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Renovated 3-Unit Triplex
For Sale
$620,000

118 Seymour Ave, Newark, NJ 07108

Multi-Family, Triplex, Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market36

Property Features for 118 Seymour Ave

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 9
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 9, Bedroom 6, Bathroom 1, Bedroom 3, Basement, Bedroom 7, Bathroom 2, Bedroom 2
Directions Clinton Ave to Seymour Ave
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17835

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1907
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: KELLER WILLIAMS MID-TOWN DIRECT · Keller Williams Realty
Listed By: JOEL MILLER · License #408229
Added: Aug 6 Changed: Sep 1 Last Checked: Sep 10 at 8:06PM
MLS# 4045362

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 renovated triplex contains three matching residences, each arranged with three bedrooms and one bathroom, for a total of 9 bedrooms and 3 bathrooms. Kitchens, bathrooms, and flooring have been updated, and the interiors were freshly painted. Separate utilities serve each unit, while forced-air heating supports the property. The first-floor residence is vacant, allowing an owner-occupant to take possession while the other units remain available for income-producing use.

The property occupies 0.06 acres at 118 Seymour Ave in Newark City, NJ. Built in 1907, it has a shingle roof, public water, and public sewer. Shops, schools, transportation, and local amenities are located nearby.

Key Highlights

  • Three‑unit property with 9 bedrooms and 3 bathrooms total
  • Each residence has 3 bedrooms and 1 bathroom
  • First‑floor unit is currently vacant

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Nursing Home Veterinary 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.

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,152
Businesses Nearby

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three matching residences each offer three bedrooms, one bathroom, and separately metered utilities.
Where is this triplex located?
The property is located at 118 Seymour Ave Newark, NJ.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Three‑unit property with 9 bedrooms and 3 bathrooms total; Each residence has 3 bedrooms and 1 bathroom; First‑floor unit is currently vacant
More about this property
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