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Duplex with Finished Basement
New
For Sale
$799,900

109 Palm St, Newark, NJ 07106

Two-family property with hardwood flooring, balconies, and a vacant first-floor unit.

Property SizeContact for details
Days on Market7

Property Features for 109 Palm St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $9,953

Amenities

central air
forced hot-air heating
hardwood floors
stainless-steel appliances
granite countertops
balconies
finished basement

Building Details

Year Built 2018
Buildings 1
Units 2
Listing Agency: RE/MAX SELECT
Listed By: ANTHONY TORRES
Source: Elliman
Added: Sep 2 Changed: Sep 3 Last Checked: Sep 7 at 9:39AM

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 RE/MAX SELECT

Investment Insights

Based on property information with market context.

Located at 109 Palm St in Newark, this two-family property was built in 2018 and includes 7 bedrooms, 5 full bathrooms, and a finished basement. The interior features hardwood floors, stainless-steel appliances, granite countertops, central air, and forced hot-air heating. Balconies add exterior space, while the 2-car built-in garage provides on-site parking.

The first floor is scheduled for delivery vacant, creating flexibility for an owner-occupant or investor. The property records a walk score of 81, a bike score of 50, and a transit score of 53, placing it in a Very Walkable area with Good Transit and Bikeable conditions.

Key Highlights

  • 2‑family property with 7 bedrooms and 5 full bathrooms
  • Finished basement adds usable interior space
  • Built in 2018

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,431
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
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?
Duplex - Two-family property with hardwood flooring, balconies, and a vacant first-floor unit.
Where is this duplex located?
The property is located at 109 Palm St Newark, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2‑family property with 7 bedrooms and 5 full bathrooms; Finished basement adds usable interior space; Built in 2018
More about this property
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