2-Unit Duplex with
For Sale
$649,900
14-18 Sheridan Street, Irvington, NJ 07111
Both residences have two bedrooms and one full bathroom, with finished partial-basement space also included.
Property Size2,779 SF
Price / SF$233.86
Days on Market21
Property Features for 14-18 Sheridan Street
General Information
Standard status
Active
Size
2,779 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Net Operating Income
$65,000
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
Carbon Monoxide Detector
Fire Extinguisher
Smoke Detector
Wood Floors
Curbs
StrmWind
FencVnyl
Building Details
Building Size
2,779 SF
Year Built
1930
Units
2
Listing Agency:
Cultura United Realty
(973) 348-5252
Listed By:
Alberto Wells
(866) 201-6210
Source:
Culturaunitedrealty
Added: Oct 4
Changed: Oct 24
Last Checked: Oct 23 at 10:21AM
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 Cultura United Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family duplex contains two residential units, each arranged with two bedrooms and one full bathroom. A garage and finished partial basement are additional features of the property.
The address is 14-18 Sheridan Street in Irvington, New Jersey.
The address is 14-18 Sheridan Street in Irvington, New Jersey.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 full bathroom
- Garage included
- Finished partial basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,510
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,200
$930.2K
Cap Rate 7%
$664,429
$664.4K
Cap Rate 9%
$516,778
$516.8K
Market Conditions
NOI Build-Up for 2,779 SF
Gross rent
$71.0K $25.56/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$66.4K $23.91/SF
− OpEx
−$19.9K −$7.17/SF
NOI
$46.5K $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%
$930,200
Cap Rate 7%
$664,429
Cap Rate 9%
$516,778
Alternative Uses
Best Use
Multifamily LT 5
$664.4K
$581.4K – $775.2K
NOI $46,510 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$610.5K
$534.2K – $712.3K
NOI $42,735 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$725.7K
$635.0K – $846.6K
NOI $50,796 @ 7.0% cap · market cap 7.82%
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
946
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 - Both residences have two bedrooms and one full bathroom, with finished partial-basement space also included.
Where is this duplex located?
The property is located at 14-18 Sheridan Street Irvington, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bathroom; Garage included; Finished partial basement
