124 Paine Ave, Irvington, NJ 07111
2-Two Story, Fourplex, Multi-Family - Irvington Twp., NJ
- Added:
- Apr 22, 2026
- Days on Market:
- 53
- Last Refresh:
- Jun 13 at 5:06 am
Property Features for 124 Paine Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
- Parking
- 6
- Parking features
- Driveway
- Basement Y/N
- 1
- Appliances
- Oven - Gas, Range, Refrigerator
- Standard status
- Active
- Size
- 4,232 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 20271
Building Details
- Year built
- 1953
- Number of units
- 4
- Building materials
- Aluminum Siding
- Roof type
- Shingle, Wood
- Architectural style
- Other
Listing agent JOEL MILLER (973) 762-5400
Listing office KELLER WILLIAMS MID-TOWN DIRECT 181 MAPLEWOOD AVENUE, Maplewood, NJ (973) 762-5400
Listing date Apr 22, 2026
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
- Turn‑key, income‑producing fourplex, ideal for investors seeking stable cash flow.
- Fully leased with separate utilities for each of the 4 residential apartments.
- Located within 6 minutes of Hillside, NJ, close to transportation, shopping, and amenities.
- Nine bedrooms and four bathrooms across the four units.
- Includes a two‑car garage and driveway for off‑street parking.
- Solid long‑term investment with dependable income and future upside potential.
Overview
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 | $108.2k | $25.56 |
| − Vacancy | −$7.0k | −$1.65 |
| EGI | $101.2k | $23.91 |
| − OpEx | −$30.4k | −$7.17 |
| NOI | $70.8k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Irvington
- County
- Essex
- State
- New Jersey
- Longitude
- -74.23709
- Latitude
- 40.71229
