17-Unit Multifamily Rental
66 Olympic Terrace Irvington, NJ 07111
66 Olympic Terrace, Irvington, NJ, 07111
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For Sale
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A 17-unit multifamily asset offering studio, one-bedroom, and two-bedroom apartments on a compact site.
Lot Size0.11 Acres
Days on Market33
Property Features for 66 Olympic Terrace
General Information
- Standard status
- Active
- Lot size
- 0.11 Acres
- Property subtype
- Multifamily
Listing Agency
ICON Real Estate Advisors
Listed by
David Oropeza · License #8633793
Source
Crexi
Added: Jun 16 Checked: Jul 17 at 2:21 pm
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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
Location Intelligence
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FAQs
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
