Renovated Two-Unit Multifamily
324 Harper Place Highland Park, NJ 08904
For Sale
Under Contract
$888,000
MULTI_FAMILY - Highland Park, NJ
Property Size2,613 SF
Lot Size0.10 Acres
Price / SF$339.84
Days on Market49
Property Features for 324 Harper Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Rooms
Basement, Dining Room, Bathroom 1, Bathroom 2
Parking features
Oversize, On Street, Garage
Patio and Porch features
Porch, Patio
Interior features
Unit 1(Dining Room, 2 Bedrooms, Kitchen, Living Room, 1 1/2 Baths), Unit 2(Dining Room, 3 Bedrooms, Kitchen, 1 Bath, Living Room)
Exterior features
Patio, Yard, Porch
Appliances
Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Standard status
Active Under Contract
APN
0702904000000033
Size
2,613 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15090
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1923
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
Judith Meghnagi
(866) 201-6210
Added: Jun 11
Changed: Jul 13
Last Checked: Jul 29 at 3:06PM
MLS# 2617421R
Copyright © 2026 All Jersey MLS. 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.
This fully renovated two-unit multifamily property features 53 brand-new windows and all new interior and exterior doors. The home includes two brand-new kitchens, with updated living spaces in both units designed to support day-to-day modern living. An oversized detached garage adds practical off-street parking and storage value for residents or operators.
Located in Highland Park, the property is described as being within a short distance of the downtown district, with access to restaurants, cafes, boutiques, and everyday shopping. It is also positioned near schools, houses of worship, parks, and other community amenities. The remarks further note easy access to major highways and public transportation, including several local train stations for travel to NYC, Princeton, and Philadelphia.
For tenants or owner-occupants, the layout provides an option to live in one unit while renting the other to help offset housing costs. For investors, the two separate brand-new kitchens and renovated interior and exterior improvements support a turn-key, income-producing configuration. The location is also described as convenient to medical facilities in New Brunswick, as well as Rutgers University, supporting a range of tenant needs.
Located in Highland Park, the property is described as being within a short distance of the downtown district, with access to restaurants, cafes, boutiques, and everyday shopping. It is also positioned near schools, houses of worship, parks, and other community amenities. The remarks further note easy access to major highways and public transportation, including several local train stations for travel to NYC, Princeton, and Philadelphia.
For tenants or owner-occupants, the layout provides an option to live in one unit while renting the other to help offset housing costs. For investors, the two separate brand-new kitchens and renovated interior and exterior improvements support a turn-key, income-producing configuration. The location is also described as convenient to medical facilities in New Brunswick, as well as Rutgers University, supporting a range of tenant needs.
Key Highlights
- Renovated 2‑unit multi‑family home built in 1923 with vinyl siding and asphalt roof
- 53 brand‑new windows and all‑new interior and exterior doors
- Unit 1: 2 bedrooms with kitchen and living room plus 1.5 baths
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 | $66.8k | $25.56 |
| − Vacancy | −$4.3k | −$1.65 |
| EGI | $62.5k | $23.91 |
| − OpEx | −$18.7k | −$7.17 |
| NOI | $43.7k | $16.74 |
2,613 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$624.7K
$546.7K – $728.9K
NOI $43,732 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$574.0K
$502.3K – $669.7K
NOI $40,183 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$682.3K
$597.0K – $796.0K
NOI $47,761 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated units with new kitchens and windows, plus an oversized detached garage, offer move-in-ready income flexibility.
Where is this duplex located?
The property is located at 324 Harper Place Highland Park, NJ.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: Renovated 2‑unit multi‑family home built in 1923 with vinyl siding and asphalt roof; 53 brand‑new windows and all‑new interior and exterior doors; Unit 1: 2 bedrooms with kitchen and living room plus 1.5 baths
