Two-Unit Duplex with
For Sale
$598,000
191 21st St, Irvington, NJ 07111
Two residential units include separate kitchens and dining rooms.
Property Size2,107 SF
Price / SF$283.82
Days on Market48
Property Features for 191 21st St
General Information
Standard status
Active
Size
2,107 SF
Property subtype
Multi-Family
Building Details
Year Built
1926
Listing Agency:
YES REALTY
Listed By:
NAFTALI GREENBERG · License #407311
(347) 425-5988
Source:
Luminancerealty
Added: Sep 18
Changed: Nov 3
Last Checked: Nov 3 at 10:26AM
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 YES REALTY
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Investment Insights
Based on property information with market context.
This 2,107-square-foot duplex, built in 1926, contains two residential units with separate kitchens and dining areas. The upper apartment is vacant and offers four bedrooms and one bathroom, along with updated flooring, fresh paint, and a window AC unit. The lower apartment includes three bedrooms and one bathroom and is occupied by a long-term tenant.
The property also provides a full unfinished basement with high ceilings, plus a private driveway and garage for off-street parking. Located at 191 21st St in Irvington, New Jersey, the layout includes a combination of existing rental occupancy and a vacant unit.
The property also provides a full unfinished basement with high ceilings, plus a private driveway and garage for off-street parking. Located at 191 21st St in Irvington, New Jersey, the layout includes a combination of existing rental occupancy and a vacant unit.
Key Highlights
- 2,107‑square‑foot duplex built in 1926
- Two units: upper 4‑bedroom/1‑bath and lower 3‑bedroom/1‑bath
- Vacant upper unit with new flooring, fresh paint, and window AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,263
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,260
$705.3K
Cap Rate 7%
$503,757
$503.8K
Cap Rate 9%
$391,811
$391.8K
Market Conditions
NOI Build-Up for 2,107 SF
Gross rent
$53.9K $25.56/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.4K $23.91/SF
− OpEx
−$15.1K −$7.17/SF
NOI
$35.3K $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%
$705,260
Cap Rate 7%
$503,757
Cap Rate 9%
$391,811
Alternative Uses
Best Use
Multifamily LT 5
$503.8K
$440.8K – $587.7K
NOI $35,263 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$462.9K
$405.0K – $540.0K
NOI $32,401 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$550.2K
$481.4K – $641.9K
NOI $38,513 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
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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 - Two residential units include separate kitchens and dining rooms.
Where is this duplex located?
The property is located at 191 21st St Irvington, NJ.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: 2,107‑square‑foot duplex built in 1926; Two units: upper 4‑bedroom/1‑bath and lower 3‑bedroom/1‑bath; Vacant upper unit with new flooring, fresh paint, and window AC
