122 Elmwood Ave Irvington, NJ 7111
Value-add multifamily property with rental upside in Irvington, New Jersey.
Type:Multifamily
- Added:
- Apr 3, 2026
- Days on Market:
- 21
- Last Refresh:
- Apr 3 at 5:32 am
Property Features for 122 Elmwood Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Jonathan Zamora License #NJ: 1222363 (201) 742-6121
Listing office New Jersey Office (201) 742-6121
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Irvington Multifamily Investment Opportunity
Located at 122 Elmwood Avenue in Irvington, New Jersey, this brick garden-style apartment building presents a value-add investment opportunity. The eight-unit multifamily property offers significant rental upside through recently completed renovations and the benefits of vacancy decontrol. Six of the eight units have been recently renovated, with 100 percent upside potential for the remaining two units. Additional income can be unlocked through seven parking spaces, outdoor storage, and a large basement that presents an opportunity to develop additional storage units for tenants. The property is strategically located just one block from Springfield Avenue at Sanford Avenue Bus Station, offering seamless access to public transportation. Irvington continues to attract renters seeking affordability and convenience while remaining connected to major employment hubs such as New York City. This property presents an excellent opportunity for investors looking to capitalize on rental growth and additional revenue streams in a dynamic Northern New Jersey market.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Irvington
- County
- Essex
- State
- New Jersey
- Longitude
- -74.243408
- Latitude
- 40.7261974
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add multifamily property with rental upside in Irvington, New Jersey.
Where is this apartment building located?
The property is located at 122 Elmwood Ave Irvington, NJ.
What are key features of this property?
This property features: Significant rental upside potential through value‑add renovations and vacancy decontrol.; Six out of eight units are recently renovated, offering immediate increased rental income.; Potential for additional income from parking spaces, outdoor storage, and basement storage unit development.
