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Epique Realty
117-119 N 3rd Avenue, Highland Park NJ 08904, 1207 - Highland Park, NJ 08904
- $1,350,000
- 4
- BA
- 4,208
- SqFt
- Sold Price
- $1,350,000
- List Price
- $1,350,000
- Closing Date
- Dec 19, 2025
- Days on Market
- 140
- Status
- CLOSED
- MLS#
- 2601905R
- Bathrooms
- 4
- Living Area
- 4,208
- Year Built
- 1926
Property Description
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!
Additional Information
- Area
- 1207 - Highland Park
- Basement Desc
- Partial, Laundry Facilities
- Utilities
- Electricity Connected, Natural Gas Connected
- Taxes
- $22,817
- Exterior
- Porch(es) - Open, Porch
- Parking Driveway
- On Street
- Lot Description
- Near Train, Level
- Water
- Public
- Basement
- Yes
- Levels
- 2
- Heat Fuel
- Radiant
- Cooling
- A/C Wall Unit(s),A/C Window Unit(s)
- Water Sewer
- Public Sewer
- Interior
- 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)
- Rooms
- 18
- Stories
- 2
- Show Address
- Yes
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