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$1,599,000
40 Johnston Avenue, Kearny, NJ, 07032
MLS# 26032882
0.048 acres (2,075 sqft)
Lot Size
1920
Year Built
Commercial — Industrial
Property Type
Description
Excellent opportunity to own a 6-family multifamily investment property with strong income potential. The building features six residential units, including two 2-bedroom apartments and four 1-bedroom apartments. Two units are currently vacant, providing an immediate opportunity for an owner-occupant, investor, or buyer looking to renovate, lease, and maximize rental income. Each unit has separate utilities, helping streamline operating expenses and tenant responsibility. Great opportunity for a multifamily investor, rental property investor, value-add buyer, or portfolio investor seeking to add a 6-unit property to their portfolio. Convenient location with access to transportation, shopping, schools, and major roadways. Bring your vision and unlock the potential of this income-producing multifamily property!
Tax & Financial Information
| Annual Property Taxes | $18,980 (NJ Public Records) |
| Tax Assessment | $177,300 |
| Land Assessment | $28,000 |
| Original List Price | $1,699,900 |
| Listed | September 4, 2026 |
Listing Information
Listing Office: RE/MAX Professionals 1 — 973-450-4000
Listing Agent: Jorge Velasquez — 973-450-4000 — jvelasquez21@verizon.net
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 10/20/2026.
Total Monthly Cost
$11,878/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $319,800 | Loan: $1,279,200
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Kearny
NJ Transit Bus / HBLR
Harrison PATH
~2 mi from town center
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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Information deemed reliable but not guaranteed. Last date updated: 10/27/2026.
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Property listings provided by GardenState.ai through authorized access to NJMLS.
Brokerage: Better Homes and Gardens Real Estate Green Team — 293 Route 94, Vernon, NJ 07462
Real Estate Agent: Julio Reynoso
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