Description
Rare fully occupied investment opportunity in Nutley offering immediate income and long-term upside. 98 King Street is a well-maintained 3-family property featuring three separate 1-bedroom, 1-bath residences, each with dedicated 1-car parking and outdoor space — a major value-add in today’s rental market. With stable occupancy already in place, this is a true plug-and-play asset for investors seeking reliable cash flow from day one. The property offers strong rental appeal with practical layouts, parking for every unit, complimentary shared washer/dryer access in the basement, and complimentary garage storage, all in a desirable residential location close to local shops, dining, parks, major roadways, and NYC transportation options. A smart addition to any portfolio, this fully leased multifamily currently generates $4,945/month in rental income, with leases secured through May/June 2027, a current cap rate of approximately 5.6%, and modest rental upside of approximately $75–$100/month per unit in its current well-kept condition, with the potential for even stronger rents over time through optional cosmetic updates. With separate gas and electric meters, manageable known expenses, and parking-driven tenant demand, 98 King Street delivers the rare combination of stability, income, convenience, and long-term rental appeal. Property is being sold as-is. Contact us today to schedule a private viewing!
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3BEDS
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N/AACRES
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3BATHS
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01/2 BATHS
School Ratings & Info
Description
Rare fully occupied investment opportunity in Nutley offering immediate income and long-term upside. 98 King Street is a well-maintained 3-family property featuring three separate 1-bedroom, 1-bath residences, each with dedicated 1-car parking and outdoor space — a major value-add in today’s rental market. With stable occupancy already in place, this is a true plug-and-play asset for investors seeking reliable cash flow from day one. The property offers strong rental appeal with practical layouts, parking for every unit, complimentary shared washer/dryer access in the basement, and complimentary garage storage, all in a desirable residential location close to local shops, dining, parks, major roadways, and NYC transportation options. A smart addition to any portfolio, this fully leased multifamily currently generates $4,945/month in rental income, with leases secured through May/June 2027, a current cap rate of approximately 5.6%, and modest rental upside of approximately $75–$100/month per unit in its current well-kept condition, with the potential for even stronger rents over time through optional cosmetic updates. With separate gas and electric meters, manageable known expenses, and parking-driven tenant demand, 98 King Street delivers the rare combination of stability, income, convenience, and long-term rental appeal. Property is being sold as-is. Contact us today to schedule a private viewing!
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Data last updated: 2026-07-11T00:17:36.417.