Triplex With Detached
New
For Sale
$885,000
63 S 7Th St, Newark, NJ 07107
MULTI_FAMILY - Newark City, NJ
Property Size3,475 SF
Lot Size0.06 Acres
Price / SF$254.68
Days on Market1
Property Features for 63 S 7Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bedroom 4, Bathroom 3, Basement, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 9, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 5
Parking
3
Interior features
Carbon Monoxide Detector, Smoke Detector, Wood Floors
Exterior features
Metal Fence
Fencing
Fenced
Lot features
Level Lot
Directions
South Orange Avenue to South 7th Street. Property on the left, between South Orange Ave and 13th Avenue. GPS friendly.
Standard status
Active
Size
3,475 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7438
Utilities
Sewer type
Public Sewer
Heating system
Steam, Hot Water(Heating), Other (Heating)
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Roof type
Rubber, Flat
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
KATHERINE MONCADA-TABORDA · License #1971660
(866) 201-6210
Added: Aug 5
Last Checked: Aug 5 at 2:06PM
MLS# 4044918
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 renovated triplex contains approximately 3,475 square feet of living space across three residential units. Each level provides three bedrooms, a living room, and a kitchen; bath counts vary by floor, with five full baths throughout the property. Hardwood floors and stainless steel appliances add durable interior finishes, while the full walkout basement includes a recreation room, sitting area, and additional full bath with private rear access.
Separate utilities support independent management of the units. A shared driveway serves a detached three-car garage, and the 0.06-acre parcel also includes fencing, a flat rubber roof, public water, and public sewer. Built in 1910, the property is in Newark’s West Side section near schools, shopping, public transportation, major highways, downtown Newark, and New York City.
Separate utilities support independent management of the units. A shared driveway serves a detached three-car garage, and the 0.06-acre parcel also includes fencing, a flat rubber roof, public water, and public sewer. Built in 1910, the property is in Newark’s West Side section near schools, shopping, public transportation, major highways, downtown Newark, and New York City.
Key Highlights
- Three‑unit property with approximately 3,475 square feet of living space
- Each residential unit includes three bedrooms, for nine bedrooms overall
- Five full baths, including one in the walkout basement
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 | $89.7k | $25.80 |
| − Vacancy | −$4.9k | −$1.42 |
| EGI | $84.7k | $24.38 |
| − OpEx | −$25.4k | −$7.31 |
| NOI | $59.3k | $17.07 |
3,475 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$847.2K
$741.3K – $988.5K
NOI $59,307 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$761.0K
$665.9K – $887.8K
NOI $53,269 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,159 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated three-unit residence with separate utilities, hardwood flooring, modern kitchens, and a full walkout basement.
Where is this triplex located?
The property is located at 63 S 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Three‑unit property with approximately 3,475 square feet of living space; Each residential unit includes three bedrooms, for nine bedrooms overall; Five full baths, including one in the walkout basement
