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Duplex with Finished Basement
New
For Sale
$799,900

109 Palm St, Newark, NJ 07106

Multi-Family, 3-Three Story, Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market3

Property Features for 109 Palm St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 5, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 4, Basement, Bedroom 1, Bedroom 7, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 3
Parking 2
Interior features Blinds, Carbon Monoxide Detector, Fire Extinguisher, Shades, Smoke Detector, Tile Floors, Walk-In Closet, Wood Floors
Exterior features Barbeque, FencVnyl
Fencing Fenced
Directions Use Google Maps
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9953

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Amenities

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

Building Details

Year built 2018
Floors in Building 3
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: RE/MAX SELECT · RE/MAX International
Listed By: ANTHONY TORRES
Added: Sep 1 Last Checked: Sep 3 at 5:06PM
MLS# 4049834

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 2018 duplex in Newark provides two residential units with a combined seven bedrooms and five full bathrooms. The property includes a finished basement, hardwood and tile flooring, walk-in closet space, stainless-steel appliances, granite countertops, and balconies. Central air conditioning and forced-air heating serve the home, while a two-car built-in garage provides enclosed parking. The first floor is scheduled for delivery vacant, creating flexibility for the next owner.

The property occupies 0.06 acres and is served by public water and public sewer. Additional features include a fenced exterior, shingle roofing, smoke and carbon monoxide detectors, and fire extinguishers.

Key Highlights

  • Two‑unit duplex 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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Built in 2018 with central air, forced-air heat, balconies, and a built-in garage.
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: Two‑unit duplex with 7 bedrooms and 5 full bathrooms; Finished basement adds usable interior space; Built in 2018
More about this property
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