Renovated Two-Unit
105-107 Hanford Street, Newark, NJ 07114
For Sale
New
$549,000
Multi-Family, Newark, NJ
Property Size2,940 SF
Lot Size0.08 Acres
Price / SF$186.73
Days on Market1
Property Features for 105-107 Hanford Street
General Information
Property type
Property subtype
Rooms
Elementary school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
C21 Thomson & Co.
Listed By:
Kyle Golden · License NJ #1646836
(732) 945-7035
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 22635870
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,940-square-foot duplex contains two residences: a three-bedroom, one-bathroom unit with an attic and a two-bedroom, one-bathroom unit. Interior finishes include hardwood flooring, granite countertops, and stainless steel appliances. The building dates to 1940 and sits on a 0.08-acre lot.
The property has forced-air heating, public water, and public sewer. A basement is also listed among the property’s rooms.
The property has forced-air heating, public water, and public sewer. A basement is also listed among the property’s rooms.
Key Highlights
- Two‑unit layout with one 3‑bedroom, 1‑bathroom residence and one 2‑bedroom, 1‑bathroom residence
- 2,940 square feet on a 0.08‑acre lot
- Hardwood floors, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,822
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,440
$996.4K
Cap Rate 7%
$711,743
$711.7K
Cap Rate 9%
$553,578
$553.6K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$74.8K $25.44/SF
− Vacancy
−$3.6K −$1.23/SF
EGI
$71.2K $24.21/SF
− OpEx
−$21.4K −$7.26/SF
NOI
$49.8K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,440
Cap Rate 7%
$711,743
Cap Rate 9%
$553,578
Alternative Uses
Best Use
Multifamily LT 5
$711.7K
$622.8K – $830.4K
NOI $49,822 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$649.8K
$568.6K – $758.1K
NOI $45,484 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$1.04M
$911.5K – $1.22M
NOI $72,918 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
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Business Placement
Demographics for 07114, NJ
17,767
Population
4,694
Households
3.8
Avg Household Size
39
Median Age
9%
College-Educated
69%
High-School Grad
7.9 sq mi
ZIP Area
2,249
Density / Sq Mi
$34,167
Median Household Income
$35,916
Median Earnings
$616
Median Rent
$384,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Newark, NJ
Properties on Market for Duplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two self-contained residences offer separate living arrangements and rental-income potential.
Where is this duplex located?
The property is located at 105-107 Hanford Street Newark, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑unit layout with one 3‑bedroom, 1‑bathroom residence and one 2‑bedroom, 1‑bathroom residence; 2,940 square feet on a 0.08‑acre lot; Hardwood floors, granite countertops, and stainless steel appliances
