Duplex with Finished
For Sale
$800,000
1615 Harvard Avenue, Highland Park, NJ 08904
Updated interiors, a screened porch, and separate driveways complement the property’s two-apartment layout.
Property Size1,992 SF
Price / SF$401.61
Days on Market8
Property Features for 1615 Harvard Avenue
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
screened-in porch
full basement
finished attic
Building Details
Year Built
1930
Buildings
1
Listing Agency:
CENTURY 21 J.J. LAUFER
Listed By:
LAURA LEVITT
(732) 249-7717
Source:
Actionplusrealty
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 12 at 7:18PM
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 CENTURY 21 J.J. LAUFER
Investment Insights
Based on property information with market context.
At 1615 Harvard Ave in Highland Park, this duplex contains two apartments, each with two bedrooms, a full bathroom, and baseboard heat. The second-floor unit has a finished attic, while the full basement provides additional space and another full bathroom. Recent work includes replacement windows, siding, flooring and carpet, gutters, paint, and a stove.
Set on a corner lot, the property has two separate driveways, a screened-in porch, and a backyard. It was built in 1930. Walk Score is 72, Bike Score is 51, and Transit Score is 30.
Set on a corner lot, the property has two separate driveways, a screened-in porch, and a backyard. It was built in 1930. Walk Score is 72, Bike Score is 51, and Transit Score is 30.
Key Highlights
- Two apartments, each with 2 bedrooms and a full bathroom
- Finished attic in the second‑floor apartment
- Full basement with an additional full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,338
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,760
$666.8K
Cap Rate 7%
$476,257
$476.3K
Cap Rate 9%
$370,422
$370.4K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$50.9K $25.56/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$47.6K $23.91/SF
− OpEx
−$14.3K −$7.17/SF
NOI
$33.3K $16.74/SF
Area
Middlesex 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%
$666,760
Cap Rate 7%
$476,257
Cap Rate 9%
$370,422
Alternative Uses
Best Use
Multifamily LT 5
$476.3K
$416.7K – $555.6K
NOI $33,338 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$437.6K
$382.9K – $510.6K
NOI $30,633 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$520.2K
$455.1K – $606.9K
NOI $36,411 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
Demographics for 08904, NJ
15,072
Population
6,858
Households
2.2
Avg Household Size
36
Median Age
70%
College-Educated
94%
High-School Grad
1.8 sq mi
ZIP Area
8,373
Density / Sq Mi
$101,991
Median Household Income
$58,786
Median Earnings
$1,881
Median Rent
$463,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors, a screened porch, and separate driveways complement the property’s two-apartment layout.
Where is this duplex located?
The property is located at 1615 Harvard Avenue Highland Park, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and a full bathroom; Finished attic in the second‑floor apartment; Full basement with an additional full bathroom
