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Renovated Three-Unit Triplex
New
For Sale
$620,000

118 Seymour Ave, Newark, NJ 07108

Three matching apartments offer updated interiors, separate utilities, and a vacant first-floor unit.

Property SizeContact for details
Days on Market4

Property Features for 118 Seymour Ave

General Information

Standard status Active
Property subtype Multi Family

Units

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

Taxes and HOA fees

Annual Taxes $17,835

Building Details

Year Built 1907
Units 3
Listing Agency:
Listed By: JOEL MILLER
Source: Elliman
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 10 at 3:43AM

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 JOEL MILLER

Investment Insights

Based on property information with market context.

This renovated triplex contains three apartments with matching layouts, each providing 3 bedrooms and 1 bathroom. Improvements include updated kitchens, bathrooms, and flooring, along with fresh interior paint. The property contains 9 bedrooms and 3 bathrooms overall, and each unit has separate utilities for independent service management.

The first-floor apartment is vacant, allowing immediate owner occupancy or leasing. Located at 118 Seymour Ave in Newark, the property is near shops, schools, transportation, and local amenities. WalkScore is 80, TransitScore is 59, and BikeScore is 41. The residence was built in 1907.

Key Highlights

  • Three‑unit triplex with 9 bedrooms and 3 bathrooms overall
  • Each apartment includes 3 bedrooms and 1 bathroom
  • Updated kitchens, bathrooms, flooring, and fresh interior paint

Property Analytics

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

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

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 apartments offer updated interiors, separate utilities, and a vacant first-floor unit.
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 triplex with 9 bedrooms and 3 bathrooms overall; Each apartment includes 3 bedrooms and 1 bathroom; Updated kitchens, bathrooms, flooring, and fresh interior paint
More about this property
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