Two-Unit Duplex with
For Sale
$849,900
Pending
662 18th Ave, Irvington, NJ 07111
Separate four- and three-bedroom residences each include a kitchen and dedicated laundry.
Property Size4,000 SF
Days on Market40
Property Features for 662 18th Ave
General Information
Standard status
Pending
Size
4,000 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR/3.1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,311
Amenities
central air conditioning
in-unit laundry
security system
Building Details
Year Built
2026
Buildings
1
Units
2
Listing Agency:
KELLER WILLIAMS - NJ METRO GROUP
Listed By:
JAMES HUGHES · License #0454530
(201) 675-1210
Source:
Elliman
Added: Sep 26
Changed: Oct 29
Last Checked: Nov 3 at 7:15AM
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 KELLER WILLIAMS - NJ METRO GROUP
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Investment Insights
Based on property information with market context.
Built in 2026, this Irvington duplex contains two residences totaling nearly 4,000 square feet, with seven bedrooms and five full bathrooms. The larger home has four bedrooms, 3.1 baths, a 23-foot living room, an island kitchen, a first-floor bedroom and a primary suite with a walk-in closet and en-suite bath. The second residence has three bedrooms, two full baths, its own kitchen and laundry. Both homes feature central heating and air conditioning; the property also has a one-car garage and additional off-street parking.
The property is in Irvington, where its Walk Score is 80, Bike Score is 53 and Transit Score is 71. It is eligible for Irvington’s five-year tax abatement. The home also includes a pre-installed ADT security system and a builder-provided 2/10 home warranty.
The property is in Irvington, where its Walk Score is 80, Bike Score is 53 and Transit Score is 71. It is eligible for Irvington’s five-year tax abatement. The home also includes a pre-installed ADT security system and a builder-provided 2/10 home warranty.
Key Highlights
- Two residences with seven bedrooms and five full bathrooms across nearly 4,000 square feet
- Four‑bedroom residence with 3.1 baths, a 23‑foot living room and first‑floor bedroom
- Three‑bedroom residence with two full baths, kitchen and dedicated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,945
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,900
$1.3M
Cap Rate 7%
$956,357
$956.4K
Cap Rate 9%
$743,833
$743.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$102.2K $25.56/SF
− Vacancy
−$6.6K −$1.65/SF
EGI
$95.6K $23.91/SF
− OpEx
−$28.7K −$7.17/SF
NOI
$66.9K $16.74/SF
Area
Essex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,900
Cap Rate 7%
$956,357
Cap Rate 9%
$743,833
Alternative Uses
Best Use
Multifamily LT 5
$956.4K
$836.8K – $1.12M
NOI $66,945 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$878.7K
$768.9K – $1.03M
NOI $61,512 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,386
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate four- and three-bedroom residences each include a kitchen and dedicated laundry.
Where is this duplex located?
The property is located at 662 18th Ave Irvington, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two residences with seven bedrooms and five full bathrooms across nearly 4,000 square feet; Four‑bedroom residence with 3.1 baths, a 23‑foot living room and first‑floor bedroom; Three‑bedroom residence with two full baths, kitchen and dedicated laundry
