Three-Unit Home with NYC
Nutley Twp., Nutley, NJ 07110
New
- Added:
- May 26, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 1 at 9:06 am
Property Features for Nutley Twp.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room, Utility Room
- Parking
- 5
- Patio and Porch features
- Patio
- Interior features
- Carpeting, Tile Floors, Wood Floors
- Exterior features
- Partially Fenced, Patio
- Fencing
- Fenced, Partial
- Basement Y/N
- 1
- Appliances
- Oven - Gas, Range, Refrigerator
- Standard status
- Active
- Size
- 2,907 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16088
Utilities
- Heating system
- Baseboard, Hot Water (Heating), Other (Heating), Steam
- Cooling system
- Central Air
Building Details
- Year built
- 1927
- Number of units
- 2
- Building materials
- Aluminum Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent JOSEPH SIANO (973) 472-7000
Listing office JK REALTY 270 COLFAX AVE, Clifton, NJ (973) 472-7000
Listing date May 26, 2026
MLS# 4030032
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
- Delivered completely vacant, offering immediate income potential.
- Legally registered three‑family property in Nutley.
- Expansive backyard with incredible New York City skyline views.
- Massive driveway with parking for five or more vehicles, plus a detached two‑car garage.
- Three distinct, move‑in‑ready units: two 2‑bedroom units and one 1‑bedroom unit.
- First‑floor unit features central air and updated features.
Overview
This three-unit home at 8 Witherspoon St in Nutley offers immediate income potential. Delivered completely vacant, this property is suitable for investors or owner-occupants. The property features three distinct, move-in-ready living spaces. The first floor includes a freshly updated two-bedroom, one-bathroom unit complete with central air, a spacious living room, and a formal dining area. The second floor features a bright two-bedroom, one-bathroom unit highlighting hardwood floors, a comfortable living room, and a dining space. The basement level contains a cozy, fully finished one-bedroom, one-bathroom apartment. The property has an expansive backyard with views of the New York City skyline, a massive driveway with parking for five or more vehicles, and a detached two-car garage. The home is legally registered as a three-family property with the township of Nutley. The property size is 2907 square feet.
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 | $74.3k | $25.56 |
| − Vacancy | −$4.8k | −$1.65 |
| EGI | $69.5k | $23.91 |
| − OpEx | −$20.9k | −$7.17 |
| NOI | $48.7k | $16.74 |
2,907 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$695.0K
$608.2K – $810.9K
NOI $48,652 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$638.6K
$558.8K – $745.1K
NOI $44,704 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$759.1K
$664.2K – $885.6K
NOI $53,135 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Map
- City
- Nutley
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1574
- Latitude
- 40.8192
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Turnkey three-unit property in Nutley Twp. with NYC views.
Where is this triplex located?
The property is located at Nutley Twp. Nutley, 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: Delivered completely vacant, offering immediate income potential.; Legally registered three‑family property in Nutley.; Expansive backyard with incredible New York City skyline views.
