6-Bedroom Multifamily
For Sale
$599,000
Pending
408 14th Ave, Irvington, NJ 07111
A walkout basement, two-car garage, and additional parking support the property’s residential configuration.
Property Size2,500 SF
Days on Market15
Property Features for 408 14th Ave
General Information
Standard status
Pending
Size
2,500 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,928
Amenities
Full,Unfinished,Walkout
Gas-Natural
7
9999
8
1
2
5
Carbon Monoxide Detector,Range/Oven - Gas,Refrigerator,Smoke Detector
3
Carbon Monoxide Detector,Range/Oven - Gas,Smoke Detector
1.0
1900
Bedrooms,Eat-In Kitchen,Living Room,Pantry,Master Bedroom
No
Public Water
50 X 100
0.11
Vinyl Siding
Building Details
Year Built
1953
Listing Agency:
(908) 224-5438
Listed By:
Danielle Mustilli
Source:
Haven
Added: Oct 21
Changed: Nov 3
Last Checked: Nov 4 at 7:38AM
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 Danielle Mustilli
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Investment Insights
Based on property information with market context.
This multifamily property provides approximately 2,500 square feet of living space, with six bedrooms and two full bathrooms. The layout includes eat-in kitchens and pantry space, while a full, unfinished walkout basement adds storage. Exterior features include vinyl siding, a fenced driveway, a two-car garage, and additional parking. The property was built in 1953 and sits on a 50-by-100-foot lot measuring 0.11 acres.
Located on a residential block in Irvington, the property has access to major highways, public transportation, shopping, and everyday essentials.
Located on a residential block in Irvington, the property has access to major highways, public transportation, shopping, and everyday essentials.
Key Highlights
- Approximately 2,500 square feet with 6 bedrooms and 2 full bathrooms
- Two‑car garage, fenced driveway, and additional parking
- Full, unfinished walkout basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,445
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,900
$768.9K
Cap Rate 7%
$549,214
$549.2K
Cap Rate 9%
$427,167
$427.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$75.0K $30.00/SF
− Vacancy
−$5.1K −$2.04/SF
EGI
$69.9K $27.96/SF
− OpEx
−$31.5K −$12.58/SF
NOI
$38.4K $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%
$768,900
Cap Rate 7%
$549,214
Cap Rate 9%
$427,167
Alternative Uses
Best Use
Apartment 5plus
$549.2K
$480.6K – $640.8K
NOI $38,445 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,056
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A walkout basement, two-car garage, and additional parking support the property’s residential configuration.
Where is this multifamily property located?
The property is located at 408 14th Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 2,500 square feet with 6 bedrooms and 2 full bathrooms; Two‑car garage, fenced driveway, and additional parking; Full, unfinished walkout basement
