197 Park Place, Irvington, NJ 07111

• 10 beds |
• 5 baths

Property Description

Rare opportunity to acquire a uniquely configured multi-income property in Irvington. Currently set up with FIVE separate living spaces, offering flexibility for investors, house hackers, or multigenerational buyers. 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, accommodate extended or multigenerational living. 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:

February 28, 2026

Data Last Updated:

March 25, 2026 at 11:57PM

Listing Office:

Coldwell Banker, Metuchen : 732-494-7700

Listing Agent:

Ronald Fowlin : 516-330-6536

MLS ID:

26006469

Interior

• Rooms: 13
• Laundry: In Unit

Location

• County: ESSEX

Utilities

• Utilities: O/See Rmks