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124 Paine Ave, Irvington, NJ, 07111

9beds
4baths
4,232sqft
$849,000
$201price/sqft
$6,674/moest. monthly cost
$266,960/yrincome needed

About This Home

A Must see FOURPLEX UNITS Investor dream TURN- KEY income producing property with lots of upside , 4 residential apartments with exceptional possibilities within 6 minutes from Hillside Nj. This turnkey property with 9 Bedrooms, 4 Baths and separate utilities is fully leased Huge and well-maintained 4-unit side-by-side duplex featuring a classic, symmetrical facade with brick on the first level and durable siding above. A wide driveway with a two car garage, The property offers two stories with a balanced layout, strong curb appeal, and consistent rental demand. Each unit benefits from abundant natural light through multiple windows and practical, The building includes four income-producing units with an established rent roll, making it an attractive option for investors seeking stable cash flow or an owner-occupant looking to offset expenses. A central front entrance with brick steps enhances the property's presence, convenience. Situated on a residential block close to transportation, shopping, and neighborhood amenities. Solid long-term investment with dependable income and future upside potential. Don't miss out on this rare opportunity!

Getting Around

75
WalkingVery Walkable
0
TransitVery Limited Transit
52
BikeBikeable

Schools

4/10
5/10
1/10
Irvington High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1953

Materials

  • Roof: Wood Shingle
  • Construction materials: Aluminum Siding

Notable Dates

  • Major remodel year: 2025

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,Refrigerator,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Bedrooms,Eat-in Kitchen,Living Room,Eat-In Kitchen

Heating & Cooling

  • Heating features: 4+ Units,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 4,232
  • Total interior livable area: 4,232 sqft

Property

Details

  • Parcel number: 1609002400000000220000
  • Exclusions: Tenants Property

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 49 x 100

Parking

  • Total spaces: 6
  • Parking features: 1 Car Width,Driveway-Exclusive,Finished Garage,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,293$51,516
Home Insurance *$430$5,160
Property Taxes $1,485$17,820
Electricity $466$5,598
Total$6,674$80,088
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$228,822/yr
40% on housing$200,220/yr
45% on housing$177,973/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$201This listing

vs Other Active Listings

Avg $/sqft

ZIP 07111$271
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07111$304
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-06Price change$879,000
2026-04-22Listed for sale$899,000

For Sale by Agent

AgentJoel Miller
BrokerageKeller Williams Mid-Town Direct

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