Renovated Two-Family
For Sale
$789,000
1321 Clinton Ave #2, Irvington, NJ 07111
Two four-bedroom residences offer updated kitchens, central air, finished lower-level rooms, and a garage.
Property Size2,260 SF
Price / SF$349.12
Days on Market94
Property Features for 1321 Clinton Ave #2
General Information
Standard status
Active
Size
2,260 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 4BR/1BA
Multifamily Units
2
Amenities
Carbon Monoxide Detector
Fire Extinguisher
Smoke Detector
Wood Floors
Metal Fence
Wood Fence
Building Details
Building Size
2,260 SF
Year Built
1923
Units
2
Listing Agency:
Compass New Jersey, LLC
(973) 315-8180
Listed By:
Carlos Tam · License #1970408
(973) 532-4492
Source:
Culturaunitedrealty
Added: Aug 1
Changed: Nov 1
Last Checked: Oct 29 at 7:47PM
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 Compass New Jersey, LLC
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Investment Insights
Based on property information with market context.
This legal two-family duplex contains 2,260 square feet and dates to 1923. Each residence has four bedrooms, one full bath, an open living and dining area, an updated kitchen, recessed lighting, updated flooring, and central air. The finished lower level adds three bonus rooms and a full bath, while a garage provides additional on-site space.
The property occupies a corner location in Irvington, approximately 10 minutes from Seton Hall University. Transportation, shopping, and major roadways are also noted nearby.
The property occupies a corner location in Irvington, approximately 10 minutes from Seton Hall University. Transportation, shopping, and major roadways are also noted nearby.
Key Highlights
- Legal two‑family property with two four‑bedroom residences
- 2,260 square feet; built in 1923
- Finished lower level with three bonus rooms and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,824
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,480
$756.5K
Cap Rate 7%
$540,343
$540.3K
Cap Rate 9%
$420,267
$420.3K
Market Conditions
NOI Build-Up for 2,260 SF
Gross rent
$57.8K $25.56/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$54.0K $23.91/SF
− OpEx
−$16.2K −$7.17/SF
NOI
$37.8K $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%
$756,480
Cap Rate 7%
$540,343
Cap Rate 9%
$420,267
Alternative Uses
Best Use
Multifamily LT 5
$540.3K
$472.8K – $630.4K
NOI $37,824 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$496.5K
$434.4K – $579.2K
NOI $34,754 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$590.1K
$516.4K – $688.5K
NOI $41,309 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,999
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two four-bedroom residences offer updated kitchens, central air, finished lower-level rooms, and a garage.
Where is this duplex located?
The property is located at 1321 Clinton Ave #2 Irvington, NJ.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Legal two‑family property with two four‑bedroom residences; 2,260 square feet; built in 1923; Finished lower level with three bonus rooms and a full bath
