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Transformed 3-Family Residence
For Sale
$800,000

28 Grove Ter, Irvington, NJ 07111

Legal three-family with independent HVAC, new MEP systems, and modern finishes across three self-contained units.

Property SizeContact for details
Days on Market120

Property Features for 28 Grove Ter

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Clear Height 9 ft
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $4,503

Building Details

Year Built 2026
Stories 3
Units 3
Tenancy Multi
Listed By: WILLIAM BARRAZA
Source: Elliman
Added: May 15 Changed: Sep 3 Last Checked: Sep 10 at 11:25AM

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 WILLIAM BARRAZA

Investment Insights

Based on property information with market context.

Elegantly transformed legal 3-family in Irvington, NJ, with everything updated except the foundation. The building offers three 2-bedroom, 2-bath units, each occupying its own floor with independent HVAC systems and 9-foot ceilings. Interior upgrades include Forevermark kitchens with custom cabinetry and a full GE appliance package, plus modern vanities and Smart toilets with auto-flush and bidet function. Rich 5-inch solid hardwood floors extend throughout, complemented by designer chandeliers and two bespoke accent walls per unit. Oversized patio doors help create a seamless indoor-outdoor feel.

All electrical, plumbing, and HVAC systems have been fully replaced. Exterior improvements include vertical fiber cement siding, a new roof, new sidewalk, and new entry stairs.

This property is FHA eligible and includes a 5-year municipal tax abatement in place. Current gross monthly rent is $7,500, for an annual rent roll of $90,000.

Key Highlights

  • Legal 3‑family in Irvington with three self‑contained units, each on its own floor with independent HVAC
  • All MEP systems fully replaced, including new electrical, plumbing, and HVAC
  • Each unit features 9‑foot ceilings, high ceilings, and 5‑inch solid hardwood floors

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture (Bike/Boat/Book/etc) Store Nursing Home Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9 ft
Clear height
3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,239
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-family with independent HVAC, new MEP systems, and modern finishes across three self-contained units.
Where is this triplex located?
The property is located at 28 Grove Ter Irvington, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Legal 3‑family in Irvington with three self‑contained units, each on its own floor with independent HVAC; All MEP systems fully replaced, including new electrical, plumbing, and HVAC; Each unit features 9‑foot ceilings, high ceilings, and 5‑inch solid hardwood floors
More about this property
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