New Multi-Family
420 18Th Ave Newark, NJ 07108
420 18Th Ave, Newark, NJ, 07108
$899,999
Pending
For Sale
$899,999
Pending
MULTI_FAMILY - Newark City, NJ
Property Size4,085 SF
Lot Size0.07 Acres
Days on Market97
Property Features for 420 18Th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 8, Bedroom 9, Bathroom 4, Bedroom 2, Bathroom 5, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Basement, Bathroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 7, Bathroom 1
- Standard status
- Pending
- Size
- 4,085 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1999
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
REALTY ONE GROUP LEGEND
(973) 772-0660
600 GETTY AVENUE SUITE 302, Wayne, NJ
Listed by
LUIS CRUZ · License #394135
(973) 686-7777
Added: Apr 16 Updated: Jul 13 at 5:33 am Checked: Jul 21 at 2:06 am
MLS# 4021314
Listing URL
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.
New construction multi-family property designed with modern finishes and quality craftsmanship. The layout provides 9 bedrooms and 6 bathrooms, along with a full basement for additional space.
Located at 420 18th Ave in Newark City, NJ (07108-1633), the property is described as conveniently near transportation, shopping, schools, parks, and major highways.
The buyer is responsible for all inspections, certifications, and approvals.
Located at 420 18th Ave in Newark City, NJ (07108-1633), the property is described as conveniently near transportation, shopping, schools, parks, and major highways.
The buyer is responsible for all inspections, certifications, and approvals.
Key Highlights
- New construction multi‑family home built in 2024
- 9 bedrooms and 6 bathrooms, plus a full basement
- Forced air heating with central air cooling
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 | $103.9k | $25.44 |
| − Vacancy | −$5.0k | −$1.23 |
| EGI | $98.9k | $24.21 |
| − OpEx | −$29.7k | −$7.26 |
| NOI | $69.2k | $16.95 |
4,085 SF · lease $25.44/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$988.9K
$865.3K – $1.15M
NOI $69,225 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$902.8K
$790.0K – $1.05M
NOI $63,197 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,316 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - New construction multi-family property with 9 bedrooms, 6 bathrooms, and a full basement.
Where is this triplex located?
The property is located at 420 18Th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: New construction multi‑family home built in 2024; 9 bedrooms and 6 bathrooms, plus a full basement; Forced air heating with central air cooling
