323 N 7Th St Newark, NJ 07107
MULTI_FAMILY - Newark City, NJ
Property Features for 323 N 7Th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Basement
- Parking
- 1
- Standard status
- Pending
- Size
- 1,876 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4749
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent DAVID ANTHONY GIRON (866) 201-6210
Listing office EXP REALTY, LLC 28 VALLEY ROAD #1, Montclair, NJ (866) 201-6210
Listing date Sep 3, 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, NJ, with proximity to local shops, schools, parks, and public transportation. Public remarks also note easy access to major highways and that downtown Newark is nearby.
The home is presented as well-maintained in the listing materials and offers a configuration suited to both owner-occupant and investor scenarios, depending on how an occupant plans to use the available units.
Key Highlights
- 1900‑built multi‑family home with 4 bedrooms and 3 bathrooms.
- Finished basement included.
- Public water supply and public sewer.
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 | $48.4k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $45.7k | $24.38 |
| − OpEx | −$13.7k | −$7.31 |
| NOI | $32.0k | $17.07 |
