Turn-Key Two-Family
35 Chester Avenue Irvington, NJ 07111
35 Chester Avenue, Irvington, NJ, 07111
$600,000
For Sale
$600,000
Fully rented two-family with updated kitchens, updated baths, finished third level, basement, detached garage, and off-street parking.
Property Size1,100 SF
Price / SF$545.45
Days on Market88
Property Features for 35 Chester Avenue
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 1925
Listing agency
RE/MAX FIRST REALTY
(732) 257-3500
Listed by
MICHAEL GALINDEZ · License #298970
(732) 257-3500
Source
Compass
Added: Apr 25 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 6:09AM
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 RE/MAX FIRST REALTY
Investment Insights
Based on property information with market context.
35 Chester Avenue is a turn-key, fully rented two-family building with a straightforward, livable layout in each unit. Both units feature a large living room, formal dining room, two spacious bedrooms, an updated bathroom, and recently renovated kitchens. The property also includes a finished third level that is not currently rented, providing flexibility for additional occupancy or extra storage. A basement rounds out the space, and there is also a detached garage along with off-street parking.
Located at 35 Chester Avenue in Irvington, the building sits in the heart of a bustling area, with easy everyday accessibility for residents.
From a tenant or buyer perspective, the configuration supports a comfortable two-bedroom setup in each existing apartment while keeping options open for the finished third level. The basement, garage, and off-street parking add practical value for day-to-day living and help distinguish the property for households that want convenience alongside updated interiors.
Located at 35 Chester Avenue in Irvington, the building sits in the heart of a bustling area, with easy everyday accessibility for residents.
From a tenant or buyer perspective, the configuration supports a comfortable two-bedroom setup in each existing apartment while keeping options open for the finished third level. The basement, garage, and off-street parking add practical value for day-to-day living and help distinguish the property for households that want convenience alongside updated interiors.
Key Highlights
- Fully rented two‑family building
- Recently renovated kitchens and updated bathrooms in each unit
- Full, unfinished basement plus detached garage and off‑street parking
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 | $28.1k | $25.56 |
| − Vacancy | −$1.8k | −$1.65 |
| EGI | $26.3k | $23.91 |
| − OpEx | −$7.9k | −$7.17 |
| NOI | $18.4k | $16.74 |
1,100 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.1K – $306.8K
NOI $18,410 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$241.7K
$211.5K – $281.9K
NOI $16,916 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 3.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully rented two-family with updated kitchens, updated baths, finished third level, basement, detached garage, and off-street parking.
Where is this duplex located?
The property is located at 35 Chester Avenue Irvington, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully rented two‑family building; Recently renovated kitchens and updated bathrooms in each unit; Full, unfinished basement plus detached garage and off‑street parking
