4-Unit Victorian With 8-Car
96 Hillside Ave Nutley, NJ 07110
96 Hillside Ave, Nutley, NJ, 07110
$1,435,000
For Sale
$1,435,000
MULTI_FAMILY - Nutley Twp., NJ
Property Size4,450 SF
Lot Size0.20 Acres
Price / SF$322.47
Days on Market47
Property Features for 96 Hillside Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 2, Bathroom 5, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 9, Bedroom 7, Bedroom 6, Bathroom 1, Basement
- Parking
- 8
- 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
- Partial, Fenced
- Standard status
- Active
- Size
- 4,450 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 21214
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Forced Air, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 4
- Roof type
- Flat, Shingle
Listing Agency
YOUR TOWN REALTY
(855) 600-2465
5 MAPLE AVE, Morristown, NJ
Listed by
RONNIE GLOMB · License #790072
(855) 600-2465
Added: Jun 3 Checked: Jul 19 at 8:06 am
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.
Investment Insights
Based on property information with market context.
This legal four-unit Victorian multi-family property is configured as two smaller units plus a duplex setup. Two units are delivered vacant, including one recently renovated unit that is rent-ready, and a large two-story duplex with loft space that is ready for renovation. Separate utilities are provided for all units. The property has passed all state and local inspections.
A private 8-car parking lot supports the building, with three spaces currently rented to neighborhood residents. Electrical service has been newly upgraded, including a 200-amp electrical service and panels.
The existing occupied units provide current rental income, while the delivered-vacant units offer additional leasing flexibility.
A private 8-car parking lot supports the building, with three spaces currently rented to neighborhood residents. Electrical service has been newly upgraded, including a 200-amp electrical service and panels.
The existing occupied units provide current rental income, while the delivered-vacant units offer additional leasing flexibility.
Key Highlights
- Legal 4‑unit Victorian built in 1900 on the Hillside Avenue corridor
- Two units vacant on Jun 22: Unit 3 rent‑ready at $2,650 (can be $2,850 upon vacancy from 07/01) and Unit 4 duplex ready for renovation
- Occupied units (Units 1 & 2) generate a combined $2,950/month with a stated 4% year increase
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Legal four-unit property with separate utilities and private 8-car parking, featuring two units vacant at delivery.
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‑unit Victorian built in 1900 on the Hillside Avenue corridor; Two units vacant on Jun 22: Unit 3 rent‑ready at $2,650 (can be $2,850 upon vacancy from 07/01) and Unit 4 duplex ready for renovation; Occupied units (Units 1 & 2) generate a combined $2,950/month with a stated 4% year increase
