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Residential Income For Sale

98 King Street, Nutley, NJ 07110

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Property Description

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! ***OPEN HOUSE THIS SUNDAY, 8/2, 1PM-2:15PM***

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26023597
Price:
$799,999
Status:
Active
Office Name:
Coldwell Banker, Hoboken
Agent Name:
Maria
Features
Architectural Style:
3 Family
Laundry Features:
Basement
Utilities:
Sep Elec, Sep Gas, Sep Heat
Address Map
Country:
US
State:
NJ
County:
ESSEX
City:
Nutley
Zipcode:
07110
Street:
King
Street Number:
98
Street Suffix:
Street
Longitude:
W75° 50' 58.4''
Latitude:
N40° 48' 26.2''
Additional Information
On Market Date:
2026-06-30
Garage:
2
Financial
Tax Annual Amount:
12885
Listing Information
Co List Agent Mls Id:
498339
List Agent Mls Id:
1031179
List Office Mls Id:
63679
Mls Status:
Active
Modification Timestamp:
2026-07-30T10:03:53Z
Originating System Name:
njmls
Status Change Timestamp:
2026-06-30
Residential Income For Sale
Listing ID:
26023597
$799,999
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com