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Oversized Lot Multifamily Redevelopment

18 Roosevelt Terrace Irvington, NJ 07111

18 Roosevelt Terrace, Irvington, NJ, 07111
$650,000
For Sale
$650,000

Multifamily property on an oversized lot, improved with a distressed structure, sold strictly AS-IS.

Property Size700 SF
Lot Size0.43 Acres
Price / SF$928.57
Days on Market80

Property Features for 18 Roosevelt Terrace

General Information

Standard status
Active
Size
700 SF
Lot size
0.43 Acres
Property subtype
Multi Family / 1-One Story

Building Details

Year Built
1953
Listing agency Compass
Listed by Danoly Mathelier · License #1222706
Source Compass
Added: May 3 Updated: Jul 21 at 3:21AM Checked: Jul 21 at 3:21AM

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 Compass


Investment Insights

Based on property information with market context.

This multifamily property sits on an oversized lot and is currently improved with an existing multi-family structure in distressed condition. The offering provides redevelopment and repositioning opportunities, with options that may include renovation or new construction, subject to township approvals and zoning regulations. The sale is strictly AS-IS, and the buyer is responsible for all inspections, certifications, and municipal requirements.

The property is conveniently located near major roadways, public transportation, shopping, and local amenities, supporting a variety of future use plans based on approvals.

Given the parcel size and existing improvements, this can be a workable fit for investors or end-users seeking a land-value-driven redevelopment approach in an evolving Essex County market.

Key Highlights

  • Approximately 0.43‑acre lot in Irvington, improved with an existing multi‑family structure.
  • Property is being sold strictly AS‑IS; buyer to perform all due diligence, inspections, certifications, and municipal requirements.
  • Existing structure includes an unfinished basement and aluminum siding exterior.

Property Analytics

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Law Firm Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Acupuncture Veterinary Clinic Skin Care Clinic Cafe & Coffee Shop Electrical Service Pet Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Multifamily property on an oversized lot, improved with a distressed structure, sold strictly AS-IS.
Where is this multifamily property located?
The property is located at 18 Roosevelt Terrace Irvington, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 0.43‑acre lot in Irvington, improved with an existing multi‑family structure.; Property is being sold strictly AS‑IS; buyer to perform all due diligence, inspections, certifications, and municipal requirements.; Existing structure includes an unfinished basement and aluminum siding exterior.
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