New Construction
New
For Sale
$847,000
56 Oak Ave, Irvington, NJ 07111
MULTI_FAMILY - Irvington Twp., NJ
Property Size4,060 SF
Lot Size0.06 Acres
Price / SF$208.62
Days on Market2
Property Features for 56 Oak Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
Multi
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 3, Bedroom 6, Basement, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 5
Parking
2
Directions
Rodwell Ave, 15th Ave
Standard status
Active
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
wide-plank hardwood flooring
9-foot ceilings
designer accent walls
oversized front and rear patio doors
quartz countertops with full-height backsplash
premium cabinetry
pot filler
spa-inspired bathroom with smart toilet, dual vanity, heated towel warmer
8-foot European interior doors
metal-and-glass entry door
Wi-Fi-enabled smart garage door
Building Details
Year built
2026
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
REALMART REALTY
(888) 362-6543
Listed By:
JACK QIZHAN YAO · License #10491203908
(732) 727-2285
Added: Aug 4
Last Checked: Aug 5 at 7:06PM
MLS# 4044774
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.
Located at 56 Oak Ave in Irvington Twp., this under-construction duplex property is planned with more than 4,000 square feet across three finished levels. The main and second floors each measure approximately 1,480 square feet and together provide six bedrooms and four full bathrooms. A finished walkout lower level adds approximately 1,100 square feet, including a recreation area and half bath, with dedicated mini-split HVAC.
Interior specifications include wide-plank hardwood flooring, 9-foot ceilings, quartz countertops with full-height backsplash, premium cabinetry, a pot filler, and 8-foot European interior doors. The primary suite includes a bathroom with a smart toilet, dual-sink vanity, and heated towel warmer. Additional features include central air, forced-air heating, public water and sewer, a modern metal-and-glass entry door, and a Wi-Fi-enabled smart garage door. The lot measures 0.06 acres, and the property is scheduled for completion in 2026.
Interior specifications include wide-plank hardwood flooring, 9-foot ceilings, quartz countertops with full-height backsplash, premium cabinetry, a pot filler, and 8-foot European interior doors. The primary suite includes a bathroom with a smart toilet, dual-sink vanity, and heated towel warmer. Additional features include central air, forced-air heating, public water and sewer, a modern metal-and-glass entry door, and a Wi-Fi-enabled smart garage door. The lot measures 0.06 acres, and the property is scheduled for completion in 2026.
Key Highlights
- Duplex property under construction with 2026 year built
- More than 4,000 square feet across three finished levels
- Six bedrooms and four full bathrooms
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 | $103.8k | $25.56 |
| − Vacancy | −$6.7k | −$1.65 |
| EGI | $97.1k | $23.91 |
| − OpEx | −$29.1k | −$7.17 |
| NOI | $67.9k | $16.74 |
4,060 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$970.7K
$849.4K – $1.13M
NOI $67,949 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$891.9K
$780.4K – $1.04M
NOI $62,435 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$1.06M
$927.6K – $1.24M
NOI $74,210 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,048
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction Essex County property with six bedrooms, four full bathrooms, and a finished walkout lower level.
Where is this duplex located?
The property is located at 56 Oak Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $847,000.
What are key features of this property?
This property features: Duplex property under construction with 2026 year built; More than 4,000 square feet across three finished levels; Six bedrooms and four full bathrooms
