This is a fantastic opportunity to own a well-maintained four-family property offering four functional two-bedroom, two-bathroom apartments, totaling eight bedrooms and eight bathrooms. Each unit is approximately 750 square feet with a well-proportioned layout that places the bedrooms on opposite sides of the apartment, an ideal setup for roommates or families. The building is configured with two units per floor, and both first-floor apartments enjoy private yard access, making them especially appealing. All units are equipped with central air conditioning, and the basement includes additional storage rooms as well as a coin-operated washer and dryer that are currently not accessible to tenants, leaving room for future income growth if made available. With a strong rent roll of $8,200 per month and minimal operating expenses, this property provides excellent cash flow. Another major highlight is the locationjust steps from major transportation to New York City and conveniently situated right off Kennedy Boulevard, offering tenants easy access to restaurants, shops, and daily conveniences. This combination of steady income, low expenses, and commuter-friendly location makes this property a rare investment find.
Listing Courtesy of HUDSON COUNTY / Gold Coast Office / Lorraine McAllister
$800,000 (USD)
Kearny Area Multi-Family Home
Active
699 Elm Street Kearny, NJ 07032
Bed
0 Baths
sqft
MLS# 25037384
Prime Mixed-Use Investment Opportunity in Kearny! Don’t miss this rare chance to own a fully operating bar with a valuable C liquor license and a 2-bedroom, 1-bath apartment above in the heart of Kearny, NJ. The property sits on a 25 x 90 lot and offers a commercial space on the first floor currently operating as an active neighborhood bar — providing immediate income potential. Upstairs, you’ll find a spacious apartment perfect for an owner-occupant, on-site manager, or additional rental income. A private yard adds extra appeal and versatility for outdoor use or future improvements. Conveniently located near major highways, public transportation, and local amenities, this property offers excellent visibility and foot traffic. Ideal for investors or owner-operators looking to expand their portfolio or step into an established business opportunity.