149 Union St Newark, NJ 07105
MULTI_FAMILY - Newark City, NJ
Property Features for 149 Union St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 2, Basement, Bedroom 5
- Standard status
- Pending
- Size
- 3,312 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8997
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1896
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing agent MORGAN COUTO (201) 997-7860
Listing office NENO-ROSA AGENCY 551-553 KEARNY AVE, NJ (201) 997-7860
Listing date Nov 20, 2025
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.
The property is located in Newark City, in Essex County, at 149 Union St. Public remarks indicate it is about a five-minute walk from Newark-Penn Station, with access to NJ Transit, PATH, Amtrak, and multiple bus lines for regional commuting.
The property is being sold strictly AS-IS.
Key Highlights
- Solid brick 3‑family property with 7 bedrooms and 3 full bathrooms
- Each of the three units features 2 bedrooms and 1 full bathroom
- Year built 1896; roof type: shingle
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.5k | $25.20 |
| − Vacancy | −$4.0k | −$1.22 |
| EGI | $79.4k | $23.98 |
| − OpEx | −$23.8k | −$7.19 |
| NOI | $55.6k | $16.79 |
