Three-Unit Multifamily
For Sale
$795,000
114-116 Peck Avenue, Newark, NJ 07107
Legal three-family building with two occupied units and one vacant residence for flexible use.
Property SizeContact for details
Days on Market44
Property Features for 114-116 Peck Avenue
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Multi Family 2-4
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,865
Amenities
full basement
Building Details
Units
3
Listing Agency:
Weichert Realtors, Clifton
(973) 979-5152
Listed By:
Mary Griess · License #398741
(973) 979-5152
Source:
Betterhomerealestate
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 28 at 11:29AM
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 Weichert Realtors, Clifton
Investment Insights
Based on property information with market context.
This legal triplex contains three 3-bedroom residences, offering a straightforward multifamily configuration with separate unit-level occupancy. Two apartments are leased to long-term tenants, while the remaining apartment is vacant and available for occupancy or a new lease. A full basement provides additional storage and utility space, with room for a workshop or recreation area as permitted by the property’s configuration.
The property is located at 114-116 Peck Avenue in Newark, New Jersey, near schools, shopping, public transportation, and major highways. Its three-unit layout supports both traditional rental operations and an owner-occupant arrangement with additional residential income from the occupied apartments.
The property is located at 114-116 Peck Avenue in Newark, New Jersey, near schools, shopping, public transportation, and major highways. Its three-unit layout supports both traditional rental operations and an owner-occupant arrangement with additional residential income from the occupied apartments.
Key Highlights
- Three 3‑bedroom units in a legal triplex
- Two units occupied by long‑term tenants
- One vacant unit available for occupancy or leasing
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,395
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family building with two occupied units and one vacant residence for flexible use.
Where is this triplex located?
The property is located at 114-116 Peck Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three 3‑bedroom units in a legal triplex; Two units occupied by long‑term tenants; One vacant unit available for occupancy or leasing
