Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Rented Two-Family Home Title is generated by Realmo AI

    613 South 20th Street, Irvington, NJ 07111

    View on Map
    Claim this Listing
    For Sale
    $749,900

    Two-family home with finished ground floor and ample parking.

    Type:Multi Family / 3-Three Story
    Property size:
    1,200 SF
    Price / SF:
    $624/SF
    Added:
    Jan 24, 2026
    Days on Market:
    130
    Last Refresh:
    Mar 13 at 4:18 pm

    Property Features for 613 South 20th Street

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Property subtype
    Multi Family / 3-Three Story

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    NEREYDA MARTINEZ

    Listing agent NEREYDA MARTINEZ License #265896

    Listing office RE/MAX LIFETIME REALTORS

    Listing date Jan 24, 2026

    Source Compass

    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 LIFETIME REALTORS

    HighLights

    • Fully rented 2 family home offers immediate income potential.
    • Two units, each with 3 bedrooms and 2 bathrooms.
    • Finished ground floor with a full bathroom provides additional living space.
    • Plenty of parking space.
    • Finished basement.
    • Built in 2013, indicating relatively modern construction.

    Overview

    This is a fully rented two-family home featuring a finished ground floor. The first floor includes 3 bedrooms and 2 bathrooms, while the second floor also offers 3 bedrooms and 2 bathrooms. The ground floor is finished and includes a full bathroom. The property provides ample parking space and has a size of 1200 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irvington
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2123662
    Latitude
    40.7358671

    Nearby Similar for Sale

    • $849,000
      4,232 SF

      Turn-Key Fourplex in Irvington Twp.

      Income-producing fourplex with 9 bedrooms and separate utilities.
      124 Paine Ave, Irvington Twp., NJ 07111-2900
      View Details
    • $600,000
      2,352 SF

      Turn-Key Two-Family Building in Irvington

      Fully rented two-family building with immediate ROI and growth potential.
      35 Chester Ave, Irvington Twp., NJ 07111-3143
      View Details
    • $699,999
      990 SF

      Renovated Two-Family Home Near Maplewood

      Gut-renovated two-family home near Maplewood border.
      16 Headley Ter, Irvington Twp., NJ 07111-1321
      View Details
    • $580,000

      Multi-Family Property for Sale

      For sale multi-family asset in Irvington, offering an opportunity for investors or owner-occupants seeking rental potential.
      922 Grove Street, Irvington, NJ 07111
      View Details
    • $650,000

      Irvington Three-Family Multifamily Property

      Three-family property in Irvington, ideal for investors or owner-occupants.
      59 Adams St, Irvington Twp., NJ 07111-2101
      View Details
    • $600,000

      Irvington Three-Family Investment Opportunity

      Three-family property in Irvington with income potential and convenient location.
      200 Munn Ave, Irvington Twp., NJ 07111-5050
      View Details
    • $600,000

      Well-Maintained Irvington Multi-Family Property

      Three-unit property in Irvington with income potential and convenient location.
      37-39 Lenox Ave, Irvington Twp., NJ 07111-2111
      View Details
    • $559,000

      Renovated Two-Family Home in Irvington

      Updated two-family home with modern amenities and investment potential.
      37 Tichenor Ter, Irvington Twp., NJ 07111-3823
      View Details
    • $1,499,999

      Irvington Industrial Investment Opportunity

      Prime industrial property in Irvington, currently operating as an auto facility.
      734-736 GROVE ST, Irvington, NJ 07111
      View Details
    • $399,900
      2,300 SF

      Irvington Mixed-Use Reposition Opportunity

      Flexible residential/commercial property with repositioning potential in Irvington, NJ.
      357 16th Ave, Irvington Twp., NJ 07111-4506
      View Details
    • $1,050,000
      1,015 SF

      Prime Corner Lot in Irvington

      Equipped corner lot ideal for used car sales.
      1001 Clinton Avenue, Irvington, NJ 07111
      View Details
    • $580,000

      Multi-Family Home with Garage

      Meticulously maintained multi-family home with parking and income potential.
      922 Grove St, Irvington Twp., NJ 07111-4311
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home with finished ground floor and ample parking.
    Where is this duplex located?
    The property is located at 613 South 20th Street Irvington, NJ.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Fully rented 2 family home offers immediate income potential.; Two units, each with 3 bedrooms and 2 bathrooms.; Finished ground floor with a full bathroom provides additional living space.
    (908) 688-2828
    We can help!
    Listing Contact
    NEREYDA MARTINEZ
    Real Estate License ID: 265896
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    613 South 20th Street, Irvington, NJ 07111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!