Two-Unit Residential Income
318 Highland Ave Kearny, NJ 07032
For Sale
$599,000
Pending
MULTI_FAMILY - Kearny Town, NJ
Property Size1,972 SF
Lot Size58,100.00 Acres
Days on Market46
Property Features for 318 Highland Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 1, Basement, Bedroom 4, Bathroom 1, Bathroom 2
- Parking
- 2
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
- Exterior features
- Metal Fence, Wood Fence
- Fencing
- Wood, Fenced
- Standard status
- Pending
- Size
- 1,972 SF
- Lot size
- 58,100.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11032
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
KELLER WILLIAMS REALTY
(908) 273-2991
Listed By:
XIAOXIAN CHAN · License #298135
(908) 273-2991
Added: Jun 10
Changed: Jul 9
Last Checked: Jul 25 at 4:06AM
MLS# 4033777
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit residential income property is a well-maintained duplex with a versatile layout. Unit 1 is configured as a 1-bedroom, 1-bath home on the first floor, with a bright living room, an eat-in kitchen, and a full bath. Unit 2 spans the second and third floors and includes 3 bedrooms and 2 full baths, with a spacious living area, dining space, and an updated kitchen featuring wood cabinetry and ample storage. Hardwood flooring runs through much of the home, complemented by tiled bathroom floors and tile walls. A shared basement includes a washer and dryer.
The property features an attractive stone façade, a covered front porch, a long driveway, and a fenced backyard with outdoor space for recreation, entertaining, and additional storage. There is also a detached 2-car garage with one dedicated spot for each unit.
Located near shopping, dining, parks, schools, and major highways, the listing reports a Walk Score of 89 for convenient access to everyday amenities and public transportation.
The property features an attractive stone façade, a covered front porch, a long driveway, and a fenced backyard with outdoor space for recreation, entertaining, and additional storage. There is also a detached 2-car garage with one dedicated spot for each unit.
Located near shopping, dining, parks, schools, and major highways, the listing reports a Walk Score of 89 for convenient access to everyday amenities and public transportation.
Key Highlights
- Well‑maintained 2‑unit multi‑family with Unit 1 on the first floor and Unit 2 on the second and third floors
- Unit 1: 1 bedroom, 1 bath with bright living room and eat‑in kitchen
- Unit 2 spans 2 levels with 3 bedrooms and 2 full baths, plus living and dining space and an updated kitchen
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $25.56 |
| − Vacancy | −$3.3k | −$1.65 |
| EGI | $47.1k | $23.91 |
| − OpEx | −$14.1k | −$7.17 |
| NOI | $33.0k | $16.74 |
1,972 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,004 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$433.2K
$379.1K – $505.4K
NOI $30,325 @ 7.0% cap · market cap 5.06%
Theoretical Best
Warehouse
$714.1K
$624.8K – $833.1K
NOI $49,986 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with one-bedroom first-floor unit and larger multi-bedroom upper unit, plus shared basement, driveway, fenced yard, and garage.
Where is this duplex located?
The property is located at 318 Highland Ave Kearny, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Well‑maintained 2‑unit multi‑family with Unit 1 on the first floor and Unit 2 on the second and third floors; Unit 1: 1 bedroom, 1 bath with bright living room and eat‑in kitchen; Unit 2 spans 2 levels with 3 bedrooms and 2 full baths, plus living and dining space and an updated kitchen
