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

    647 Grove Street, Irvington, NJ 07111

    View on Map
    Claim this Listing
    For Sale
    $519,000

    MULTI_FAMILY - Irvington, NJ

    Added:
    May 12, 2026
    Days on Market:
    11
    Last Refresh:
    May 22 at 2:06 pm

    Property Features for 647 Grove Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 3
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    We can help!

    Listing Contact
    Himanshu Agrawal

    Listing agent Himanshu Agrawal

    Listing office eRealty Advisors, Inc. White Plains, NJ

    Listing date May 12, 2026

    MLS# 26017083 Listing URL

    Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Legal 2‑family colonial: Ideal for owner‑occupancy or investment.
    • Each unit has 2 bedrooms and 1 full bath.
    • Modern layouts with forced hot air heating and central air.
    • Well‑maintained property with strong rental income potential.
    • Convenient access to transportation, shopping, schools, and major highways.
    • Potential eligibility for low down payment programs and buyer assistance incentives.

    Overview

    This legal two-family colonial in Irvington, NJ, presents an opportunity for owner-occupants or investors. Each unit includes two bedrooms and one full bath, featuring modern layouts, forced hot air heating, and central air conditioning. The property is well-maintained and offers rental income potential. Its location provides convenient access to transportation, shopping, schools, and major highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Food Market Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Irvington
    County
    Essex
    State
    New Jersey
    Longitude
    -74.215759
    Latitude
    40.735603

    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
    • $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
    • $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
    • $585,000
      1,422 SF

      Turnkey Two-Family Home Near NYC

      Renovated two-family home with high-end finishes, near NYC.
      105 Coolidge St, Irvington Twp., NJ 07111-1109
      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
    • $499,000
      3,078 SF

      Three-Family Property in Irvington, NJ

      Well-maintained three-family corner property with ample parking.
      186 Linden Avenue, Irvington, NJ 07111
      View Details

    FAQs

    What type of property is this?
    Duplex - Legal 2-family colonial, ideal for owner-occupants or investors.
    Where is this duplex located?
    The property is located at 647 Grove Street Irvington, NJ.
    What is the asking price?
    The asking price for this property is $519,000.
    What are key features of this property?
    This property features: Legal 2‑family colonial: Ideal for owner‑occupancy or investment.; Each unit has **2 bedrooms and 1 full bath.**; **Modern layouts with forced hot air heating and central air.**
    (917) 548-3770
    We can help!
    Listing Contact
    Himanshu Agrawal
    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
    647 Grove 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!