Renovated Duplex with
For Sale
$789,000
1321 Clinton Avenue, Irvington, NJ 07111
Two four-bedroom residences feature updated kitchens, central air, and finished lower-level bonus rooms.
Property Size2,260 SF
Price / SF$349.12
Days on Market78
Property Features for 1321 Clinton Avenue
General Information
Standard status
Active
Size
2,260 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 4BR/1BA
Multifamily Units
2
Amenities
central air
garage
3.0
15
Yes
8
Finished
Vinyl Siding
Building Details
Year Built
1923
Listing Agency:
Compass
Listed By:
Carlos Tam · License #1970408
(973) 747-5999
Source:
Compass
Added: Aug 5
Changed: Oct 7
Last Checked: Oct 20 at 11:33PM
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
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Investment Insights
Based on property information with market context.
Built in 1923, this renovated legal two-family property includes two residences, each with four bedrooms, one full bath, an open living-and-dining arrangement, an updated kitchen, recessed lighting, updated flooring, and central air. The finished lower level provides three additional bonus rooms and a full bath, supporting uses such as office, recreation, gym, media, or hobby space where permitted. A garage and corner-site placement add practical value to the configuration.
Located at 1321 Clinton Ave in Irvington Township, the property is approximately 10 minutes from Seton Hall University and near South Orange. The setting also offers access to transportation, shopping, and major roadways.
Located at 1321 Clinton Ave in Irvington Township, the property is approximately 10 minutes from Seton Hall University and near South Orange. The setting also offers access to transportation, shopping, and major roadways.
Key Highlights
- Legal two‑family property with two four‑bedroom residences
- Each unit includes 1 full bath, updated kitchen, central air, and open living‑dining space
- Finished lower level with 3 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two four-bedroom residences feature updated kitchens, central air, and finished lower-level bonus rooms.
Where is this duplex located?
The property is located at 1321 Clinton Avenue 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; Each unit includes 1 full bath, updated kitchen, central air, and open living‑dining space; Finished lower level with 3 bonus rooms and a full bath
