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Six-Unit Apartment Building
For Sale
$1,850,000

103-105 DEVON ST, Kearny, NJ 07032

Occupied apartment property with separate gas and electric metering, shared backyard space, and basement laundry facilities.

Property SizeContact for details
Days on Market11

Property Features for 103-105 DEVON ST

General Information

Standard status Active
Property subtype Investment
Occupancy 100%

Site & Location

Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 4 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units 6

Amenities

private backyard
coin operated laundry
Listing Agency: KELLER WILLIAMS CITY VIEWS
Listed By: TONY NABHAN · License #0562766
Source: Propertiesbysouthern
Added: Jul 30 Changed: Aug 8 Last Checked: Aug 8 at 9:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS CITY VIEWS

Investment Insights

Based on property information with market context.

This six-unit apartment building at 103-105 Devon St includes four two-bedroom, one-bath residences and two three-bedroom, one-bath residences. All units are occupied, and tenants are current on rent. Separate gas and electric meters place those utility responsibilities with tenants, while water remains property-paid. Some residences have been renovated, and others offer room for improvements.

Residents have access to a private shared backyard and coin-operated laundry in the basement. The semi-finished basement also includes space for additional storage units. The property is within walking distance of public transportation, parks, restaurants, and shops in Kearny, New Jersey.

Key Highlights

  • Six units: four two‑bedroom/one‑bath and two three‑bedroom/one‑bath residences
  • All units occupied with tenants current on rent
  • Separate gas and electric meters; tenants pay those utilities while the property covers water

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,249
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Occupied apartment property with separate gas and electric metering, shared backyard space, and basement laundry facilities.
Where is this apartment building located?
The property is located at 103-105 DEVON ST Kearny, NJ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Six units: four two‑bedroom/one‑bath and two three‑bedroom/one‑bath residences; All units occupied with tenants current on rent; Separate gas and electric meters; tenants pay those utilities while the property covers water
More about this property
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