Duplex with Finished Third
35 Chester Ave, Irvington, NJ 07111
For Sale
$550,000
Multi-Family, 3-Three Story, Irvington Twp., NJ
Property Size2,352 SF
Lot Size0.08 Acres
Price / SF$233.84
Days on Market47
Property Features for 35 Chester Ave
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Exterior features
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
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Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Buildings
Listing Agency:
RE/MAX FIRST REALTY · RE/MAX International
Listed By:
MICHAEL GALINDEZ · License #298970
(732) 257-3500
Added: Sep 24
Changed: Nov 6
Last Checked: Nov 9 at 4:06AM
MLS# 4055006
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,352-square-foot duplex in Irvington, New Jersey, contains two rented residences. Each has a living room, formal dining room, two bedrooms, a bathroom, and a recently renovated kitchen. A finished third level is not currently rented, and the property also includes a basement, detached garage, and off-street parking.
Built in 1925, the building sits on a 0.08-acre lot. Public water and sewer serve the property.
Built in 1925, the building sits on a 0.08-acre lot. Public water and sewer serve the property.
Key Highlights
- Two‑family duplex with both residences rented
- 2,352 square feet on a 0.08‑acre lot
- Each residence has two bedrooms, a living room, dining room, bathroom, and renovated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,363
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,260
$787.3K
Cap Rate 7%
$562,329
$562.3K
Cap Rate 9%
$437,367
$437.4K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$60.1K $25.56/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$56.2K $23.91/SF
− OpEx
−$16.9K −$7.17/SF
NOI
$39.4K $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%
$787,260
Cap Rate 7%
$562,329
Cap Rate 9%
$437,367
Alternative Uses
Best Use
Multifamily LT 5
$562.3K
$492.0K – $656.1K
NOI $39,363 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$516.7K
$452.1K – $602.8K
NOI $36,169 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$614.2K
$537.4K – $716.5K
NOI $42,991 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,034
Businesses Nearby
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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
$291,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Irvington, NJ
Properties on Market for Duplexes in Irvington
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are rented and feature renovated kitchens, while an additional finished level remains outside the rental setup.
Where is this duplex located?
The property is located at 35 Chester Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family duplex with both residences rented; 2,352 square feet on a 0.08‑acre lot; Each residence has two bedrooms, a living room, dining room, bathroom, and renovated kitchen
