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Legal Three-Family Residential
For Sale
$799,000

18 Rutland Avenue, Kearny, NJ 07032

Legal three-family home with three separate units, including one occupied 3-bedroom unit and two 2-bedroom units.

Property SizeContact for details
Days on Market157

Property Features for 18 Rutland Avenue

General Information

Standard status Active
Property subtype Multi Family / 3-Three Story
Net Operating Income $51,057

Taxes and HOA fees

Annual Taxes $11,997

Amenities

Yes
No
Asphalt Shingle
Finished-Partially
Aluminum Siding, Brick/Block

Building Details

Year Built 1915
Listing Agency: RE/MAX SELECT
Listed By: DOMINIC MAIDA · License #398398
Source: Compass
Added: Mar 10 Changed: Aug 8 Last Checked: Jul 21 at 1:56AM

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 RE/MAX SELECT

Investment Insights

Based on property information with market context.

This legal three-family residential property offers three separate units in a well-maintained setup. Unit 1 features a 3-bedroom layout with basement access and is currently tenant-occupied. Unit 2 is a vacant 2-bedroom unit, providing flexibility for an owner-occupant or a new tenant. Unit 3 is a tenant-occupied 2-bedroom unit.

The property is located in Kearny, NJ, with convenient access to major highways and public transportation, along with shopping and dining nearby.

The configuration supports a variety of straightforward residential ownership approaches, including living in one unit while renting the others, or operating as an income-focused investment property.

Key Highlights

  • Legal 3‑family home with three separate units: one 3‑bedroom unit and two 2‑bedroom units
  • Unit 1 is a 3‑bedroom unit with basement access and is currently tenant‑occupied
  • Unit 2 is a vacant 2‑bedroom unit, ready for an owner‑occupant or new tenant

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Garden Center Veterinary Clinic (Bike/Boat/Book/etc) Store Catering Service

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

Location Intelligence

Trade Area within ½ mile

1,481
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-family home with three separate units, including one occupied 3-bedroom unit and two 2-bedroom units.
Where is this triplex located?
The property is located at 18 Rutland Avenue Kearny, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Legal 3‑family home with three separate units: one 3‑bedroom unit and two 2‑bedroom units; Unit 1 is a 3‑bedroom unit with basement access and is currently tenant‑occupied; Unit 2 is a vacant 2‑bedroom unit, ready for an owner‑occupant or new tenant
More about this property
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