Occupied Triplex with Separate
For Sale
$674,000
41 20th Ave, Irvington, NJ 07111
Three-unit property with a basement kitchen and bathroom, separate utility service, and current occupancy.
Property Size2,760 SF
Price / SF$244.20
Days on Market87
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 41 20th Ave
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1953
Listing Agency:
RE/MAX SELECT
Listed By:
NICHOLAS WALSH · License #405956
(908) 233-9292
Source:
Luminancerealty
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 15 at 3:48AM
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 SELECT
Investment Insights
Based on property information with market context.
Located at 41 20th Ave in Irvington Township, this 1953 triplex contains 2,760 square feet of living space arranged across three units. The property offers seven bedrooms and four bathrooms, with an additional full kitchen and bathroom in the basement.
Each unit has separate utilities, and the property is fully occupied. The surrounding area includes nearby schools, shopping, and transportation options, providing access to everyday services and local transit connections.
Each unit has separate utilities, and the property is fully occupied. The surrounding area includes nearby schools, shopping, and transportation options, providing access to everyday services and local transit connections.
Key Highlights
- 2,760‑square‑foot triplex with 7 bedrooms and 4 bathrooms
- Basement includes a full kitchen and bathroom
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,192
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$923,840
$923.8K
Cap Rate 7%
$659,886
$659.9K
Cap Rate 9%
$513,244
$513.2K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$70.5K $25.56/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$66.0K $23.91/SF
− OpEx
−$19.8K −$7.17/SF
NOI
$46.2K $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%
$923,840
Cap Rate 7%
$659,886
Cap Rate 9%
$513,244
Alternative Uses
Best Use
Multifamily LT 5
$659.9K
$577.4K – $769.9K
NOI $46,192 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$606.3K
$530.5K – $707.4K
NOI $42,443 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$720.7K
$630.6K – $840.8K
NOI $50,448 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,696
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with a basement kitchen and bathroom, separate utility service, and current occupancy.
Where is this triplex located?
The property is located at 41 20th Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $674,000.
What are key features of this property?
This property features: 2,760‑square‑foot triplex with 7 bedrooms and 4 bathrooms; Basement includes a full kitchen and bathroom; Fully occupied property
