Three-Unit Multifamily
For Sale
$650,000
196 Sussex Ave, Newark, NJ 07103
Multi-Family, Newark City, NJ
Property SizeContact for details
Lot Size0.07 Acres
Days on Market141
Property Features for 196 Sussex Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 7, Basement, Bedroom 5
Directions
Google Maps
Standard status
Active
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5566
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1887
Number of units
3
Listing Agency:
KELLER WILLIAMS - NJ METRO GROUP · Keller Williams Realty
(973) 783-7400
Listed By:
BRENDAN DASILVA · License #1753996
(862) 213-0008
Added: Apr 21
Changed: Sep 2
Last Checked: Sep 8 at 2:06AM
MLS# 4022177
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 three-unit multifamily property was built in 1887 and includes seven bedrooms and three bathrooms across its residential layout. A semi-finished basement adds another bathroom and can serve as storage or supplementary interior space. The second unit is vacant, while the remaining residences provide existing rental configuration for an owner-occupant or investor.
The property occupies 0.07 acres in Newark City, New Jersey. Public water and public sewer serve the site, with hot-water and baseboard heating systems. Its location is identified as 196 Sussex Ave in the 07103-4071 postal area.
The property occupies 0.07 acres in Newark City, New Jersey. Public water and public sewer serve the site, with hot-water and baseboard heating systems. Its location is identified as 196 Sussex Ave in the 07103-4071 postal area.
Key Highlights
- Three separate residential units
- Second unit is currently vacant
- Seven bedrooms and three bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include a vacant unit and a partially finished lower level with an additional bathroom.
Where is this triplex located?
The property is located at 196 Sussex Ave Newark, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three separate residential units; Second unit is currently vacant; Seven bedrooms and three bathrooms
