Nov 1
Last Checked: Nov 3 at 9:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX INSTYLE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1911 and updated in 2018, this Irvington triplex contains three apartments with a combined 13 rooms, 10 bedrooms, and 3 baths. The unit mix includes a three-bedroom apartment occupied since 2020, a four-bedroom apartment with a tenant since 2017, and a remodeled, vacant three-bedroom apartment. Each unit has separate gas heat, a refrigerator, and a gas range and oven. The property also has an unfinished basement, vinyl siding, an asphalt shingle roof, and public water and sewer.
Located at 1174 Clinton Ave, just off Cummings Street, the property has a 25-by-100-foot lot. Tenants pay their own utilities.
Located at 1174 Clinton Ave, just off Cummings Street, the property has a 25-by-100-foot lot. Tenants pay their own utilities.
Key Highlights
- Three apartments with 13 rooms, 10 bedrooms, and 3 baths
- Unit mix: two 3‑bedroom apartments and one 4‑bedroom apartment
- Tenants in place since 2020 and 2017; third apartment is vacant and remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,292
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,840
$1.2M
Cap Rate 7%
$832,743
$832.7K
Cap Rate 9%
$647,689
$647.7K
Market Conditions
NOI Build-Up for 3,483 SF
Gross rent
$89.0K $25.56/SF
− Vacancy
−$5.8K −$1.65/SF
EGI
$83.3K $23.91/SF
− OpEx
−$25.0K −$7.17/SF
NOI
$58.3K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,840
Cap Rate 7%
$832,743
Cap Rate 9%
$647,689
Alternative Uses
Best Use
Multifamily LT 5
$832.7K
$728.7K – $971.5K
NOI $58,292 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$765.2K
$669.5K – $892.7K
NOI $53,562 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$909.5K
$795.8K – $1.06M
NOI $63,664 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,976
Businesses Nearby
Explore this area
Business Placement
Demographics for 07111, NJ
61,176
Population
24,176
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
21,095
Density / Sq Mi
$59,232
Median Household Income
$37,640
Median Earnings
$1,324
Median Rent
$291,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two occupied apartments and a renovated vacant unit provide a mix of in-place tenancy and immediate occupancy flexibility.
Where is this triplex located?
The property is located at 1174 Clinton Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three apartments with 13 rooms, 10 bedrooms, and 3 baths; Unit mix: two 3‑bedroom apartments and one 4‑bedroom apartment; Tenants in place since 2020 and 2017; third apartment is vacant and remodeled
