Two-Family Income Property with
For Sale
$499,000
Pending
177 Linden Avenue, Irvington, NJ 07111
Well-maintained two-family home with separate entrances for both units and off-street parking for up to four vehicles.
Property Size999 SF
Days on Market165
Property Features for 177 Linden Avenue
General Information
Standard status
Pending
Size
999 SF
Total Parking Spaces
6
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,699
Amenities
10
3
3.0
20
Aluminum Siding
Building Details
Year Built
1953
Listing Agency:
PREMIER HOMES
Listed By:
BRUNO SILVA · License #409206
(908) 245-6767
Source:
Compass
Added: May 12
Changed: Oct 23
Last Checked: Oct 20 at 11:49PM
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 PREMIER HOMES
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Investment Insights
Based on property information with market context.
This well-maintained two-family home offers separate, privately accessed living areas in a flexible residential income configuration. Unit 1 includes four bedrooms and one full bath with its own private entrance. Unit 2 provides four bedrooms and one full bath with a private entrance, plus a separately accessible attic level featuring two additional bedrooms and a full bath for expanded living options. The property is described as move-in ready, and there is also noted potential to finish a basement unit with a full bathroom.
Outside, the home includes a private driveway accommodating up to four vehicles and two detached garages. The property is located near multiple NJ Transit bus lines and the Irvington Bus Terminal, with easy access to Newark, NYC, and major highways.
From a practical setup standpoint, the home’s separate entrances and attic-level accessibility support independent use while allowing flexibility in how the upper space can function.
Outside, the home includes a private driveway accommodating up to four vehicles and two detached garages. The property is located near multiple NJ Transit bus lines and the Irvington Bus Terminal, with easy access to Newark, NYC, and major highways.
From a practical setup standpoint, the home’s separate entrances and attic-level accessibility support independent use while allowing flexibility in how the upper space can function.
Key Highlights
- Well‑maintained 1953 two‑family home with separate private entrances for both units
- Unit 1: 4 bedrooms and 1 full bath with private entrance
- Unit 2: 4 bedrooms and 1 full bath with private entrance, plus separately accessible attic level with 2 additional bedrooms and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,719
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,380
$334.4K
Cap Rate 7%
$238,843
$238.8K
Cap Rate 9%
$185,767
$185.8K
Market Conditions
NOI Build-Up for 999 SF
Gross rent
$25.5K $25.56/SF
− Vacancy
−$1.6K −$1.65/SF
EGI
$23.9K $23.91/SF
− OpEx
−$7.2K −$7.17/SF
NOI
$16.7K $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%
$334,380
Cap Rate 7%
$238,843
Cap Rate 9%
$185,767
Alternative Uses
Best Use
Multifamily LT 5
$238.8K
$209.0K – $278.7K
NOI $16,719 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$219.5K
$192.0K – $256.1K
NOI $15,363 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$260.9K
$228.3K – $304.3K
NOI $18,260 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,081
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home with separate entrances for both units and off-street parking for up to four vehicles.
Where is this duplex located?
The property is located at 177 Linden Avenue Irvington, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Well‑maintained 1953 two‑family home with separate private entrances for both units; Unit 1: 4 bedrooms and 1 full bath with private entrance; Unit 2: 4 bedrooms and 1 full bath with private entrance, plus separately accessible attic level with 2 additional bedrooms and a full bath
