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743 Harrison Ave 6 Unit Apartment Building $2,275,000 ($379,167/Unit) Harrison, NJ 07029
Executive Summary
743 Harrison Avenue is a fully leased, fully renovated mixed-use property on a 25 x 100 lot, featuring 9 total units, with 8 residential units (2 studios, 6 two-bedroom apartments) and 1 commercial storefront. The building is in mint condition, with separate utilities including heat and water, no rent control, and low-maintenance newer and modern mechanical systems — an investment that holds promising success from day one of ownership.
Generating $186,000 in annual income with $37,481 in expenses, it delivers a net operating income of $149,695 and a 6.3% cap rate. With below-market rents, there’s immediate upside potential, while its prime location near PATH and NJ Transit keeps occupancy stable and tenants happy.
Whether you're adding to your portfolio, completing a 1031 exchange, or possibly buying as a seasoned portfolio owner or institution, this property combines strong cash flow, modern upgrades, and a high-demand location. Inquire within today!
Generating $186,000 in annual income with $37,481 in expenses, it delivers a net operating income of $149,695 and a 6.3% cap rate. With below-market rents, there’s immediate upside potential, while its prime location near PATH and NJ Transit keeps occupancy stable and tenants happy.
Whether you're adding to your portfolio, completing a 1031 exchange, or possibly buying as a seasoned portfolio owner or institution, this property combines strong cash flow, modern upgrades, and a high-demand location. Inquire within today!
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- Offering Memorandum
Property Facts
| Price | $2,275,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $379,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 6 | Building Size | 6,712 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1979 |
| Zoning | 4A - Commercial | ||
| Price | $2,275,000 |
| Price Per Unit | $379,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,712 SF |
| No. Stories | 4 |
| Year Built | 1979 |
| Zoning | 4A - Commercial |
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Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 04-00197-0000-00005 | Improvements Assessment | $596,200 |
| Land Assessment | $200,000 | Total Assessment | $796,200 |
Property Taxes
Parcel Number
04-00197-0000-00005
Land Assessment
$200,000
Improvements Assessment
$596,200
Total Assessment
$796,200
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743 Harrison Ave
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