For Multi Family

18 Rutland Ave,Kearny Town, NJ 07032-2129

March 14, 2026

Excellent opportunity to own a legal 3-family home in Kearny, NJ, perfect for both owner-occupants and savvy investors. This well-maintained property offers three separate units with strong income potential.Unit 1 features a spacious 3-bedroom layout w/basement access and is currently occupied by a tenant, providing immediate rental income. Unit 2 is a vacant 2-bedroom unit, presenting the perfect opportunity for an owner to move in or for an investor to place a new tenant at market rent. Unit 3 is another 2-bedroom unit currently tenant-occupied, further contributing to steady cash flow.With a desirable multi-family setup, this property allows an owner to live in one unit while collecting rent from the others, or operate it as a pure investment property with multiple income streams. Conveniently located near major highways, public transportation, shopping, and dining, making it attractive to commuters and long-term tenants alike.Whether you’re looking to house hack or expand your investment portfolio, this Kearny multi-family offers versatility, income potential, and a prime location.

Property ID:PT-31643226-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 799,000 $

Bedrooms:7

Year Built:1915

Listing Details

Status: Active

Location

County: Hudson

Lotsize: 33X109

Lot Identifier: 25

Home Details

Open Parking: 2

Basement: Yes

Basmnt/Desc: Yes - Finished-Partially

Acreage: 0.08

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 14

Easement/Desc: No

Exterior Description: Aluminum Siding, Brick

Roof Description: Asphalt Shingle

Possesion: Immediately

Unit 1 Appliances/Equipment: CarbMDet,CookGas,FireAlrm,SmokeDet

Unit 1 Levels: 2

Unit 1 Rooms: 5

Unit 1 Beds: 3

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 Lease Expire: 2027-02-28

Unit 1 Rent: 2085

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

Unit 2 Appliances/Equipment: CarbMDet,CookGas,FireAlrm,SmokeDet

Unit 2 Levels: 1

Unit 2 Rooms: 5

Unit 2 Beds: 2

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

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

Unit 3 Appliances/Equipment: CarbMDet,CookGas,FireAlrm,SmokeDet

Unit 3 Levels: 1

Unit 3 Rooms: 4

Unit 3 Beds: 2

Unit 3 Baths: 1.0

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

Unit 3 Handicap: No

Unit 3 Lease Expire: 2026-05-30

Unit 3 Rent: 1730

Unit 3 Room Description: Attic, Bedrooms, Eat-In Kitchen, Kitchen

Unit 3 Security Deposit: 2542

Garage Description: Detached Garage

Number of Garage Spaces: 2

Block Identifier: 53

County Number: 18

Town Number: 1807

YB/Desc: 1915 - Approximate

Easement: No

Parking/Driveway Description: 1 Car Width, Concrete, Driveway-Exclusive, On-Street Parking

Block Identifier: 53

County Number: 18

Town Number: 1807

Possession: Immediately

Taxes, Fees & Assessments

Gross Operating Income: 68580

Net Operating Income: 51057

Expense Include: Electric, Hot & Cold Water, Insurance, Taxes

Warranty: No

Tax ID For Property: 1807-00053-0000-00025-0000-

Tax Amount: $11,997.00

Tax Year: 2025

Tax Rate: 10.848%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $23,800.00

Building Assessment: $86,800.00

Total Assessment: $110,600.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 2 Units, Baseboard - Electric, Floor/Wall Heater, Radiators - Steam

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

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Listing Details

18 Rutland Ave,Kearny Town, NJ 07032-2129

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