Ground-Up Three-Unit
106 S 7Th St, Newark, NJ 07107
For Sale
$1,049,900
Pending
Ground-up triplex built in 2026 with six bathrooms and nine bedrooms, plus buyer-selected finishes during construction.
Property Size5,204 SF
Days on Market106
Property Features for 106 S 7Th St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Electric, Forced Air, Natural Gas
Gas Water Heater
Walk-In Closet(s)
Off Street
Triplex, Under/Over
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
JD FRANCES REALTY & G.R.
Listed By:
JEANMICHEL SERY · License NJ #282354
(862) 201-9086
Source:
Evrealestate
Added: Jul 27
Changed: Nov 3
Last Checked: Nov 8 at 6:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JD FRANCES REALTY & G.R.
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Investment Insights
Based on property information with market context.
This ground-up three-unit triplex is being built from the ground up with 5,204 SQ-FT of living space. Construction is underway as a new development, and the seller will allow the buyer(s) to pick finishes before construction is completed. The layout is designed as a three-family property with nine bedrooms and six bathrooms.
BikeScore is 50 (bikeable) and walkScore is 69 (somewhat walkable). transitScore is 61 (good transit).
Built in 2026, the property offers a fresh, modern configuration where finishes can be selected before completion, supporting both owner-occupant and rental uses common to a three-family asset.
BikeScore is 50 (bikeable) and walkScore is 69 (somewhat walkable). transitScore is 61 (good transit).
Built in 2026, the property offers a fresh, modern configuration where finishes can be selected before completion, supporting both owner-occupant and rental uses common to a three-family asset.
Key Highlights
- 5,204 SQ‑FT of living space in a ground‑up three‑unit triplex
- Built in 2026
- Seller allows buyer(s) to pick finishes before construction is completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,815
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,300
$1.8M
Cap Rate 7%
$1,268,786
$1.3M
Cap Rate 9%
$986,833
$986.8K
Market Conditions
NOI Build-Up for 5,204 SF
Gross rent
$134.3K $25.80/SF
− Vacancy
−$7.4K −$1.42/SF
EGI
$126.9K $24.38/SF
− OpEx
−$38.1K −$7.31/SF
NOI
$88.8K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,776,300
Cap Rate 7%
$1,268,786
Cap Rate 9%
$986,833
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,815 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$1.14M
$997.2K – $1.33M
NOI $79,773 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,506 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,662
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
$353,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Newark, NJ
Properties on Market for Triplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Ground-up triplex built in 2026 with six bathrooms and nine bedrooms, plus buyer-selected finishes during construction.
Where is this triplex located?
The property is located at 106 S 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $1,049,900.
What are key features of this property?
This property features: 5,204 SQ‑FT of living space in a ground‑up three‑unit triplex; Built in 2026; Seller allows buyer(s) to pick finishes before construction is completed
