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

Local realty services provided by:CENTURY 21 Action Plus Realty
-117-119 N 3rd Avenue,Highland Park, NJ 08904
$1,350,000
  • - Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Office: real
MLS#:2601905R
Source:NJ_MCMLS

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Price summary

  • Price:$1,350,000

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

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Home facts

  • Year built:1926
  • Listing ID #:2601905R
  • Added:164 day(s) ago
  • Updated:January 17, 2026 at 07:51 AM

Rooms and interior

  • Total bathrooms:4

Heating and cooling

  • Cooling:A/C Wall Unit(s), A/C Window Unit(s)
  • Heating:Radiant

Structure and exterior

  • Year built:1926

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,350,000
  • Tax amount:$22,817
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