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Two-Unit Home with Finished Basement
New
For Sale
$920,000

116 Chapel St, Newark, NJ 07105

Two residential units offer hardwood flooring, ceramic tile, laundry facilities, garage parking, and additional driveway parking.

Property SizeContact for details
Days on Market4

Property Features for 116 Chapel St

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 2005
Listing Agency: SKY REALTY ASSOCIATES
Listed By: EDUARDO VIEGAS
Source: Luminancerealty
Added: Aug 30 Changed: Aug 31 Last Checked: Sep 1 at 10:25PM

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 SKY REALTY ASSOCIATES

Investment Insights

Based on property information with market context.

This duplex, built in 2005, provides two residential apartments with approximately 1,400 square feet each. The upper residence spans the first and second floors and includes six rooms, three bedrooms, and two bathrooms. The ground-floor apartment has four rooms and one bathroom. A finished basement adds usable interior space.

Interior features include hardwood floors, ceramic tile, and fresh paint. Laundry facilities are located on the ground floor. Exterior parking includes a one-car garage and two additional driveway spaces beneath a canopy. The backyard includes a block barbecue area with a canopy.

Key Highlights

  • Two apartments with approximately 1,400 square feet each
  • Upper residence includes 6 rooms, 3 bedrooms, and 2 baths
  • Ground‑floor apartment offers 4 rooms and 1 bathroom

Property Analytics

Current Use

Atipax Events Photography Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Florist Locksmith Nursing Home Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

850
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
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 residential units offer hardwood flooring, ceramic tile, laundry facilities, garage parking, and additional driveway parking.
Where is this duplex located?
The property is located at 116 Chapel St Newark, NJ.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Two apartments with approximately 1,400 square feet each; Upper residence includes 6 rooms, 3 bedrooms, and 2 baths; Ground‑floor apartment offers 4 rooms and 1 bathroom
More about this property
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