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Triplex With Full Basement
For Sale
$795,000

114 Peck Ave, Newark, NJ 07107

Legal multifamily residence with two occupied units and one vacant unit available for occupancy or leasing.

Property SizeContact for details
Days on Market46

Property Features for 114 Peck Ave

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 3BR
Multifamily Units 3

Building Details

Year Built 1925
Listing Agency: WEICHERT REALTORS
Listed By: Mary Griess · License #398741
Source: Gardenstatehomesearcher
Added: Jul 16 Changed: Aug 29 Last Checked: Aug 25 at 3:44AM

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

Investment Insights

Based on property information with market context.

The property at 114 Peck Ave is a legal three-family residence built in 1925. It contains three 3-bedroom units, with two currently occupied by long-term tenants and a third unit vacant for a future occupant or lease placement. A full basement adds substantial ancillary space for storage, a workshop, recreation, or future improvements.

The property is situated near schools, shopping, public transportation, and major highways in Newark. Its three-unit configuration provides an established multifamily layout with flexibility for an owner-occupant or continued rental use.

Key Highlights

  • Legal three‑family property at 114 Peck Ave, Newark City, NJ 07107
  • Three 3‑bedroom units in the building
  • Two units occupied by long‑term tenants

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Computer & Electronic Repair Parking Lot & Garage 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

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,395
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

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?
Triplex - Legal multifamily residence with two occupied units and one vacant unit available for occupancy or leasing.
Where is this triplex located?
The property is located at 114 Peck Ave 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: Legal three‑family property at 114 Peck Ave, Newark City, NJ 07107; Three 3‑bedroom units in the building; Two units occupied by long‑term tenants
More about this property
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