Duplex with Finished
New
For Sale
$800,000
1615 Harvard Avenue, Highland Park, NJ 08904
Residential Income, Highland Park, NJ
Property Size1,992 SF
Lot Size0.11 Acres
Price / SF$401.61
Days on Market5
Property Features for 1615 Harvard Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Zoning description
Conform to Zoning
Rooms
Basement, Den
Patio and Porch features
Porch
Interior features
Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room, Den/Family Room), Unit 2(2 Bedrooms, Kitchen, Laundry Hookup, 1 Bath, Living Room)
Exterior features
Porch(es) - Enclosed, Storage Shed
Appliances
Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven, Refrigerator)
Lot features
Corner Lot
Elementary school district
Highland Park Borough School D
Middle school district
Highland Park Borough School D
High school district
Highland Park Borough School D
Directions
Amherst to Harvard
Standard status
Active
APN
0703903000000009
Size
1,992 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15932
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Baseboard
Cooling system
Wall Unit(s), Window Unit(s)
Water source
Public
Amenities
screened-in porch
Building Details
Year built
1930
Floors in Building
2
Flooring type
Carpet
Building materials
Vinyl Siding
Roof type
Flat, Asphalt
Additional Structures
Storage
Listing Agency:
CENTURY 21 J.J. LAUFER · Century 21 Real Estate
(732) 249-7717
Listed By:
Laura Levitt
(732) 586-7970
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 7:06AM
MLS# 2706062R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1930, this 1,992-square-foot duplex contains two apartments, each configured with two bedrooms, a kitchen, living room, and full bathroom. The first-floor unit also has a den or family room; the second-floor unit includes laundry hookups and a finished attic. A full basement with an additional bathroom provides more interior space. Recent work includes replacement flooring and carpeting, windows, siding, gutters, paint, and a stove. Heating is radiant and baseboard, with window and wall air-conditioning units.
The 0.1148-acre property is on a corner lot and has two separate driveways, an enclosed porch, and a storage shed. It is served by public water and public sewer and is zoned RA.
The 0.1148-acre property is on a corner lot and has two separate driveways, an enclosed porch, and a storage shed. It is served by public water and public sewer and is zoned RA.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- 1,992‑square‑foot building on a 0.1148‑acre corner lot
- Finished attic in the second‑floor apartment
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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments each offer two bedrooms, complemented by a finished attic and a full bathroom in the basement.
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 1 full bathroom; 1,992‑square‑foot building on a 0.1148‑acre corner lot; Finished attic in the second‑floor apartment
