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Three-Property Multifamily Package
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19 Kearny Avenue, Kearny, NJ 07032

Package includes rooming houses with studios, a one-bedroom apartment, and individual rooms across two New Jersey counties.

Property SizeContact for details
Days on Market21

Property Features for 19 Kearny Avenue

General Information

Standard status Active
Property subtype Multifamily, Special Purpose
Investment Type Value Add

Additional Details

Public Transit Yes

Building Details

Buildings 3
Units 48
Tenancy Multi
Listing Agency: Auction Advisors
Listed By: Joshua Olshin · License #10491202531
Source: Crexi
Added: Aug 13 Changed: Aug 30 Last Checked: Aug 31 at 8:17PM

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 Auction Advisors

Investment Insights

Based on property information with market context.

This multifamily offering combines three rooming houses sold as a package, with individual rooms, two studio apartments, and one one-bedroom apartment. The properties are currently operating below full occupancy, with inactive units remaining in the existing configuration. Recent work included new vinyl flooring and fresh paint at multiple properties, along with permitting and license remediation.

The assets are located in Kearny in Hudson County and Lodi in Bergen County, New Jersey. The portfolio is positioned within New York City commuting corridors and near Newark, Paterson, and Jersey City. Walk Score is 80/100 and Transit Score is 90/100. The properties are approximately 1 mile from the Harrison PATH station and near NJ Transit rail service at Newark Broad St.

Key Highlights

  • Three rooming houses offered together as one package
  • Unit mix includes individual rooms, 2 studio apartments, and 1 1BD apartment
  • Properties located in Kearny and Lodi, NJ

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Acupuncture Skin Care Clinic 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

2,062
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?
Multifamily property - Package includes rooming houses with studios, a one-bedroom apartment, and individual rooms across two New Jersey counties.
Where is this multifamily property located?
The property is located at 19 Kearny Avenue Kearny, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Three rooming houses offered together as one package; Unit mix includes individual rooms, 2 studio apartments, and 1 1BD apartment; Properties located in Kearny and Lodi, NJ
More about this property
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