-117-119 N 3rd Avenue, Highland Park, NJ 08904

Local realty services provided by:ERA Queen City Realty
-117-119 N 3rd Avenue,Highland Park, NJ 08904
$1,350,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,208 sq. ft.
  • Multi-family
  • Active
Listed by:
Office:real
MLS#:2601905R
Source:NJ_MCMLS

Price summary

  • Price:$1,350,000
  • Price per sq. ft.:$320.82

About this home

Welcome to your next cash-flowing asset in the heart of Highland Park! This fully leased 4-unit apartment building offers strong in-place income with upside potential perfect for a savvy investor or an owner-occupant looking to house hack. The property features a balanced mix of *two 2-bedroom/1-bath units* and *two 3-bedroom/1-bath units*, with one of the 3-bedroom units recently renovated and commanding $450 more in monthly rent than its unrenovated counterpart - offering a clear value-add pathway. $84,000 Net Operating Income. Offered at a 6.25% in-place CAP rate with Pro Forma to 7.25% with light renovations. All leases in place through July 2026. Recent upgrades include a full conversion to gas, a brand-new ultra-efficient gas boiler, and a new main waterline, offering peace of mind and reduced operating expenses for years to come. This property has enjoyed zero vacancy and consistent rental demand year after year. Its prime location near Rutgers University and New Brunswick

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Home facts

  • Year built:1926
  • Listing ID #:2601905R
  • Added:55 day(s) ago
  • Updated:September 29, 2025 at 04:53 PM

Rooms and interior

  • Living area:4,208 sq. ft.

Heating and cooling

  • Cooling:A/C Wall Unit(s), A/C Window Unit(s)

Structure and exterior

  • Year built:1926
  • Building area:4,208 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,350,000
  • Price per sq. ft.:$320.82
  • Tax amount:$22,817
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