Clifton Multifamily Investment
94 Center St, Clifton, NJ 07011
Four-unit building in Clifton, NJ, with income-producing potential.
Type:Multifamily
Property size:
3,044 SFPrice / SF:
$262/SF- Added:
- Mar 20, 2026
- Days on Market:
- 74
- Last Refresh:
- Mar 21 at 8:36 pm
Property Features for 94 Center St
General Information
- Standard status
- Active
- Size
- 3,044 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing agent Sol Castanos License #NJ 1867493
Listing office Realty One Group
Listing date Mar 20, 2026
Source Crexi
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 Realty One Group
HighLights
- Fully occupied legal four‑family brick building providing consistent rental income.
- Located in a desirable Northern New Jersey rental market near major highways, public transportation, and local amenities.
- Low property taxes supporting strong long‑term performance.
- Two‑car garage plus large unfinished attic and full unfinished basement offering potential for additional storage or future use.
- Dedicated laundry area for each apartment enhancing tenant convenience.
- Well‑maintained building with two one‑bedroom units and two two‑bedroom units.
Overview
Located in Clifton, New Jersey, 94 Center Street is a legal four-family brick building presenting a multifamily investment opportunity. The property is situated on a corner lot and offers approximately 3,044 square feet of income-producing space. The building is fully occupied, featuring two one-bedroom units and two two-bedroom units, providing consistent rental income. The asset includes a two-car garage, a large unfinished attic, and a full unfinished basement, offering potential for additional storage or future use, subject to buyer verification. The basement includes a dedicated laundry area for each apartment, enhancing tenant convenience. The property is well-maintained and benefits from low property taxes, supporting strong long-term performance. It is located in a desirable Northern New Jersey rental market with close proximity to major highways, public transportation, and local amenities. The property is being sold strictly As Is Where Is, and the buyer is to perform all due diligence.
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 | $77.8k | $25.56 |
| − Vacancy | −$5.0k | −$1.65 |
| EGI | $72.8k | $23.91 |
| − OpEx | −$21.8k | −$7.17 |
| NOI | $50.9k | $16.74 |
3,044 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$727.8K
$636.8K – $849.1K
NOI $50,945 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$668.7K
$585.1K – $780.2K
NOI $46,811 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$794.8K
$695.5K – $927.3K
NOI $55,639 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Clifton
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1277146
- Latitude
- 40.8749221
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit building in Clifton, NJ, with income-producing potential.
Where is this quadplex located?
The property is located at 94 Center St Clifton, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully occupied legal four‑family brick building providing consistent rental income.; Located in a desirable Northern New Jersey rental market near major highways, public transportation, and local amenities.; Low property taxes supporting strong long‑term performance.
