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Legal Two-Family Duplex with Bonus Floor
For Sale
$500,000

123 Seymour Avenue, Newark, NJ 07108

MULTI_FAMILY - Newark, NJ

Property Size4,534 SF
Lot Size0.07 Acres
Price / SF$110.28
Days on Market143

Property Features for 123 Seymour Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bathroom 1, Bathroom 2, Basement
Patio and Porch features Porch
Interior features Unit 1(3 Bedrooms, Kitchen, 1 Bath, Living Room, See Remarks), Unit 2(), Unit 3(2 Bedrooms)
Exterior features Porch
Appliances Water Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator)
Elementary school district Newark City School District
Middle school district Newark City School District
High school district Newark City School District
Directions Home is located in the Clinton Hill Section of Newark off Clinton Ave.
Standard status Active
APN 1403024000000088
Size 4,534 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5412

Utilities

Sewer type Public Sewer
Cooling system Central Air
Water source Public

Building Details

Year built 1917
Floors in Building 3
Additional Structures See Remarks
Listing Agency: KELLER WILLIAMS ELITE REALTORS · Keller Williams Realty
Listed By: Shanae Hawkins
Added: Mar 20 Changed: Aug 1 Last Checked: Aug 9 at 11:06PM
MLS# 2612541R

Copyright © 2026 All Jersey MLS. 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 legal two-family duplex features a bonus floor and a spacious, three-level layout. The first floor is currently occupied by a tenant with lease expiration in June, and it offers a 3-bedroom, 1-bath configuration with a kitchen, living room, and gas water heater. The second floor is described as vacant, and includes a 2-bedroom, 1-bath unit with kitchen and living room areas. The third floor is also described as vacant and includes a 1-bedroom unit. Central air is provided, and the home includes a porch.

The property is on a small lot (0.0666 acres) with public water and public sewer. There is no driveway, and on-street parking is available. The home was built in 1917 and is described as having good bones but requiring some work, including an underground oil tank. The listing also notes the home is close to schools and transportation.

With its unit mix across the first, second, and third floors, the property can fit buyers seeking either an occupied unit plus vacancy above or a straightforward move-in option for the first-floor unit.

Key Highlights

  • Legal two‑family with a bonus floor across three levels
  • 1st floor is tenant‑occupied with lease expiration in June
  • Second floor vacant; third floor vacant

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

2
Residential units

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?
Duplex - First-floor tenant unit is leased through June, while the second and third floors are vacant in this three-level duplex.
Where is this duplex located?
The property is located at 123 Seymour Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Legal two‑family with a bonus floor across three levels; 1st floor is tenant‑occupied with lease expiration in June; Second floor vacant; third floor vacant
More about this property
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