Top-Bottom Two-Family
45 Ogden St Newark, NJ 07104
45 Ogden St, Newark, NJ, 07104
$499,000
Pending
For Sale
$499,000
Pending
MULTI_FAMILY - Newark City, NJ
Property Size1,936 SF
Lot Size0.06 Acres
Days on Market79
Property Features for 45 Ogden St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Basement, Bedroom 3
- Patio and Porch features
- Deck, Patio
- Interior features
- Blinds, Carbon Monoxide Detector, Drapes, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
- Exterior features
- Curbs, Deck, Patio
- Standard status
- Pending
- Size
- 1,936 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5026
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1897
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
STAR REAL ESTATE AGENCY
(201) 997-7900
Listed by
RACHEL DEANNA MILITO
(201) 321-3220
Added: May 5 Updated: Jul 19 at 2:16PM Checked: Jul 22 at 4:06AM
MLS# 4025523
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 top/bottom two-family residence offers two self-contained units with separate living layouts. Unit 1 features an eat-in kitchen, living area, two bedrooms, a bath, and backdoor access to the backyard. Unit 2 includes an eat-in kitchen, dining and living areas, two bedrooms, a bath, and a back foyer with an exterior exit to the backyard. The property also includes a full unfinished basement with washer/dryer hookups, utilities, and a garage entrance, along with a one-car garage. Interior finishes include hardwood floors and tiling throughout. Central A/C and forced hot air support heating and cooling, with windows updated around 2010 and additional major systems, including A/C, furnace, and kitchens, completed around 2010.
Located in Newark City, Essex County, the home is described as overlooking the Passaic River with sunrise views. Tenant-paid utilities are listed as gas and electric, while the owner pays water and sewer.
For investors or owner-occupants seeking a straightforward duplex format, the property provides two-bedroom units with practical backyard access from both levels and dedicated unit functionality. The full unfinished basement offers storage and flexible utility space, while the garage entrance supports day-to-day convenience. Updated windows and key systems can help reduce near-term replacement concerns relative to older housing stock.
Located in Newark City, Essex County, the home is described as overlooking the Passaic River with sunrise views. Tenant-paid utilities are listed as gas and electric, while the owner pays water and sewer.
For investors or owner-occupants seeking a straightforward duplex format, the property provides two-bedroom units with practical backyard access from both levels and dedicated unit functionality. The full unfinished basement offers storage and flexible utility space, while the garage entrance supports day-to-day convenience. Updated windows and key systems can help reduce near-term replacement concerns relative to older housing stock.
Key Highlights
- Top/bottom 2‑family home in Newark, NJ with views overlooking the Passaic River
- Each unit offers eat‑in kitchen, living area, 2 bedrooms, and a bath, with backdoor/foyer access to the backyard
- Full, unfinished basement with washer/dryer hookups and garage entrance; includes utilities
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 | $49.5k | $25.56 |
| − Vacancy | −$2.4k | −$1.24 |
| EGI | $47.1k | $24.32 |
| − OpEx | −$14.1k | −$7.30 |
| NOI | $33.0k | $17.03 |
1,936 SF · lease $25.56/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$470.9K
$412.0K – $549.4K
NOI $32,962 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$433.1K
$378.9K – $505.3K
NOI $30,315 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$612.4K
$535.8K – $714.5K
NOI $42,867 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units with updated systems and in-unit outdoor access, supported by a full unfinished basement and garage.
Where is this duplex located?
The property is located at 45 Ogden St Newark, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Top/bottom 2‑family home in Newark, NJ with views overlooking the Passaic River; Each unit offers eat‑in kitchen, living area, 2 bedrooms, and a bath, with backdoor/foyer access to the backyard; Full, unfinished basement with washer/dryer hookups and garage entrance; includes utilities
