$725,000

197 Park Pl, Irvington Twp., NJ 07111

  • 10 beds |
  • 5 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1921
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 25 days ago

Property Description

Rare opportunity to acquire a uniquely configured multi-income property in Upper Irvington. Currently set up with FIVE separate living spaces, offering flexibility for investors, house hackers, or buyers looking to have separate guest quarters. The main building features: Two 3-bedroom, 1-bathroom full apartments (One currently occupied & one delivered vacant) In addition, the property includes three additional income-producing spaces: A 2-bedroom, 1-bathroom full lower level apartment and a private single-room suite with its own bathroom and kitchenette. Also, a converted studio apartment in the rear of the property. Every unit and space includes its own washer and dryer, a revenue generating amenity that supports strong rental appeal and premium pricing. With only one unit currently occupied, the next owner has the opportunity to reposition rents to market value, continue or expand short-term rental use, house hack and live in one unit while collecting income. This is not a cookie-cutter multi-family! It's a flexible income property designed for someone who understands how to maximize cash flow. Strong rental demand area with convenient access to transportation, shopping, and major routes.

Listing Status:
Active
Date Added:
March 2, 2026
Data Last Updated:
March 24, 2026 at 6:41AM
Listing Office:
COLDWELL BANKER REALTY : 732-494-7700
MLS ID:
4011783
  • Basement: FinishedFullWalkout
  • A/C: 2 Units
  • Heating: 2 UnitsForced Hot AirGas-Natural
  • General: StoneVinyl SidingBarbequeMetal FenceStorage Shed
  • Parking: Parking spaces: 3
  • Roofing: Composition Shingle
  • County: Essex
  • Driveway: Driveway-ExclusiveOff-Street Parking
  • Zoning: 1609-00328-0000-00027-0000-
  • Utilities: All Underground
  • Water: Public Water
  • Sewer: Public Sewer

This listing courtesy of COLDWELL BANKER REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Chancellor Avenue Elementary School

844 Chancellor Ave, Irvington, NJ, 07111

Grades KG-5

0.20 miles away

U

Union Avenue Middle School

427 Union Ave, Irvington, NJ, 07111

Grades 6-8

0.41 miles away

I

Irvington High School

1253 Clinton Ave, Irvington, NJ, 07111

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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