Residential Duplex with
For Sale
$585,000
27 Highland Terrace, Irvington, NJ 07111
Two-unit residential property featuring parking.
Property Size2,800 SF
Price / SF$208.93
Days on Market467
Property Features for 27 Highland Terrace
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi Family / 2-Two Story
Taxes and HOA fees
Annual Taxes
$10,900
Amenities
Yes
No
Flat
Carbon Monoxide Detector, Fire Alarm Sys, Hot Tub, Tile Floors, Walk-In Closet
Finished-Partially
Vinyl Siding
Building Details
Year Built
1950
Listing Agency:
GOOD SHEPHERD REALTY
Listed By:
ROMAL FLOYD PATTERSON · License #308423
(973) 996-2795
Source:
Compass
Added: Jul 8, 2025
Changed: Oct 13
Last Checked: Oct 16 at 11:32AM
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 GOOD SHEPHERD REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential property features two units. The layout includes a two-bedroom, one-bathroom unit situated above a two-bathroom, one-bathroom unit. The property is being sold in its current condition and includes parking.
Key Highlights
- Beautiful house, ready for you to make it your own.
- Includes parking, a valuable amenity.
- Two bedrooms offer comfortable living space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,861
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,220
$937.2K
Cap Rate 7%
$669,443
$669.4K
Cap Rate 9%
$520,678
$520.7K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$71.6K $25.56/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$66.9K $23.91/SF
− OpEx
−$20.1K −$7.17/SF
NOI
$46.9K $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%
$937,220
Cap Rate 7%
$669,443
Cap Rate 9%
$520,678
Alternative Uses
Best Use
Multifamily LT 5
$669.4K
$585.8K – $781.0K
NOI $46,861 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$615.1K
$538.2K – $717.6K
NOI $43,058 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$731.1K
$639.8K – $853.0K
NOI $51,180 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,489
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property featuring parking.
Where is this duplex located?
The property is located at 27 Highland Terrace Irvington, NJ.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Beautiful house, ready for you to make it your own.; Includes parking, a valuable amenity.; Two bedrooms offer comfortable living space.
