17-Unit Multifamily Rental
For Sale
Contact for pricing
66 Olympic Terrace, Irvington, NJ 07111
A 17-unit multifamily asset offering studio, one-bedroom, and two-bedroom apartments on a compact site.
Property SizeContact for details
Lot Size0.11 Acres
Days on Market51
Property Features for 66 Olympic Terrace
General Information
Standard status
Active
Lot size
0.11 Acres
Property subtype
Multifamily
Additional Details
Business Included
Yes
Multifamily Units
17
Building Details
Tenancy
Multi
Listing Agency:
ICON Real Estate Advisors
Listed By:
David Oropeza · License #8633793
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 5 at 12:55PM
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 ICON Real Estate Advisors
Investment Insights
Based on property information with market context.
66 Olympic Terrace is a 17-unit multifamily property on a 0.11-acre site, featuring a mix of studio, one-bedroom, and two-bedroom units. The building provides a straightforward residential income configuration with multiple unit sizes to serve different renter needs.
The property is located in Irvington, New Jersey, within a residential township setting supported by local businesses. It also benefits from connectivity to employment and regional travel, including being approximately 14 minutes from Newark Liberty International Airport and near major transit routes.
For prospective buyers and operators, the unit mix offers flexibility for tenant sourcing across studio and larger formats. The current rent levels are described as being more than $300 below the local average, which may be a point of consideration for those evaluating how to align rents with market benchmarks over time. Overall, the asset presents an opportunity to acquire a small, manageable 17-unit rental building with defined apartment types and access to major transportation corridors.
The property is located in Irvington, New Jersey, within a residential township setting supported by local businesses. It also benefits from connectivity to employment and regional travel, including being approximately 14 minutes from Newark Liberty International Airport and near major transit routes.
For prospective buyers and operators, the unit mix offers flexibility for tenant sourcing across studio and larger formats. The current rent levels are described as being more than $300 below the local average, which may be a point of consideration for those evaluating how to align rents with market benchmarks over time. Overall, the asset presents an opportunity to acquire a small, manageable 17-unit rental building with defined apartment types and access to major transportation corridors.
Key Highlights
- 17‑unit multifamily property in Irvington, NJ, on a 0.11‑acre site
- Unit mix includes studio, one‑bedroom, and two‑bedroom apartments
- In‑place rents are more than $300 below the local average
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,363
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?
Apartment building - A 17-unit multifamily asset offering studio, one-bedroom, and two-bedroom apartments on a compact site.
Where is this apartment building located?
The property is located at 66 Olympic Terrace Irvington, NJ.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 17‑unit multifamily property in Irvington, NJ, on a 0.11‑acre site; Unit mix includes studio, one‑bedroom, and two‑bedroom apartments; In‑place rents are more than $300 below the local average
