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 makes it highly attractive to qualified tenants, including academics, graduate students, and medical professionals. Units rent quickly and easily with minimal turnover. Whether you're an investor seeking strong returns or an owner-occupant looking to offset your mortgage, this is a rare opportunity to own a fully leased, income-producing asset in a high-demand rental market. Schedule a showing today!
For sale
$1,350,000
117-119 N 3rd Ave, Highland Park, NJ 08904
10beds
4baths
4,208sqft
Est.:
Multi Family
Built in 1926
-- sqft lot
$1,237,200 Zestimate®
$321/sqft
$-- HOA
What's special
- 3 days
- on Zillow |
- 40 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: 8 hours ago
Listed by:
RAJ RYALI,
REAL 855-450-0442
Source: All Jersey MLS,MLS#: 2601905R

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Cooling
- A/C Wall Unit(s), A/C Window Unit(s)
Appliances
- Included: Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator)
Features
- Unit 1(2 Bedrooms, Kitchen, 1 Bath), Unit 2(3 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 4(3 Bedrooms, Kitchen, 1 Bath, Living Room)
- Basement: Partial, Laundry Facilities
Interior area
- Total structure area: 4,208
- Total interior livable area: 4,208 sqft
Property
Parking
- Parking features: On Street
Features
- Stories: 2
- Patio & porch: Porch(es) - Open
- Exterior features: Porch(es) - Open
Lot
- Features: Near Train, Level
Details
- Parcel number: 117119NO3RDAVE
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1926
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Highland Park
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $890,600
- Annual tax amount: $22,817
- Date on market: 8/4/2025
- Ownership: Fee Simple
- Electric utility on property: Yes
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