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For sale
  • $1,350,000

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

    10beds
    4baths
    4,208sqft
    : 
    Multi Family
    Built in 1926
    -- sqft lot
    $1,237,200 Zestimate®
    $321/sqft
    $-- HOA

    What's special

    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!
    3 days
    on Zillow
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    40
    |
    1
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    Zillow last checked: 7 hours ago

    Listing updated: 8 hours ago

    Listed by:

    RAJ RYALI,

    REAL 855-450-0442

    Source: All Jersey MLS,MLS#: 2601905RMLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 117-119 N 3rd Ave.

    Next available tour time:Tomorrow at 11am

    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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