Listing Details

197 Park Pl,Irvington Twp., NJ 07111-2228

  • March 2, 2026

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.

Details

Last Updated On: March 2nd, 2026 at 6:28 am
Property ID:PT-30307885-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 725,000 $
Bedrooms:10
Year Built:1921

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 50 X 125
Lot Identifier: 27
Lot Identifier: 27

Home Details

Subdivision: Upper Irvington
Open Parking: 3
Basement: Yes
Renovated: 2024
Basmnt/Desc: Yes - Finished, Full, Walkout
Acreage: 0.14
Total Baths: 5.00
Unit Style: Under/Over
Number of Units: 2
Rooms: 13
Easement/Desc: Unknown
Exterior Description: Stone, Vinyl Siding
Roof Description: Composition Shingle
Possesion: At closing
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
Unit 1 Levels: 1
Unit 1 Rooms: 4
Unit 1 Beds: 3
Unit 1 Baths: 1.0
Unit 1 Fireplaces: 1
Unit 1 Owner/Tenant Pays: Owner Pays Water
Unit 1 Handicap: No
Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
Unit 2 Levels: 1
Unit 2 Rooms: 4
Unit 2 Beds: 3
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water
Unit 2 Handicap: No
Unit 2 Lease Expire: 2026-05-31
Unit 2 Rent: 2600
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
Unit 2 Security Deposit: 2600
Block Identifier: 328
County Number: 16
Town Number: 1609
YB/Desc: 1921 - Renovated
Easement: Unknown
Parking/Driveway Description: Driveway-Exclusive, Off-Street Parking
Block Identifier: 328
County Number: 16
Town Number: 1609
Possession: At closing

Utilities

Heat Source: Gas-Natural
Heat System: 2 Units, Forced Hot Air
Cool System: 2 Units
Water: Public Water
Sewer: Public Sewer
Utilities: All Underground

Taxes, Fees & Assessments

Tax ID For Property: 1609-00328-0000-00027-0000-
Tax Amount: $15,312.00
Tax Year: 2025
Tax Rate: 2.587%
Tax Rate Year: 2025
Land Assessment: $122,500.00
Building Assessment: $469,400.00
Total Assessment: $591,900.00
FHA Age Restricted: No

Features

  • Barbeque
  • Metal Fence
  • Storage Shed

Statistics

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