98 King Street, Nutley, NJ 07110

• 3 beds |
• 3 baths

Property 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! ***OPEN HOUSE THIS SUNDAY, 8/2, 1PM-2:15PM***

Listing Status:

Active

Date Added:

June 23, 2026

Data Last Updated:

August 9, 2026 at 7:59AM

Listing Office:

Coldwell Banker, Hoboken : 201-716-0220

Listing Agent:

Maria Kosdan : 973-953-6497

MLS ID:

26023597

Interior

• Rooms: 9
• Laundry: Basement

Location

• County: ESSEX

Utilities

• Utilities: Sep ElecSep GasSep Heat