98 King Street, Nutley, NJ 07110
Local realty services provided by:ERA Queen City Realty
98 King Street,Nutley, NJ 07110
$799,999
- - Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: maria kosdan
Office: coldwell banker, hoboken201-716-0220
MLS#:26023597
Source:NJ_MLS
Price summary
- Price:$799,999
About this home
Rare fully occupied investment opportunity in Nutley offering immediate income and long-term upside. 98 King Street is a well-maintained 3-family property featuring three separate 1-bedroom, 1-bath residences, each with dedicated 1-car parking and outdoor space — a major value-add in today’s rental market. With stable occupancy already in place, this is a true plug-and-play asset for investors seeking reliable cash flow from day one. The property offers strong rental appeal with practical layouts, parking for every unit, complimentary shared washer/dryer access in the basement, and complimentary garage storage, all in a desirable residential location close to local shops, dining, parks, major roadways, and NYC transportation options. A smart addition to any portfolio, this fully leased multifamily currently generates $4,945/month in rental income, with leases secured through May/June 2027, a current cap rate of approximately 5.6%, and modest rental upside of approximately $75–$100/month per unit in its current well-kept condition, with the potential for even stronger rents over time through optional cosmetic updates. With separate gas and electric meters, manageable known expenses, and parking-driven tenant demand, 98 King Street delivers the rare combination of stability, income, convenience, and long-term rental appeal. Property is being sold as-is. Contact us today to schedule a private viewing!...
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Home facts
- Listing ID #:26023597
- Added:5 day(s) ago
- Updated:July 06, 2026 at 03:24 PM
Rooms and interior
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:9
Finances and disclosures
- Price:$799,999
- Tax amount:$12,885
Features and amenities
- Laundry features:Basement
Parking
- Garage spaces:2
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