221 223 E 2Nd Ave Roselle, NJ 07203
MULTI_FAMILY - Roselle Boro, NJ
- Added:
- May 17, 2026
- Days on Market:
- 56
- Last Refresh:
- Jul 11 at 11:06 pm
Property Features for 221 223 E 2Nd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 8, Bathroom 4, Bathroom 6, Bedroom 5, Basement, Bedroom 4, Bathroom 7, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 10
- Patio and Porch features
- Patio
- Exterior features
- Patio, Pool-Above Ground, Privacy Fence
- Fencing
- Privacy
- Standard status
- Active
- Size
- 2,911 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 26425
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Radiant, Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent MIRILEIDY PARRA License #407084 (866) 201-6210
Listing office EXP REALTY, LLC 28 VALLEY ROAD #1, Montclair, NJ (866) 201-6210
Listing date May 17, 2026
Copyright © 2026 Garden State MLS, LLC. 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.
The property address is 221 and 223 E 2nd Ave, Roselle Boro, NJ 07203-1305, in Union County. The listing is classified as residential income property and multifamily, consistent with a duplex-style arrangement.
For buyers evaluating residential income opportunities, this offering provides a straightforward duplex-style configuration on an approximately one-third-acre lot.
Key Highlights
- 8‑bedroom layout with 7 bathrooms, plus a basement
- Central air cooling
- Heating includes a heat pump, electric heating, and radiant heat
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 | $74.4k | $25.56 |
| − Vacancy | −$4.8k | −$1.65 |
| EGI | $69.6k | $23.91 |
| − OpEx | −$20.9k | −$7.17 |
| NOI | $48.7k | $16.74 |
