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Updated Duplex with Vacant Unit
For Sale
$550,000

173 3Rd St, Newark, NJ 07107

Multi-Family, 3-Three Story, Newark City, NJ

Property SizeContact for details
Lot Size0.07 Acres
Days on Market41

Property Features for 173 3Rd St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Basement, Bathroom 3
Directions Orange St turn right on 3rd St drive up and property is on the right
Standard status Active
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7538

Utilities

Sewer type Public Sewer
Water source Public

Amenities

backyard

Building Details

Year built 1910
Floors in Building 3
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: RE/MAX PROFESSIONALS I · RE/MAX International
Listed By: ALAIN BEADE
Added: Jul 21 Changed: Aug 19 Last Checked: Aug 30 at 1:06AM
MLS# 4042172

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 updated duplex includes two residential units, with one currently vacant and ready for occupancy and the other leased to a tenant. The property includes five bedrooms, three bathrooms, a basement, and a backyard on a 25 x 114-foot lot measuring 0.07 acres. Public water and public sewer serve the property, which was built in 1910 and has a shingle roof.

The Newark City address is positioned just off Route 280, with access to major highways and NJ Transit connections toward New York City. Payne Tech High School, shopping, dining, and other local amenities are located nearby. The vacant unit provides immediate flexibility for an owner-occupant or a new lease, while the occupied unit remains in place.

Key Highlights

  • Two‑unit duplex with one vacant residence and one tenant‑occupied unit
  • Five bedrooms and three bathrooms
  • 25 x 114‑foot lot totaling 0.07 acres

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair Law Firm (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,441
Businesses Nearby

Demographics for 07107, NJ

41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two-unit property with one available residence and one occupied apartment, offering flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 173 3Rd St Newark, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with one vacant residence and one tenant‑occupied unit; Five bedrooms and three bathrooms; 25 x 114‑foot lot totaling 0.07 acres
More about this property
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