2-Unit Duplex with Detached
For Sale
$599,000
Pending
318 Highland Ave, Kearny, NJ 07032
Multi-Family, 2-Two Story, Kearny Town, NJ
Property Size1,972 SF
Lot Size58,100.00 Acres
Days on Market91
Property Features for 318 Highland Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 1
Parking
2
Interior features
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
Exterior features
Metal Fence, Wood Fence
Fencing
Wood, Fenced
Lot features
Level Lot
Elementary school
GARFIELD
Middle school
LINCOLN
High school
KEARNY
Directions
Kearny Ave to Halstead St to Highland Ave.
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
Hot Water(Heating), Baseboard
Water source
Public
Amenities
shared basement with washer and dryer
covered front porch
fenced backyard
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY
Listed By:
XIAOXIAN CHAN · License #298135
(908) 273-2991
Added: Jun 10
Changed: Sep 2
Last Checked: Sep 8 at 6:06AM
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 duplex contains 1,972 square feet arranged as two residential units. The first-floor unit offers 1 bedroom and 1 bath, along with a living room, eat-in kitchen, and full bathroom. The upper residence spans the second and third floors and includes 3 bedrooms, 2 full baths, living and dining areas, and an updated kitchen with wood cabinetry. Hardwood and tile flooring are featured throughout the interiors.
Exterior improvements include a stone facade, covered front porch, fenced backyard, long driveway, and detached 2-car garage with one designated space for each unit. A shared basement provides washer and dryer access and additional storage. Public water and sewer serve the property, with hot-water baseboard heating.
Located at 318 Highland Ave in Kearny Town, NJ, the property has a Walk Score of 89 and is near shopping, dining, parks, schools, public transportation, bike infrastructure, and major highways.
Exterior improvements include a stone facade, covered front porch, fenced backyard, long driveway, and detached 2-car garage with one designated space for each unit. A shared basement provides washer and dryer access and additional storage. Public water and sewer serve the property, with hot-water baseboard heating.
Located at 318 Highland Ave in Kearny Town, NJ, the property has a Walk Score of 89 and is near shopping, dining, parks, schools, public transportation, bike infrastructure, and major highways.
Key Highlights
- Two‑unit layout: 1‑bedroom, 1‑bath first‑floor residence plus 3‑bedroom, 2‑bath upper residence
- 1,972 square feet of property size
- Detached 2‑car garage with one dedicated space for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,080
$660.1K
Cap Rate 7%
$471,486
$471.5K
Cap Rate 9%
$366,711
$366.7K
Market Conditions
NOI Build-Up for 1,972 SF
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.
Gross rent
$50.4K $25.56/SF
− Vacancy
−$3.3K −$1.65/SF
EGI
$47.1K $23.91/SF
− OpEx
−$14.1K −$7.17/SF
NOI
$33.0K $16.74/SF
Area
Hudson County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,080
Cap Rate 7%
$471,486
Cap Rate 9%
$366,711
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,546
Businesses Nearby
Explore this area
Business Placement
Demographics for 07032, NJ
41,999
Population
15,340
Households
2.7
Avg Household Size
38
Median Age
29%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
4,773
Density / Sq Mi
$83,212
Median Household Income
$45,251
Median Earnings
$1,649
Median Rent
$431,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-level residential configuration includes separate living areas, shared basement laundry, fenced outdoor space, and dedicated parking.
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: Two‑unit layout: 1‑bedroom, 1‑bath first‑floor residence plus 3‑bedroom, 2‑bath upper residence; 1,972 square feet of property size; Detached 2‑car garage with one dedicated space for each unit
