Four-Unit Multifamily
96 Hillside Ave, Nutley, NJ 07110
New
Multi-Family, See Remarks - Nutley Twp., NJ
Property size:
4,450 SFLot size:
0.20 AcresPrice / SF:
$322/SF- Added:
- Jun 3, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 3 at 11:06 pm
Property Features for 96 Hillside Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room, Master Bedroom
- Parking
- 8
- Parking features
- Assigned, Parking Lot
- Security features
- Fire Alarm
- Patio and Porch features
- Patio, Porch
- Interior features
- Carbon Monoxide Detector, Fire Alarm Sys, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
- Exterior features
- Curbs, Enclosed Porch(es), Metal Fence, Partially Fenced, Patio, Sidewalk, Storm Window(s)
- Fencing
- Fenced, Partial
- Basement Y/N
- 1
- Appliances
- Dishwasher, Dryer, Oven - Gas, Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 4,450 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 21214
Utilities
- Heating system
- Forced Air, Hot Water (Heating), Other (Heating)
- Cooling system
- Multi Units
Building Details
- Year built
- 1900
- Number of units
- 4
- Building materials
- Aluminum Siding
- Roof type
- Asphalt, Flat, Shingle
- Architectural style
- Other
Listing agent RONNIE GLOMB (973) 865-5050
Listing office YOUR TOWN REALTY 5 MAPLE AVE, Morristown, NJ (973) 865-5050
Listing date Jun 3, 2026
MLS# 4032063
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
- Legal 4‑family Victorian built in 1900 with basement and 5 bathrooms across multiple units
- Delivered with two units vacant: Unit 3 (vacant June 22) and Unit 4 (vacant duplex) for income opportunities
- Current occupied income includes Units 1 & 2 at a combined $2,950/month, with separate utilities for all units
- Unit 4 is a 2‑story duplex with loft space totaling 1,600 SF, with potential for $3,200+ rent
- Private 8‑car parking lot with three spaces currently rented to neighborhood residents, plus additional income potential
- Passed all state and local inspections; includes fire alarm system, smoke/CO detectors, and fire extinguisher
Overview
This legal four-unit Victorian presents a duplex-focused configuration and separate utility setups for every unit. The property includes two occupied units (Units 1 and 2) and two vacant at delivery (Units 3 and 4), creating immediate occupancy options depending on rent-ready timing. Units 1 and 2 are described as generating a combined $2,950 per month. Unit 3 is noted as vacant as of June 22 and recently renovated and rent-ready, with a current stated rent of $2,650 and potential for $2,850 upon vacancy from 07/01. Unit 4 is described as a large two-story duplex with loft space, currently vacant and ready for renovation.
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 | $113.7k | $25.56 |
| − Vacancy | −$7.3k | −$1.65 |
| EGI | $106.4k | $23.91 |
| − OpEx | −$31.9k | −$7.17 |
| NOI | $74.5k | $16.74 |
4,450 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$931.0K – $1.24M
NOI $74,476 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$977.6K
$855.4K – $1.14M
NOI $68,432 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,339 @ 7.0% cap · market cap 5.67%
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
- Nutley
- County
- Essex
- State
- New Jersey
- Longitude
- -74.15891
- Latitude
- 40.82263
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Legal four-unit Victorian with two units vacant at delivery, plus private 8-car parking and separate utilities for all units.
Where is this quadplex located?
The property is located at 96 Hillside Ave Nutley, NJ.
What is the asking price?
The asking price for this property is $1,435,000.
What are key features of this property?
This property features: Legal 4‑family Victorian built in 1900 with basement and 5 bathrooms across multiple units; Delivered with two units vacant: Unit 3 (vacant June 22) and Unit 4 (vacant duplex) for income opportunities; Current occupied income includes Units 1 & 2 at a combined $2,950/month, with separate utilities for all units
