35 Chester Ave Irvington, NJ 07111
MULTI_FAMILY - Irvington Twp., NJ
Property Features for 35 Chester Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Basement, Bedroom 4
- Parking
- 4
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
- Exterior features
- Sidewalk
- Standard status
- Active
- Size
- 2,352 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15904
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent MICHAEL GALINDEZ License #298970 (732) 257-3500
Listing office RE/MAX FIRST REALTY 33 BRUNSWICK WOODS DRIVE ,, NJ (732) 257-3500
Listing date May 30, 2026
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.
Investment Insights
Based on property information with market context.
The property sits on a 0.08-acre lot in Irvington Twp., Essex County, NJ. With approximately 2,352 square feet of total building area, the layout supports multiple living areas and offers a practical mix of finished and utility space.
Additional value comes from the basement, detached garage, and off-street parking, which can help reduce tenant friction and support day-to-day usability. For buyers seeking a managed-style rental situation, the existing leased two-family setup combined with the available finished third level offers options to adjust unit configuration over time, subject to applicable rules and requirements.
Key Highlights
- Fully rented two‑family building with a basement and detached garage plus off‑street parking
- Year built 1925 with shingle roof and public utilities (public water and public sewer)
- Each unit features a large living room, formal dining room, two bedrooms, and an updated bathroom
Local 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 | $60.1k | $25.56 |
| − Vacancy | −$3.9k | −$1.65 |
| EGI | $56.2k | $23.91 |
| − OpEx | −$16.9k | −$7.17 |
| NOI | $39.4k | $16.74 |
