For Multi Family

15 E Clay Ave,Roselle Park Boro, NJ 07204-2058

April 8, 2026

More pictures to come Tues April 07.Welcome to this well-maintained and versatile 3-family property in Roselle Park a rare opportunity that appeals to both investors and owner-occupants alike. Situated on a quiet residential street, this oversized building offers strong income potential paired with everyday livability.Enjoy excellent commuter convenience just minutes from NJ Transit train service, local bus routes, and the Garden State Parkway.It features two spacious floor-through 3-bedroom, 1-bath units on the first and second floors, each with updated kitchens and bathrooms. These units are currently occupied by long-term tenants on month-to-month leases, providing immediate income along with flexibility for rent increases or occupancy adjustment with light cosmetic improvements.The third-floor unit has been fully renovated and is delivered vacant, featuring brand new kitchen cabinets, appliances, and flooring ideal for immediate move-in or leasing at current market rent for day-one income growth.Additional highlights include separate utilities for each unit (tenant-paid gas and electric; owner-paid water), helping to control expenses and maximize cash flow.Whether you’re an investor seeking a strong return (pro forma approximately 7% cap rate) or an owner-occupant looking to offset your mortgage with rental income, this property offers a compelling combination of flexibility, upside, and commuter-friendly location.

Property ID:PT-35783792-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 899,900 $

Bedrooms:9

Year Built:9999

Listing Details

Status: Active

Location

County: Union

Lotsize: 40X150

Lot Identifier: 31

Lot Description: Level Lot

Lot Identifier: 31

Home Details

Open Parking: 5

Basement: Yes

Basmnt/Desc: Yes - Bilco-Style Door

Acreage: 0.14

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 15

Easement/Desc: No

Exterior Description: Aluminum Siding

Roof Description: Asphalt Shingle

Possesion: closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 3

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 9999

Unit 1 Rent: 1725

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Porch, Storage, Utility Room

Unit 1 Security Deposit: 2587

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 9999

Unit 2 Rent: 1800

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Porch, Storage, Utility Room

Unit 2 Security Deposit: 2700

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Electric, Refrigerator

Unit 3 Levels: 3

Unit 3 Rooms: 5

Unit 3 Beds: 3

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 SqFt: 9999

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Storage, Utility Room

Color of Building: Beige

Block Identifier: 804

County Number: 29

Town Number: 2915

Color of Building: Beige

Easement: No

Parking/Driveway Description: 1 Car Width, Blacktop, Driveway-Exclusive, Parking Lot-Exclusive

Block Identifier: 804

County Number: 29

Town Number: 2915

Possession: closing

Taxes, Fees & Assessments

Gross Operating Income: 70500

Net Operating Income: 50500

Expense Include: Cold Water, Insurance, Taxes

Tax ID For Property: 2915-00804-0000-00031-0000-

Tax Amount: $15,369.00

Tax Year: 2025

Tax Rate: 4.506%

Tax Rate Year: 2025

Land Assessment: $98,400.00

Building Assessment: $242,700.00

Total Assessment: $341,100.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 3 Units, Baseboard - Hotwater

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Schools

Grade School: Gordon

Middle School: Roselle Park MS

High School: Roselle Park HS

Carbon Monoxide Detector
Fire Alarm Sys
Fire Extinguisher
Open Porch(es)
Sidewalk
Smoke Detector
Thermal Windows/Doors
Tile Floors

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Listing Details

15 E Clay Ave,Roselle Park Boro, NJ 07204-2058

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