26-30 Elmwood Ave - Apartments FOR SALE


Irvington, NJ 07111
$5,200,000 USD
201-953-9532
26-30 Elmwood Ave, Irvington, NJ for Sale
$5,200,000 USD
Apartments - FOR SALE
1/8
null | 6.3% Cap Rate

26-30 Elmwood Ave
Irvington, NJ 07111


HIGHLIGHTS

  • $450+/mo Rent Upside
  • Diverse Unit Mix Efficient 1 & 2 Bedroom Floorplans
  • Prime Location in the Community Driving High Occupancy & Walkable Neighborhood Access to Retail, Dining & Daily Needs
  • 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

OVERVIEW

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

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

32

PRICE/UNIT

$162,500

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elmwood Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1925

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

-

APN/PARCEL ID

09-00027-0000-00022

ASK ABOUT THIS PROPERTY

Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.