Three-Story Residential Income
For Sale
$907,000
60 Oak Ave, Irvington, NJ 07111
The building has central air, forced-air natural gas heating, and a gas water heater.
Property Size4,060 SF
Price / SF$223.40
Days on Market52
Property Features for 60 Oak Ave
General Information
Standard status
Active
Size
4,060 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,293
Amenities
Central Air
Forced Air, Natural Gas
Gas Water Heater
Concrete, Garage Door Opener
3-Three Story
Building Details
Year Built
2026
Stories
3
Listed By:
VIKRAM ODEDARA
(551) 227-0336
Source:
Evrealestate
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 7:41AM
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 VIKRAM ODEDARA
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Investment Insights
Based on property information with market context.
This three-story residential income property contains 4,060 square feet and was built in 2026. Interior systems include central air, forced-air heating fueled by natural gas, and a gas water heater. Exterior details include concrete and a garage door opener.
The property is at 60 Oak Ave in Irvington Township, Essex County, New Jersey. Directions reference Rodwell Avenue and 15th Avenue.
The property is at 60 Oak Ave in Irvington Township, Essex County, New Jersey. Directions reference Rodwell Avenue and 15th Avenue.
Key Highlights
- 4,060‑square‑foot residential income property
- Three‑story building completed in 2026
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,435
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,248,700
$1.2M
Cap Rate 7%
$891,929
$891.9K
Cap Rate 9%
$693,722
$693.7K
Market Conditions
NOI Build-Up for 4,060 SF
Gross rent
$121.8K $30.00/SF
− Vacancy
−$8.3K −$2.04/SF
EGI
$113.5K $27.96/SF
− OpEx
−$51.1K −$12.58/SF
NOI
$62.4K $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%
$1,248,700
Cap Rate 7%
$891,929
Cap Rate 9%
$693,722
Alternative Uses
Best Use
Apartment 5plus
$891.9K
$780.4K – $1.04M
NOI $62,435 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$927.6K – $1.24M
NOI $74,210 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The building has central air, forced-air natural gas heating, and a gas water heater.
Where is this residential income property located?
The property is located at 60 Oak Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $907,000.
What are key features of this property?
This property features: 4,060‑square‑foot residential income property; Three‑story building completed in 2026; Central air conditioning
