197 Park Pl

Irvington Twp, NJ 07111


 

Price: $725,000

GSMLS:  4011783
Type: Multi-Family
Style: Under/Over
Total Units: 2
Beds: 10
Baths: 5 Full
Garage: No
Year Built: 1921
Acres: 0.14
Property Tax: $15,312
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.
General Info
Style:
Under/Over
SqFt Building:
n/a
Total Rooms:
13
Basement:
Yes - Finished, Full, Walkout
Interior:
n/a
Roof:
Composition Shingle
Exterior:
Stone, Vinyl Siding
Lot Size:
50 X 125
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Driveway-Exclusive, Off-Street Parking
Spaces Available:
3
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
Utilities:
Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Washer
Utilities:
Owner Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
2 Units
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Irvington Twp.
Neighborhood:
Upper Irvington
Financial Considerations
List Price:
$725,000
Tax Amount:
$15,312
Land Assessment:
$122,500
Build. Assessment:
$469,400
Total Assessment:
$591,900
Tax Rate:
2.59
Tax Year:
2025
Listing Information
MLS ID:
4011783
List Date:
02-27-2026
Days On Market:
3
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Ronald Fowlin
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
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Shawn and Diane Fox