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32729099
32729097

26-30 Elmwood Avenue, Irvington, NJ 07111

AZ
NJ 1326852, NJ NJ 1326852
Hudson Atlantic Realty
Hudson Atlantic Realty
Listed by Hudson Atlantic Realty
$5,200,000
16 days on market
Updated 16 days ago

Elmwood Court

Details
Property Type Multifamily
Square Footage 32,000
Units 8
Cap Rate 6.30%
Year Built 1925
Buildings 2
Acreage 0.240
Investment Type Value Add

Multifamily | 32 Units

Marketing description

Elmwood Court is a 32-unit multifamily asset located at 26–30 Elmwood Avenue in Irvington. Constructed in 1925, the property consists of two four-story buildings and features a unit mix of one and two-bedroom apartments. The asset offers practical on-site amenities including controlled access, surface parking, on-site management, 24-hour access, and online services, while unit features include air conditioning, heating, high-speed internet access, kitchens, ranges, and refrigerators. Elmwood Court presents a compelling value-add opportunity, with the ability to increase rents from in-place levels to market-supported levels through targeted unit upgrades and operational improvements, driving enhanced income and overall asset performance.

The property is situated in a dense residential neighborhood near Irvington Park and local retail corridors along Springfield and Chancellor Avenues, providing convenient access to grocery, dining, and everyday services. Residents benefit from nearby NJ Transit bus routes within walking distance and a roughly 10-minute drive to South Orange Station, which offers direct rail service to New York Penn Station in approximately 30 minutes. In addition, the property enjoys strong regional connectivity via the Garden State Parkway and Interstate 78, while maintaining proximity to major employment centers, supporting consistent rental demand and long-term occupancy.

For additional information, please visit: https://elmwood.hudsonatlantic.com

Investment highlights

  • $450+/mo Rent Upside
  • Diverse Unit Mix Efficient 1 & 2 Bedroom Floorplans
  • Prime Location in the Community Driving High Occupancy
  • Strong Regional Connectivity Near Garden State Pkwy & I-78
  • 10 Min Drive to Nearby Train to NYC
  • ~30 Min to NYC via Direct Rail Service
  • Walkable Neighborhood Access to Retail, Dining & Daily Needs

Listing Contacts

AZ
NJ 1326852, NJ NJ 1326852
Hudson Atlantic Realty
Hudson Atlantic Realty
Listed by Hudson Atlantic Realty

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Additional Information

Name
Adam Zweibel
License
1326852
Brokerage Address
111 Littleton Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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