Two-Family Home with Fenced
9 Memphis Ave Nutley, NJ 07110
For Sale
$999,000
MULTI_FAMILY - Nutley Twp., NJ
Property Size2,450 SF
Price / SF$407.76
Days on Market51
Property Features for 9 Memphis Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 1, Basement, Bathroom 3, Bedroom 3, Bedroom 5
- Parking
- 4
- Patio and Porch features
- Patio
- Interior features
- Carbon Monoxide Detector, Smoke Detector, Wood Floors
- Exterior features
- Metal Fence, Patio
- Fencing
- Fenced
- Standard status
- Active
- Size
- 2,450 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 18072
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1970
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
UNITED REAL ESTATE
(888) 501-6953
Listed By:
PAULINA MOSCICKI
(888) 501-6953
Added: Jun 3
Changed: Jul 19
Last Checked: Jul 23 at 6:06PM
MLS# 4031812
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.
Investment Insights
Based on property information with market context.
This meticulously maintained two-family home offers identical, well-designed layouts on each floor. Each unit features three spacious bedrooms and one full bath, along with a formal dining room, a generous living room, hardwood flooring throughout, and oversized windows that bring in natural light. Updated kitchens include stainless steel appliances and quartz countertops. A finished walkout basement adds exceptional additional living space, including a summer kitchenette and a full bath.
Outside, the property includes a large, fully fenced-in backyard with a patio.
Convenient access to downtown is described as being about five minutes away, with nearby transportation options including a NJ Transit Bus route connecting to Delawanna Train Station and Branch Brook Park Station. Major highways listed include Route 3, Route 21, and the Garden State Parkway.
Outside, the property includes a large, fully fenced-in backyard with a patio.
Convenient access to downtown is described as being about five minutes away, with nearby transportation options including a NJ Transit Bus route connecting to Delawanna Train Station and Branch Brook Park Station. Major highways listed include Route 3, Route 21, and the Garden State Parkway.
Key Highlights
- Two‑family home (identical layouts on each floor) built in 1970
- Updated kitchens with stainless steel appliances and quartz countertops
- Hardwood/wood floors throughout, with formal dining rooms and spacious living rooms in both units
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 | $62.6k | $25.56 |
| − Vacancy | −$4.0k | −$1.65 |
| EGI | $58.6k | $23.91 |
| − OpEx | −$17.6k | −$7.17 |
| NOI | $41.0k | $16.74 |
2,450 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$585.8K
$512.6K – $683.4K
NOI $41,004 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$538.2K
$471.0K – $627.9K
NOI $37,676 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$639.7K
$559.8K – $746.4K
NOI $44,782 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Meticulously maintained two-family residence with identical layouts, hardwood floors, updated kitchens, and a finished walkout basement.
Where is this duplex located?
The property is located at 9 Memphis Ave Nutley, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family home (identical layouts on each floor) built in 1970; Updated kitchens with stainless steel appliances and quartz countertops; Hardwood/wood floors throughout, with formal dining rooms and spacious living rooms in both units
