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$725,000 Coming Soon

  • For Sale
  • Coming Soon
  • Multi-Family
  • 10 Total Beds
  • Updated 10 hours ago

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Rare opportunity to acquire a uniquely configured multi-income property in Irvington. Currently set up with FIVE separate living spaces, offering flexibility for investors, house hackers, or multigenerational buyers. The main building features: Two 3-bedroom, 1-bathroom full apartments (One currently occupied & one delivered vacant) In addition, the property includes three additional income-producing spaces: A 2-bedroom, 1-bathroom full lower level apartment and a private single-room suite with its own bathroom and kitchenette. Also, a converted studio apartment in the rear of the property. Every unit and space includes its own washer and dryer, a revenue generating amenity that supports strong rental appeal and premium pricing. With only one unit currently occupied, the next owner has the opportunity to reposition rents to market value, continue or expand short-term rental use, house hack and live in one unit while collecting income, accommodate extended or multigenerational living. This is not a cookie-cutter multi-family! It's a flexible income property designed for someone who understands how to maximize cash flow. Strong rental demand area with convenient access to transportation, shopping, and major routes.

Full Property Details for 197 Park Pl

General

  • Price: $725,000
  • Taxes: $15,312 (2025)
  • Status: Coming Soon
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4011783
  • Updated: 2/27/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 13

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Exterior

  • Exterior Features: Barbecue, Metal Fence, Storage Shed

Location

  • County: Essex
  • Subdivision: Upper Irvington
  • Driving Directions: Chancellor to Park Pl

Heating & Cooling

  • Cooling Type: 2 Units
  • Heating Type: 2 Units, Forced Hot Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground

Structural Information

  • Architectural Style: Under/Over
  • Exterior Const.: Stone, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished, Full, Walk-Out
  • Roof: Composition Shingle
  • Year Built: 1921
  • Remodeled/Updated: 2024

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch
  • Levels/Stories: 1
  • Fireplaces: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Dimensions: 50 x 125
  • Driveway/Sidewalk: Driveway-Exclusive, Off-Street Parking

Financial Considerations

  • Assessment Amount: $469,400
  • Land Assmt: $122,500
  • Tax Amount: $15,312
  • Tax Year: 2025

Disclosures and Reports

  • Block: 328
  • Lot Number: 27
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 197 Park Pl —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 197 Park Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/27/2026
Listed
$725,000
61.11%
MLS
1/07/2022
Sold
$450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 197 Park Pl

Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,259
26%
$591,900
157%
2022
$13,710
—
$230,000
—
2021
$13,752
44%
$230,000
29%
2021
$9,535
-6%
$177,700
—
2018
$10,131
-2%
$177,700
—
2019
$10,331
2%
$177,700
—
2017
$10,084
2%
$177,700
—
2016
$9,866
2%
$177,700
—
2015
$9,637
10%
$177,700
—
2013
$8,775
—
$177,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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197 Park Pl, Irvington, NJ 07111 (MLS# 4011783) is a Multi-Family property with 2 units containing 10 bedrooms and 5 full bathrooms. 197 Park Pl is currently listed for $725,000 and was received on February 27, 2026. This property is listed by Ronald "Ron" Fowlin from our Metuchen / Edison Office.Want to learn more about 197 Park Pl? Do you have questions about finding other Multi-Family real estate for sale in Irvington? You can browse all Irvington real estate or contact a Coldwell Banker agent to request more information.

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