For Multi Family

866 Lyons Ave,Irvington Twp., NJ 07111-1846

February 14, 2026

Excellent cash-flow opportunity with this well-maintained two-family property, featuring two large units, each offering 3 bedrooms and 1.5 bathrooms. Both units include an open-concept living and dining area and a convenient first-floor guest half bath. The property was fully renovated in 2017, including new plumbing, electrical, roof (front metal / rear rubberized), new siding, and central air with forced hot air heating, keeping capital expenses low. Separate utilities for each unit and dedicated basement storage. The property is fully fenced, with an iron front fence and PVC fencing throughout, and offers a huge parking area,. Tenants are month-to-month, providing immediate flexibility for rent increases or owner occupancy. Conveniently located near major transportation and amenities. Strong income potential with minimal maintenance?ideal for investors or owner-occupants.

Property ID:PT-28318861-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 600,000 $

Bedrooms:6

Year Built:1953

Listing Details

Status: Active

Location

County: Essex

Lotsize: 47.50 X 112

Lot Identifier: 20

Home Details

Open Parking: 6

Basement: Yes

Renovated: 2017

Basmnt/Desc: Yes - Unfinished, Walkout

Acreage: 0.12

Total Baths: 2.20

Unit Style: Duplex-Side by Side

Number of Units: 2

Rooms: 12

Easement/Desc: Unknown

Exterior Description: Composition Siding

Roof Description: Metal, Rubberized

Possesion: At Closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 1 Levels: 2

Unit 1 Rooms: 5

Unit 1 Beds: 3

Unit 1 Baths: 1.5

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 800

Unit 1 Rent: 1900

Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room, Storage, Utility Room

Unit 1 Security Deposit: 1000

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.5

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 800

Unit 2 Rent: 1900

Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room, Storage, Utility Room

Unit 2 Security Deposit: 1500

Color of Building: Cream

Garage Description: None

Block Identifier: 341

County Number: 16

Town Number: 1609

YB/Desc: 1953 - Renovated

Color of Building: Cream

Easement: Unknown

Parking/Driveway Description: Blacktop

Block Identifier: 341

County Number: 16

Town Number: 1609

Possession: At Closing

Taxes, Fees & Assessments

Gross Operating Income: 45600

Net Operating Income: 30977

Expense Include: Cold Water, Insurance, Taxes

Warranty: No

Tax ID For Property: 1609-00341-0000-00020-0000-

Tax Amount: $11,383.00

Tax Year: 2024

Tax Rate: 6.197%

Tax Rate Year: 2025

Land Assessment: $141,100.00

Building Assessment: $335,600.00

Total Assessment: $476,700.00

FHA Age Restricted: No

Utilities

Water Heater: Electric, Gas

Heat Source: Gas-Natural

Heat System: 2 Units, Forced Hot Air

Cool System: 2 Units, Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

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Listing Details

866 Lyons Ave,Irvington Twp., NJ 07111-1846

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