See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

9 Walnut St, Little Falls, NJ, 07424

4beds
2baths
0sqft
$689,000
--price/sqft
$5,129/moest. monthly cost
$205,160/yrincome needed

About This Home

Rare opportunity to own a 2-family investment property in the highly desirable Little Falls Twp. Conveniently located near downtown shops, restaurants, parks, public library, municipal offices, schools, NJ Transit train service, local bus transportation, and major highways, this property offers exceptional convenience and strong long-term rental appeal. This charming 3-story multifamily home features two spacious apartments, each offering an EIK, DR, LR, full bathroom, in-unit laundry, and U-2 1 BR with loft U-1 2 BR. The property retains its classic character while providing the modern conveniences today's tenants desire. The floor plans feature generous living and dining spaces, dedicated kitchens, and additional basement storage for first floor tenant. The building is equipped with separate gas and electric meters, separate boilers, and separate water heaters, providing ease of management and utility allocation. Both units enjoy front and rear access, and the property offers more than four off-street parking spaces located at the rear of the property. Currently tenant-occupied with leases in place, the first-floor unit has recently signed a one-year lease, while the second-floor unit is occupied on a month-to-month basis. This presents an excellent opportunity for investors seeking immediate cash flow with future flexibility. Opportunities like this in Little Falls are increasingly difficult to find so schedule your private showing today!

Getting Around

66
WalkingSomewhat Walkable
0
TransitVery Limited Transit
61
BikeBikeable

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Asphalt Shingle
  • Construction materials: See Remarks

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,Washer,Gas Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Bilco-Style Door

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • See Remarks,Bedrooms,Dining Room,Eat-in Kitchen,Family Room,Kitchen,Attic,Eat-In Kitchen,Rec Room

Heating & Cooling

  • Heating features: 2 Units,Radiators - Steam,Natural Gas
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 2505000990000000390000

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: See Remarks

Lot

  • Lot size: 5,662 sqft
  • Features: Level
  • Lot size dimensions: 45 x 130

Parking

  • Total spaces: 6
  • Parking features: 1 Car Width,Asphalt
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,483$41,796
Home Insurance *$156$1,872
Property Taxes $1,297$15,564
Electricity $193$2,318
Total$5,129$61,548
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$175,851/yr
40% on housing$153,870/yr
45% on housing$136,773/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07424$394
Passaic County$341

vs Homes Sold Last Month

Median $/sqft

ZIP 07424$400
Passaic County$345

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-24Listed for sale$689,000
2018-12-28Listing removed$1,490
2018-12-08Price change$1,490
2018-11-14Price change$1,550
2018-10-15Listed for rent$1,600
2018-07-14Listing removed$1,600
2018-06-20Listed for rent$1,600
2009-09-21Sold$330,000

For Sale by Agent

AgentMichael Hauck
BrokerageRealty Executives Exceptional

Similar Homes