$1,350,000

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

Estimated payment $9,357/month

Total Views 239
-- Bed
-- Bath
4,208 Sq Ft
$321 Price per Sq Ft

Highlights

  • Property is near public transit
  • Porch
  • Level Lot
  • Highland Park High School Rated A

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 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!

Listing Agent

Raj Ryali

REAL Listed on: 08/04/2025

REAL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,817

Year Built

  • Built in 1926

Parking

  • On-Street Parking

Interior Spaces

  • 4,208 Sq Ft Home
  • 2-Story Property

Basement

  • Partial Basement
  • Laundry in Basement

Additional Features

  • Porch
  • Level Lot
  • Property is near public transit
  • Gas Water Heater

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,817

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: 4 Family
  • Prop. Type: Residential Income
  • Lot Size: 0.00 x 0.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1926
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: 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)
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(Water), Unit 3 Owner Pays(See Remarks), Unit 4 Owner Pays(See Remarks)
  • Has Basement: Partial, Laundry Facilities
  • Basement YN: No
  • Interior Amenities: 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)
  • Living Area: 4208
  • Stories: 2

Exterior Features

  • Lot Features: Near Train, Level
  • Exterior Features: Porch(es) - Open
  • Patio And Porch Features: Porch(es) - Open

Garage/Parking

  • Parking Features: On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Wall Unit(s),A/C Window Unit(s)
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Tax Info

  • Tax Annual Amount: 22817

Multi Family

  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 For Sale $1,350,000 -- $321 / Sq Ft
Source: All Jersey MLS

Source: All Jersey MLS

MLS Number: 2601905R

All Jersey MLS

New Jersey Middlesex County Highland Park 08904

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

This home is located at 117-119 N 3rd Ave, Highland Park, NJ 08904 and is currently priced at $1,350,000, approximately $320 per square foot. This property was built in 1926. 117-119 N 3rd Ave is a home located in Middlesex County with nearby schools including Irving Primary School, Bartle School, and Highland Park Middle School.

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Raj Ryali
Listing Agent
Raj Ryali
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REAL
(866) 201-6210