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Income-Generating Six-Family Property
For Sale
$1,100,000

463 21st St, Irvington, NJ 07111

Well-maintained six-family property near shopping and NYC transportation.

Property Size9,999 SF
Lot Size0.07 Acres
Price / SF$110.01
Days on Market693

Property Features for 463 21st St

General Information

Standard status Active
Size 9,999 SF
Lot size 0.07 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $14,271

Amenities

Asphalt Shingle Roof
1 Car Width
2 Car Width
4+ Units Heating
Additional Parking
Flat Roof
Radiators - Hot Water Heating
Listing Agency: THE REAL ESTATE COMPANY
Listed By: SUSANA BANCES · License #231617
Source: Corcoran
Added: Nov 8, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:25AM

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 THE REAL ESTATE COMPANY

Investment Insights

Based on property information with market context.

This is a rare opportunity to acquire a well-maintained, income-generating six-family property. Each unit features two bedrooms, one bathroom, a spacious living room, an eat-in kitchen, and a pantry. All utilities are metered separately. The layout is identical across all units, offering consistency and ease of management. The property includes a two-car garage, a four-car driveway, and ample on-street parking. This asset presents a reliable income stream with stable tenants in place. Additionally, the garage and parking spaces offer the potential for extra rental income. The property is located in close proximity to shopping centers and malls, with convenient access to NYC transportation.

Key Highlights

  • Income‑generating six‑family property with stable tenants.
  • Each unit features two bedrooms, one bathroom, a spacious living room, an eat‑in kitchen, and a pantry.
  • Separate utility meters for each unit.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Acupuncture Parking Lot & Garage Gym & Fitness Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,579
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained six-family property near shopping and NYC transportation.
Where is this apartment building located?
The property is located at 463 21st St Irvington, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Income‑generating six‑family property with stable tenants.; Each unit features two bedrooms, one bathroom, a spacious living room, an eat‑in kitchen, and a pantry.; Separate utility meters for each unit.
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