Two-Story Side-by-Side
For Sale
$625,000
Pending
303 Ellis Ave, Irvington, NJ 07111
The property has central air, forced-air heating, and a gas water heater.
Property Size1,800 SF
Days on Market63
Property Features for 303 Ellis Ave
General Information
Standard status
Pending
Size
1,800 SF
Property subtype
Residential Income
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,822
Amenities
Central Air
Forced Air, Natural Gas
Unfinished
Gas Water Heater
2-Two Story, Duplex-Side by Side
Building Details
Year Built
1915
Stories
2
Listed By:
DERON BARNES
(732) 993-8163
Source:
Evrealestate
Added: Sep 3
Changed: Oct 26
Last Checked: Nov 3 at 6:06AM
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 DERON BARNES
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Investment Insights
Based on property information with market context.
This two-story duplex has side-by-side residences and was built in 1915. Property features include central air, forced-air heating powered by natural gas, a gas water heater, and unfinished space.
The property is at 303 Ellis Ave in Irvington Township, New Jersey, with access from 18th Ave.
The property is at 303 Ellis Ave in Irvington Township, New Jersey, with access from 18th Ave.
Key Highlights
- Two‑story, side‑by‑side duplex
- Built in 1915
- Central air and natural gas forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,680
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,600
$553.6K
Cap Rate 7%
$395,429
$395.4K
Cap Rate 9%
$307,556
$307.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$54.0K $30.00/SF
− Vacancy
−$3.7K −$2.04/SF
EGI
$50.3K $27.96/SF
− OpEx
−$22.6K −$12.58/SF
NOI
$27.7K $15.38/SF
Area
Essex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,600
Cap Rate 7%
$395,429
Cap Rate 9%
$307,556
Alternative Uses
Best Use
Apartment 5plus
$395.4K
$346.0K – $461.3K
NOI $27,680 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The property has central air, forced-air heating, and a gas water heater.
Where is this residential income property located?
The property is located at 303 Ellis Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑story, side‑by‑side duplex; Built in 1915; Central air and natural gas forced‑air heating
