Search
Renovated Triplex with Vacant Unit
New
For Sale
$620,000

118 Seymour Ave, Newark, NJ 07108

MULTI_FAMILY - Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market4

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 5, Bedroom 3, Bathroom 2, Bedroom 8, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 7, Basement, Bedroom 6, Bedroom 9, Bedroom 1
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 Last Checked: Aug 9 at 10:06PM
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 similarly configured apartments, each with 3 bedrooms and 1 bathroom. Improvements include updated kitchens, bathrooms, flooring, and fresh paint throughout. The first-floor residence is vacant, while all three units are served by separate utilities for straightforward operational separation. Forced-air heating, a shingle roof, public water, and public sewer support the property’s existing setup. Built in 1907, the residence occupies a 0.06-acre lot in Newark City. Shops, schools, transportation, and other local amenities are located nearby. The layout provides a total of 9 bedrooms and 3 bathrooms across the building.

Key Highlights

  • Three‑unit property with 3 bedrooms and 1 bathroom in each apartment
  • Total configuration includes 9 bedrooms and 3 bathrooms
  • First‑floor unit is vacant

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - Three matching apartments offer nine bedrooms, three bathrooms, and separate utility service.
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 3 bedrooms and 1 bathroom in each apartment; Total configuration includes 9 bedrooms and 3 bathrooms; First‑floor unit is vacant
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message