Two-Family Income Property with
177 Linden Avenue Irvington, NJ 07111
177 Linden Avenue, Irvington, NJ, 07111
$499,000
For Sale
$499,000
Well-maintained two-family home with separate entrances for both units and off-street parking for up to four vehicles.
Property Size999 SF
Price / SF$499.50
Days on Market72
Property Features for 177 Linden Avenue
General Information
- Standard status
- Active
- Size
- 999 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 1953
Listing agency
PREMIER HOMES
(908) 245-6767
Listed by
BRUNO SILVA · License #409206
(908) 245-6767
Source
Compass
Added: May 13 Updated: Jul 21 at 2:35PM Checked: Jul 22 at 9:43AM
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.5k | $25.56 |
| − Vacancy | −$1.6k | −$1.65 |
| EGI | $23.9k | $23.91 |
| − OpEx | −$7.2k | −$7.17 |
| NOI | $16.7k | $16.74 |
999 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
