Two-Unit Two-Story
318 Highland Ave, Kearny, NJ 07032
New
Multi-Family, 2-Two Story - Kearny Town, NJ
Property size:
1,972 SFLot size:
58,100.00 AcresPrice / SF:
$303/SF- Added:
- Jun 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 12 at 5:06 am
Property Features for 318 Highland Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Laundry, Living Room, Master Bedroom
- Parking
- 2
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
- Exterior features
- Metal Fence, Wood Fence
- Fencing
- Fenced, Wood
- Basement Y/N
- 1
- Appliances
- Dishwasher, Oven - Gas, Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 1,972 SF
- Lot size
- 58,100.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11032
Utilities
- Heating system
- Baseboard, Hot Water (Heating)
Building Details
- Year built
- 1910
- Number of units
- 2
- Building materials
- Stone, Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent XIAOXIAN CHAN (908) 273-2991
Listing office KELLER WILLIAMS REALTY 488 SPRINGFIELD AVE, Summit, NJ (908) 273-2991
Listing date Jun 10, 2026
MLS# 4033777
Listing URL
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.
HighLights
- 2‑unit multifamily with Unit 1 on the first floor and Unit 2 spanning the second and third floors
- Shared basement with washer and dryer plus separate bedrooms and living spaces for both units
- Unit 1: 1 bedroom, 1 bath with bright living room and eat‑in kitchen
- Unit 2: 3 bedrooms and 2 full baths across two levels with updated kitchen and spacious living/dining areas
- Hardwood floors throughout much of the home with tile floors in bathrooms; gas oven/range and refrigerator included
- Detached 2‑car garage with one dedicated spot per unit, fenced backyard, and long driveway
Overview
This two-unit, two-story multifamily property offers a flexible live-in or rental setup. Unit 1 is configured on the first floor with 1 bedroom and 1 bathroom, including a bright living room and an eat-in kitchen, plus a full bath. Unit 2 spans two levels and features 3 bedrooms and 2 full bathrooms, with a spacious living area, dining space, and an updated kitchen with rich wood cabinetry and ample storage. Hardwood flooring runs throughout much of the home, complemented by tiled bathroom floors and walls.
The home includes a shared basement with a washer and dryer, a stone facade, and a covered front porch. A long driveway leads to a detached 2-car garage, with one dedicated spot for each unit. Outdoor space features a fenced backyard with room for recreation, entertaining, and additional storage.
Located at 318 Highland Ave in Kearny Town, NJ, the property is described as walkable with a Walk Score of 89 and convenient to shopping, dining, parks, schools, major highways, and public transportation. With two distinct floorplan configurations and separate dedicated garage spots, the layout can support an owner-occupant in Unit 1 while renting Unit 2, or renting both units for a residential income strategy.
The home includes a shared basement with a washer and dryer, a stone facade, and a covered front porch. A long driveway leads to a detached 2-car garage, with one dedicated spot for each unit. Outdoor space features a fenced backyard with room for recreation, entertaining, and additional storage.
Located at 318 Highland Ave in Kearny Town, NJ, the property is described as walkable with a Walk Score of 89 and convenient to shopping, dining, parks, schools, major highways, and public transportation. With two distinct floorplan configurations and separate dedicated garage spots, the layout can support an owner-occupant in Unit 1 while renting Unit 2, or renting both units for a residential income strategy.
Local 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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Kearny
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.15189
- Latitude
- 40.76394
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two units with a shared basement, fenced backyard, and detached 2-car garage on Highland Ave.
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: 2‑unit multifamily with Unit 1 on the first floor and Unit 2 spanning the second and third floors; Shared basement with washer and dryer plus separate bedrooms and living spaces for both units; Unit 1: 1 bedroom, 1 bath with bright living room and eat‑in kitchen
