Two-Unit Duplex with
New
For Sale
$299,999
29 Kossuth St, Newark, NJ 07105
Multi-Family, 2-Two Story, Newark City, NJ
Property Size1,680 SF
Lot Size0.06 Acres
Price / SF$178.57
Days on Market5
Property Features for 29 Kossuth St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1
Elementary school
ANN ST
Middle school
EAST SIDE
High school
MALCOLM X
Directions
Delancy Street, RIGHT onto Stockton Street, LEFT onto Wilson Avenue, RIGHT onto Kossuth Street...29 Kossuth on your right
Standard status
Active
Size
1,680 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6882
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Baseboard, Forced Air, Hot Water(Heating)
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
KATHRYN FEDAK
(732) 318-9393
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 25 at 6:06AM
MLS# 4054176
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 two-unit duplex, built in 1910, contains 1,680 square feet on a 0.06-acre lot measuring 25 by 100 feet. The property includes four bedrooms, two bathrooms, a basement, and a combination of radiant, baseboard, hot water, and forced-air heating. Public water and public sewer serve the dwelling. The sale is strictly as-is, and renovations are required.
The property is located in Newark City’s North Ironbound area, approximately a 14-minute walk from Newark Penn Station. Nearby regional access includes Routes 1 and 9, Route 21, I-78, and the New Jersey Turnpike. Newark Liberty International Airport, Saint Michael’s and Beth Israel Medical Centers, Rutgers Newark Campus, NJIT, and Seton Hall University are also identified in the surrounding area.
The property is located in Newark City’s North Ironbound area, approximately a 14-minute walk from Newark Penn Station. Nearby regional access includes Routes 1 and 9, Route 21, I-78, and the New Jersey Turnpike. Newark Liberty International Airport, Saint Michael’s and Beth Israel Medical Centers, Rutgers Newark Campus, NJIT, and Seton Hall University are also identified in the surrounding area.
Key Highlights
- Two‑unit duplex on a 25 by 100‑foot lot
- 1,680 square feet on 0.06 acres
- Four bedrooms, two bathrooms, and a basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,780
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,600
$515.6K
Cap Rate 7%
$368,286
$368.3K
Cap Rate 9%
$286,444
$286.4K
Market Conditions
NOI Build-Up for 1,680 SF
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.
Gross rent
$49.4K $29.40/SF
− Vacancy
−$2.5K −$1.50/SF
EGI
$46.9K $27.90/SF
− OpEx
−$21.1K −$12.56/SF
NOI
$25.8K $15.35/SF
Area
ZIP 07105
Vacancy
5.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,600
Cap Rate 7%
$368,286
Cap Rate 9%
$286,444
Alternative Uses
Best Use
Multifamily LT 5
$402.9K
$352.5K – $470.0K
NOI $28,201 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$600.9K
$525.8K – $701.0K
NOI $42,062 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,720
Businesses Nearby
Explore this area
Business Placement
Demographics for 07105, NJ
50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property offered as-is with renovation needs, public utilities, and commuter access to Newark Penn Station.
Where is this duplex located?
The property is located at 29 Kossuth St Newark, NJ.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two‑unit duplex on a 25 by 100‑foot lot; 1,680 square feet on 0.06 acres; Four bedrooms, two bathrooms, and a basement
