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Renovated Three-Family Residence
For Sale
$619,000

118 Seymour Ave, Newark, NJ 07108

MULTI_FAMILY - Newark City, NJ

Lot Size0.06 Acres
Days on Market51

Property Features for 118 Seymour Ave

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 9
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 7, Bedroom 6, Basement, Bedroom 9, Bathroom 1, Bedroom 1, Bedroom 8
Interior features Carbon Monoxide Detector, Smoke Detector
Directions Clinton Ave To Seymour
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17835

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1907
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: KELLER WILLIAMS MID-TOWN DIRECT · Keller Williams Realty
Listed By: JOEL MILLER · License #408229
Added: Jun 10 Changed: Jul 28 Last Checked: Jul 30 at 5:06PM
MLS# 4033672

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This exceptionally maintained renovated three-family residence offers three units with the same layout, each featuring three bedrooms and one bathroom. Updates include refreshed kitchens, toilets, floors, and newly painted interiors throughout the units. In total, the property provides nine bedrooms and three bathrooms across all three apartments.

Each unit has separate utilities, which can help simplify ongoing management and support efficient individual tenant operations. The first-floor unit is currently vacant, providing flexibility for an owner-occupant or immediate rental readiness. The property is located in Newark City, near local shops, schools, transportation, and everyday amenities.

Key Highlights

  • Renovated three‑family residence built in 1907 with 3 identical units (each has 3 bedrooms and 1 bathroom)
  • Total layout includes 9 bedrooms and 3 bathrooms across all three units
  • All kitchens, toilets, and floors updated, with units freshly painted

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Nursing Home Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,152
Businesses Nearby

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Renovated three-family with three identical layouts, each offering three bedrooms and one bathroom.
Where is this triplex located?
The property is located at 118 Seymour Ave Newark, NJ.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Renovated three‑family residence built in 1907 with 3 identical units (each has 3 bedrooms and 1 bathroom); Total layout includes 9 bedrooms and 3 bathrooms across all three units; All kitchens, toilets, and floors updated, with units freshly painted
More about this property
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