5-Unit Mixed-Use Multifamily
For Sale
$1,299,888
739-741 Schuyler Ave, Kearny, NJ 07032
Five-unit building delivered vacant at closing, with substantial parking including a one-car garage and lot for 15+ vehicles.
Property SizeContact for details
Days on Market63
Property Features for 739-741 Schuyler Ave
General Information
Standard status
Active
Property subtype
Multi-Family
Zoning
R-2
Additional Details
Cap Rate
6.45%
Multifamily Units
5
Amenities
3
Listing Agency:
KELLER WILLIAMS PARK VIEWS
Listed By:
BILLY PENA · License #0338712
(201) 232-4339
Source:
Xome
Added: Jul 8
Changed: Sep 2
Last Checked: Sep 7 at 6:24AM
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 PARK VIEWS
Investment Insights
Based on property information with market context.
This five-unit, mixed-use multifamily building offers an investor-ready configuration with apartments delivered completely vacant at closing, giving the next owner the flexibility to establish new market rents. Current performance is supported by stated gross income of $105,600 per year and net income of $77,382 per year, reflecting a 6.45% cap rate based on the provided figures.
The property includes a 1-car garage and an expansive parking lot accommodating 15+ vehicles, a particularly valuable amenity for tenants and operations. The building is zoned R-2, providing a zoning basis for future flexibility as described in the offering.
Representing a straightforward, income-producing multifamily opportunity with significant parking capacity and vacancy at closing, this is positioned as a strong fit for investors and 1031 Exchange buyers seeking to take control of rental positioning immediately.
The property includes a 1-car garage and an expansive parking lot accommodating 15+ vehicles, a particularly valuable amenity for tenants and operations. The building is zoned R-2, providing a zoning basis for future flexibility as described in the offering.
Representing a straightforward, income-producing multifamily opportunity with significant parking capacity and vacancy at closing, this is positioned as a strong fit for investors and 1031 Exchange buyers seeking to take control of rental positioning immediately.
Key Highlights
- 5‑unit mixed‑use building with gross income of $105,600/year and net income of $77,382/year
- 6.45% cap rate reported in the listing
- Units will be delivered completely vacant at closing, allowing new market rents
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
916
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?
Apartment building - Five-unit building delivered vacant at closing, with substantial parking including a one-car garage and lot for 15+ vehicles.
Where is this apartment building located?
The property is located at 739-741 Schuyler Ave Kearny, NJ.
What is the asking price?
The asking price for this property is $1,299,888.
What are key features of this property?
This property features: 5‑unit mixed‑use building with gross income of $105,600/year and net income of $77,382/year; 6.45% cap rate reported in the listing; Units will be delivered completely vacant at closing, allowing new market rents
