Rehabilitated 6-Unit Walk-Up
For Sale
Contact for pricing
224 22nd St, Irvington, NJ 07111
Three-story walk-up multifamily with six 4-bedroom/2-bath units and an adjoining paved parking lot.
Property SizeContact for details
Days on Market123
Property Features for 224 22nd St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
6
Building Details
Year Renovated
2021
Stories
3
Listing Agency:
Howard E. Boyar LREB
Listed By:
Howard Boyar · License #NY 10491201975
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 3:43AM
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 Howard E. Boyar LREB
Investment Insights
Based on property information with market context.
This three-story walk-up multifamily building offers six apartments, each configured as 4 bedrooms with 2 baths. The property includes a separate adjoining paved parking lot, along with a laundry room and locked tenant storage rooms. The building is equipped with video surveillance and each unit features a video intercom.
In 2021, the property underwent a complete ground-up rehabilitation. Replacements include hallways, lighting, utilities, roofs, HVAC systems, furnaces, water heaters, plumbing, electrical, vinyl siding, meters, sidewalks, and landscaping. Apartment interiors were also renovated with new high-end stainless steel appliances, new wood flooring, new windows and doors, fully tiled baths, recessed lighting, and more.
The property is currently 100% occupied, and all tenants are subject to Section 8 vouchers. The Town of Irvington allows a 4% annual increase on renewal leases and vacancy decontrol on new leases, and real estate taxes have been abated until 2027 to help keep expenses low.
In 2021, the property underwent a complete ground-up rehabilitation. Replacements include hallways, lighting, utilities, roofs, HVAC systems, furnaces, water heaters, plumbing, electrical, vinyl siding, meters, sidewalks, and landscaping. Apartment interiors were also renovated with new high-end stainless steel appliances, new wood flooring, new windows and doors, fully tiled baths, recessed lighting, and more.
The property is currently 100% occupied, and all tenants are subject to Section 8 vouchers. The Town of Irvington allows a 4% annual increase on renewal leases and vacancy decontrol on new leases, and real estate taxes have been abated until 2027 to help keep expenses low.
Key Highlights
- 3‑story walk‑up multifamily with 6 units and a separate adjoining paved parking lot
- All 6 apartments are 4‑bedroom with 2 baths
- Complete ground‑up rehabilitation completed in 2021 with replacements including HVAC, furnaces, water heaters, plumbing, electrical, and roofs
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,340
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story walk-up multifamily with six 4-bedroom/2-bath units and an adjoining paved parking lot.
Where is this apartment building located?
The property is located at 224 22nd St Irvington, NJ.
What are key features of this property?
This property features: 3‑story walk‑up multifamily with 6 units and a separate adjoining paved parking lot; All 6 apartments are 4‑bedroom with 2 baths; Complete ground‑up rehabilitation completed in 2021 with replacements including HVAC, furnaces, water heaters, plumbing, electrical, and roofs
