742 Lyons Ave Irvington, NJ 07111
Estimated payment $9,632/month
About This Home
Introducing 742 Lyons Ave Mixed Use, a 3-story masonry construction offering +7,800 sf inclusive of 7 separately metered income producing units; four 3-Bed/1-Bath apartment dwellings and three retail storefronts anchored by national pizza brand. Current 100% occupancy serves as basis for in-place cash flow and apartment rental income upside ranging -52% below the area's median market rate. Built around 1960, this corner lot asset benefits from high corner lot visibility at a signalized 4-way traffic intersection adjacent to the Garden State Parkway and close proximity to I-78/Irvington Park. The property is zoned B-1 "Neighborhood Business" offering versatile potential for businesses. Amenities include on-site driveway parking for 5-6 vehicles and immediate access to public bus transportation. With scalable rental improvement and prime location, this property presents a compelling opportunity for Core Plus/Value Add investors seeking long-term growth potential in the CRE space.
Property Details
Property Type
- Other
Est. Annual Taxes
- $29,249
Home Design
- Flat Roof Shape
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $28,665 | $472,000 | $154,600 | $317,400 |
| 2022 | $28,136 | $472,000 | $154,600 | $317,400 |
| 2021 | $28,221 | $472,000 | $154,600 | $317,400 |
| 2020 | $28,207 | $472,000 | $154,600 | $317,400 |
| 2019 | $27,442 | $472,000 | $154,600 | $317,400 |
| 2018 | $29,617 | $519,500 | $154,600 | $364,900 |
| 2017 | $29,482 | $519,500 | $154,600 | $364,900 |
| 2016 | $28,843 | $519,500 | $154,600 | $364,900 |
| 2015 | $28,172 | $519,500 | $154,600 | $364,900 |
| 2014 | $28,344 | $519,500 | $154,600 | $364,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/24/2025 03/24/25 | For Sale | $1,299,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $600,000 | -- | |
| Deed | $455,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $525,000 | Stand Alone Refi Refinance Of Original Loan | |
| Open | $900,000 | New Conventional | |
| Previous Owner | $341,250 | Commercial |
Source: New Jersey MLS
MLS Number: 25009484
APN: 09-00264-0000-00001
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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