deal image
22 Irving StNewark, NJ 07104
22 Irving St
Asset ClassMultifamily
# Units32
# Units: 32# Buildings: 1Land: 0.31 AcresAccess Data Room
32 Units - 3 Story Low-Rise | Newark, NJ | Strategic Location | Value-Add Potential
overview of deal

Overview

22 Irving St presents a three-story, low-rise multifamily property in Newark, comprising 32 units on a 0.31-acre site. The property features one-bedroom apartments with efficient layouts and practical interior finishes, including hardwood floors, heating, and high-speed internet and cable readiness. Units are equipped with full kitchens featuring ovens, ranges, and refrigerators, providing a functional and comfortable living environment. The asset is well-suited for stable, long-term tenancy, benefiting from straightforward operations and an efficient configuration that supports consistent occupancy and durable cash flow performance.

 

Situated in Newark, the property benefits from strong connectivity and proximity to key regional amenities and employment centers. Newark Broad Street Station is approximately a 10-minute drive, providing direct rail service to New York Penn Station in about 23 minutes, enabling convenient access to Manhattan. The location is further supported by nearby access to Interstate 280 and the New Jersey Turnpike, as well as Newark Liberty International Airport for regional and national travel. Residents are within reach of prominent amenities including Branch Brook Park, the New Jersey Performing Arts Center, and the Ironbound district, while major employers such as Rutgers University, Prudential Financial, PSEG, and RWJBarnabas Health underpin steady rental demand.

Investment Highlights

  • Value-Add Potential In-Place Rents Positioned Below Market
  • Streamlined Unit Mix Efficient One-Bedroom Layouts
  • Institutional Demand Drivers Near Rutgers, Healthcare & Corporate Hubs
  • Proximity to NYC ~23 Min to Manhattan via Direct Rail
  • Strong Regional Connectivity Access to Rail, I-280 & NJ Turnpike

 

deal gallery image
deal gallery image
deal gallery image
22 Irving StNewark, NJ 07104

Inquire

Listing provided by LightBox Revere