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Triplex With Renovated Basement and Separate Entrance
For Sale
$714,997

49-51 Parkview Ter, Newark, NJ 07112

MULTI_FAMILY - Newark City, NJ

Property SizeContact for details
Lot Size0.08 Acres
Days on Market105

Property Features for 49-51 Parkview Ter

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 7, Bathroom 3, Bathroom 2, Bedroom 2, Basement, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 6
Parking 2
Directions Please enter address in GPS
Standard status Active
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10197

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 2017
Floors in Building 3
Number of units 3
Roof type Composition
Architectural style Other
Listing Agency: KELLER WILLIAMS TEAM REALTY · Keller Williams Realty
Listed By: IVANNIA UGALDE
Added: Apr 29 Changed: Aug 6 Last Checked: Aug 11 at 9:06AM
MLS# 4024205

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.

Fully renovated triplex at 49-51 Parkview Ter offering a move-in ready setup and additional flexible living space. Built in 2017, the home includes a finished basement with its own separate entrance. The second floor features a spacious extra room that can support a dedicated home office, nursery, or a large walk-in closet. Public utilities include public water and public sewer, and the roof is composition.

The property is located in Newark City, NJ 07112 in Essex County, providing a city setting for residents who want an updated, ready-to-occupy layout. The home’s room configuration includes multiple bedrooms and bathrooms, along with the basement and extra second-floor room for added functionality.

With the finished basement and separate entrance, the layout supports a variety of day-to-day uses while keeping the overall home move-in ready.

Key Highlights

  • Built in 2017
  • Fully renovated and move‑in ready
  • Finished basement with its own separate entrance

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Dental Office Gym & Fitness Center

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,602
Businesses Nearby

Demographics for 07112, NJ

29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
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 - Renovated triplex built in 2017 with finished basement and separate entrance, plus public water and public sewer.
Where is this triplex located?
The property is located at 49-51 Parkview Ter Newark, NJ.
What is the asking price?
The asking price for this property is $714,997.
What are key features of this property?
This property features: Built in 2017; Fully renovated and move‑in ready; Finished basement with its own separate entrance
More about this property
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