77 40Th St, Irvington Twp., NJ 07111
Essex County
Key Facts
Description
Excellent investment opportunity! Calling all investors and owner-occupants seeking an income-producing property with exceptional upside potential! Being sold strictly "AS IS", this spacious four-family home offers the ideal combination of strong income potential and generous living space. Whether you're looking to expand your portfolio or offset your mortgage with rental income, this property presents outstanding income-producing potential. The second-floor units each feature 3 bedrooms and 1 full bathroom, while the first-floor units each offer 2 bedrooms and 1 full bathroom, providing a desirable unit mix to maximize rental income. Each apartment offers spacious living rooms, eat-in kitchens, hardwood flooring, and abundant natural light. The finished basement, complete with two full bathrooms, separate entrances, and additional finished space, offers excellent flexibility for storage or other permitted uses. Buyer is responsible for conducting their own due diligence regarding the legal use of the basement. Additional highlights include separate utilities, a private driveway leading to a one-car garage, a shared driveway providing access to a detached two-car garage, and ample off-street parking. This property offers an exceptional opportunity for investors and owner-occupants alike. Don't miss this rare opportunity to own this four-family property with strong cash flow potential.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Style
Fourplex
Living Area
39,996 sq ft
Lot Size
0.12 acres
Garage Spaces
3
Days on Market
3
MLS® Listing#
4040271
Property Features
Appliances
Cooling
Heating
Basement
Parking
Construction
Windows
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$20,476
Tax year 2025
Assessed Value
$791,500
Parcel Number
1609-00367-0000-00017-0000-
Directions
From Springfield Ave or Stuyvesant Ave to 40th Street.
Affordability Calculator
$175,000
Estimated monthly payment
$4,657/mo
Principal $700,000 · Est. interest $976,562 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Irvington Twp., NJ
- $661,547
- Median Listing Price
- 39
- Median Days on Market
- 2,262
- Median Sq Ft
- $321
- Median Price / Sq Ft
- 3,793
- Active Listings
- This home’s price is 32% above the area median.
- Its price per sq ft is 93% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Irvington Twp., NJ.
Location
Points of Interest in Irvington Twp., NJ
Showing the Irvington Twp. area map.
Nearby Schools
Florence Avenue Elementary School
Elementary · 0.3 mi away
Chancellor Avenue Elementary School
Elementary · 0.3 mi away
Seth Boyden Elementary School
Elementary · 0.4 mi away
Union Avenue Middle School
Secondary · 0.7 mi away
Kiddie College Campus
School · 0.7 mi away
Madison at Chancellor South
School · 0.8 mi away
Mount Vernon Avenue Elementary School
Elementary · 0.8 mi away
Irvington High School
Secondary · 0.8 mi away
Augusta Preschool Academy
School · 1.0 mi away
Clinton Elementary School
Elementary · 1.0 mi away
Mt Vernon Elementary School
Elementary · 1.1 mi away
Prep School for Babies and Children
School · 1.1 mi away
Newark School of Data Science and Information Technology
Secondary · 1.1 mi away
Ivy Hill Elementary School
Elementary · 1.2 mi away
Franklin Elementary School
Elementary · 1.2 mi away
Burch Charter School of Excellence
Elementary · 1.2 mi away
Madison Avenue School
Elementary · 1.2 mi away
Jajo Learning Center
School · 1.3 mi away
Newark Legacy Charter School
School · 1.3 mi away
Tuscan Elementary School
Elementary · 1.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1052 Grove St 3, Irvington Twp., NJ | $625,000 | 10 | 8 | — |
| 52 Montrose Ter, Irvington Twp., NJ | $650,000 | 9 | 3 | 29,997 |
| 420 21St St, Irvington Twp., NJ | $674,000 | 12 | 6 | 3,600 |
| 20 22Nd St, Irvington Twp., NJ | $725,000 | 9 | 3 | 2,997 |
| 69-71 STOCKMAN PL, Irvington, NJ | $785,000 | 10 | — | — |
| 69-71 Stockman Pl, Irvington Twp., NJ | $785,000 | 10 | 4 | 4,936 |
Moving Cost Estimate
EXIT Agents in Irvington Twp.
Listing Courtesy: GOLD STANDARD REALTY - 9083443518