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Triplex Home with Finished Basement
For Sale
$650,000
Pending

42 Seymour Ave, Newark, NJ 07108

MULTI_FAMILY - Newark City, NJ

Property SizeContact for details
Lot Size0.07 Acres
Days on Market201

Property Features for 42 Seymour Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 9
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 8, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 7, Basement, Bedroom 9, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Interior features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
Directions Springfield to Avon ave to Seymour
Standard status Pending
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5213

Utilities

Sewer type Public Sewer
Heating system Baseboard, Hot Water(Heating)
Water source Public

Building Details

Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: EXIT PLATINUM REALTY · EXIT Realty
Listed By: ERICA CAMPBELL · License #268305
Added: Feb 10 Changed: Aug 18 Last Checked: Aug 30 at 2:06AM
MLS# 4009103

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.

Well-maintained triplex at 42 Seymour Ave, Newark City, NJ 07108. The property features three bedrooms in each unit, with a bonus room on the second and third floors. Each floor includes a spacious eat-in kitchen with pantries and abundant closet space, and hardwood floors run throughout the home. Additional interior space includes a full finished basement with a full bath and extra rooms for recreation, storage, or flexible use. The basement is heated with electric baseboard heat, and the home is equipped with three furnaces.

Recent exterior updates include replacement of the roof and gutters in July 2025. Utilities include public water and public sewer, and the home has a shingle roof. The property is near NJT bus lines and Newark Beth Israel Hospital, with Newark International Airport about 10 minutes away.

The home is delivered with two units vacant, providing flexibility for occupancy or rental. Sellers are targeting a closing by April 31.

Key Highlights

  • Three bedrooms in each unit plus bonus room on the second and third floors
  • Full finished basement with full bath and additional rooms, heated with electric baseboard heat
  • Spacious eat‑in kitchens on each floor with pantries and abundant closet space

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,260
Businesses Nearby

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Well-maintained triplex with eat-in kitchens, a heated finished basement, and three furnaces.
Where is this triplex located?
The property is located at 42 Seymour 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 bedrooms in each unit plus bonus room on the second and third floors; Full finished basement with full bath and additional rooms, heated with electric baseboard heat; Spacious eat‑in kitchens on each floor with pantries and abundant closet space
More about this property
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