98 Delmar Pl, Irvington Twp., NJ 07111-5086

Beds
5
Baths
3
Garage
Yes

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Listed byRE/MAX FIRST REALTY II
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Overview

Large Multi Family Opportunity in Irvington with 3 separate units! Spacious 5 bedroom, 3 full bath property situated on a large lot with a detached two car garage, ample parking, and strong value add potential by renovating the basement. A new driveway can be installed prior to closing for offers over the list price. The first and second floors each offer spacious 2 bedroom units, while the third floor features a 1 bedroom apartment, creating flexible options for an owner occupant, house hacker, or investor looking to reduce their taxes through cost segregation. The large full basement includes three additional rooms and a full bath, additional storage and laundry area. The second floor unit is currently rented for $2,100 and used as a 3 bedroom apartment by accessing the apartment from the rear and not utlitizing the living room. Unit 1 & 3 are currently vacant and recently renovated. Potential future rental income may reach approximately $7,800+ per month based on projected rents of $3,500 for the 1st floor unit including basement access, unit 2 $2,500 , and unit 3 $1,800, with possible additional income from washer/dryer access, parking, WiFi, storage and garage access. Conveniently located near South Orange and Maplewood amenities, parks, shopping, dining, public transportation, and major commuter routes, this property offers a rare opportunity to unlock value in a high demand Essex County location. Property may be eligible for grant programs through approved lenders.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
5
Number of bathrooms
3
Lot size (acres)
0.08
Year built
1930

Interior features

Basement
Yes, Partially finished

Garage and parking

Garage parking spaces
2

Utilities

Cooling
None, Window Units
Water
Public Water

Taxes

Tax Annual Amount (2025)
$13,923

Public schools

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Sourced from: Garden State MLS MLS®#: 4032552 Last checked:

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