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$725,000
1 Day On Site

197 Park Place
Irvington, NJ 07111

For Sale|Multi Family|Active
10
Beds
5
Total Baths
5
Full Baths
County:
ESSEX
Listing courtesy of Ronald Fowlin of Coldwell Banker, Metuchen: (516) 330-6536

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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.

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Listing Snapshot
Price 
$725,000
Days On Site 
1 Day
Bedrooms 
10
Inside Area (SqFt) 
N/A
Total Baths 
5
Full Baths 
5
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
26006469
Status 
Active
Property Tax 
$15,312
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Disclosures 
Seller's AgentSeller Disclosure - Yes
Parking Spaces 
3
Property Sub Type 
Multi Family
Style 
2 Family
Utilities 
See Remarks
Interior Features
Laundry Features 
In Unit
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Community Features
MLS Area 
400
Listing courtesy of Ronald Fowlin of Coldwell Banker, Metuchen: (516) 330-6536



The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information is deemed reliable but not guaranteed. Last checked: 2026-03-01 10:09 PM UTC
Source: New Jersey Multiple Listing Service, Inc.

Copyright 2026, New Jersey Multiple Listing Service, Inc.

Neighborhood & Commute
Source: Walkscore
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