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Off Market

117 North 3rd Avenue

Highland Park NJ 08904

4
4208 sq. ft.
Duplex
Last sold for $1,350,000
Raj RyaliRaj Ryali, last sold this property on 19 December 2025 after 136 days on market.

Overview

Welcome to your next cash-flowing asset in the heart of Highland Park! This fully leased 4-unit apartment building offers strong in-place income with upside potential perfect for a savvy investor or an owner-occupant looking to house hack. The property features a balanced mix of *two 2-bedroom/1-bath units* and *two 3-bedroom/1-bath units*, with one of the 3-bedroom units recently renovated and commanding $450 more in monthly rent than its unrenovated counterpart - offering a clear value-add pathway. $84,000 Net Operating Income. Offered at a 6.25% in-place CAP rate with Pro Forma to 7.25% with light renovations. All leases in place through July 2026. Recent upgrades include a full conversion to gas, a brand-new ultra-efficient gas boiler, and a new main waterline, offering peace of mind and reduced operating expenses for years to come. This property has enjoyed zero vacancy and consistent rental demand year after year. Its prime location near Rutgers University and New Brunswick makes it highly attractive to qualified tenants, including academics, graduate students, and medical professionals. Units rent quickly and easily with minimal turnover. Whether you're an investor seeking strong returns or an owner-occupant looking to offset your mortgage, this is a rare opportunity to own a fully leased, income-producing asset in a high-demand rental market. Schedule a showing today!

Features

4 bathrooms
4208 sq. ft. floor area
Duplex

Estimated Value

Based on this property and similar duplexes sold in Highland Park over the last 12 months, the estimated median property value of 117 North 3rd Avenue is $765k.

Median value
$765k
Estimated value range
$490k - $1.37m
Median days on market
56
Estimated value trend
30%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Highland Park. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 117 North 3rd Avenue

2025
Sold
$1,350,000
19 Dec 2025 by Raj Ryali, of Real Broker LLC
2023
Sold
$855,000
24 Jan 2023 by Stacy Stoupas

Happy sellers in Highland Park

~%

We have insufficient information to provide an overview of customer satisfaction for Highland Park. Viewing the agent profiles, reviews and sales for Highland Park can provide insights for this location.

Local market activity for duplexes in Highland Park

In the last 12 months, 9 duplexes similar to 117 North 3rd Avenue, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Highland Park

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Mark Jiorle, CRS

Sellers who recommend Mark Jiorle, CRS have praised them for being local expert, responsive, clear communication, supportive, patient, reliable, and friendly

  •   5   (253 reviews)
  •  1 Review in Highland Park
  •  1 Sale in Highland Park
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Rivka Greene

Rivka Greene is a recommended agent for Highland Park.  They have 7 local sales across the last 12 months.

  •  7 Sales in Highland Park
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Connell Hutkin

Connell Hutkin is a recommended agent for Highland Park.  They have 5 local sales across the last 12 months.

  •  5 Sales in Highland Park
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Jasmin Elalfy

Jasmin Elalfy is a recommended agent for Highland Park.  They have 2 local sales across the last 12 months.

  •   4.8   (5 reviews)
  •  2 Sales in Highland Park
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