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Three-Unit Residential Triplex
For Sale
$555,000

109 S 12th St, Newark, NJ 07107

All three apartments are occupied; the owner covers heating, while residents pay their own gas and electric.

Property SizeContact for details
Days on Market16

Property Features for 109 S 12th St

General Information

Standard status Active
Property subtype Multi Family Home
Occupancy 100%

Site & Location

Neighborhood Fairmount
Highway Access Yes

Units

Unit Mix 3 x 3BR/1BA
Multifamily Units 3

Additional Details

Tenant in Place Yes

Building Details

Year Built 1915
Units 3
Listing Agency: Re/Max Professionals I
Listed By: Jorge Velasquez · License #259491
Source: Culturaunitedrealty
Added: Oct 9 Changed: Oct 23 Last Checked: Oct 23 at 5:03PM

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 Professionals I

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Investment Insights

Based on property information with market context.

This residential triplex contains three apartments, each with three bedrooms and one full bathroom, for a total of nine bedrooms and three full bathrooms. Built in 1915, the property is fully occupied. The owner pays for heat, and tenants are responsible for their gas and electric service.

The property is in Newark’s Central Ward, near major highways.

Key Highlights

  • Three apartments, each with 3 bedrooms and 1 full bathroom
  • Fully occupied
  • Owner pays heat; tenants pay gas and electric

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,364
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All three apartments are occupied; the owner covers heating, while residents pay their own gas and electric.
Where is this triplex located?
The property is located at 109 S 12th St Newark, NJ.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 1 full bathroom; Fully occupied; Owner pays heat; tenants pay gas and electric
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