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5-Unit Apartment and Parking Lot
For Sale
$1,299,888

739 Schuyler Ave, Kearny, NJ 07032

Five-unit mixed-use property with a 1-car garage and parking lot accommodating 15+ vehicles, zoned R-2.

Property SizeContact for details
Days on Market97

Property Features for 739 Schuyler Ave

General Information

Standard status Active
Property subtype Commercial
Zoning R-2

Additional Details

Cap Rate 6.45%
Multifamily Units 5
Listing Agency: Keller Williams Park Views
Listed By: Billy Pena () · License #0338712
Source: Fortuneluxuryrealty
Added: Jul 19 Changed: Oct 11 Last Checked: Oct 23 at 6:09AM

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

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Investment Insights

Based on property information with market context.

This 5-unit, mixed-use property offers apartment units that will be delivered completely vacant at closing, giving you flexibility to set rents after acquisition. The site includes a 1-car garage and an expansive parking lot that can accommodate 15+ vehicles, supporting convenient tenant and visitor parking.

Located on Schuyler Ave in Kearny, NJ, the property is zoned R-2. The current income performance is presented as $105,600 in gross income and $77,382 in net income.

The combination of multiple apartment units and substantial onsite parking provides a practical configuration for owners seeking steady income and a straightforward path to re-rent the units at closing.

Key Highlights

  • 5‑unit mixed‑use property with an estimated Gross Income of $105,600/year and Net Income of $77,382/year
  • Reported 6.45% cap rate with existing income
  • Units will be delivered completely vacant at closing for potential rent reset

Property Analytics

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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

916
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit mixed-use property with a 1-car garage and parking lot accommodating 15+ vehicles, zoned R-2.
Where is this apartment building located?
The property is located at 739 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 property with an estimated Gross Income of $105,600/year and Net Income of $77,382/year; Reported 6.45% cap rate with existing income; Units will be delivered completely vacant at closing for potential rent reset
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