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3-Unit Multifamily Property

119 Isabella Avenue, Newark, NJ 07106

For Sale
$699,500

All three residences are occupied, with rental activity already in place.

Property SizeContact for details
Days on Market32

Property Features for 119 Isabella Avenue

General Information

Standard status Active
Total Parking Spaces 7
Property subtype Multi Family 2-4
Occupancy 100%

Site & Location

Neighborhood Lower Vailsburg
Public Transit Yes

Additional Details

Multifamily Units 3
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $10,544

Building Details

Units 3
Listing Agency: Coldwell Banker, Ridgewood
Listed By: Maikol Puebla · License NJ #297129
Source: Vikkihealey
Added: Oct 9 Changed: Nov 7 Last Checked: Nov 9 at 4:45AM

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 Coldwell Banker, Ridgewood

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Investment Insights

Based on property information with market context.

This three-family property in Newark is fully rented, with all three residences occupied. Its multifamily configuration provides three separate residential units within one property.

The property is in the Lower Vailsburg neighborhood, near local shops, restaurants, grocery stores, and public transportation. Major roadways provide connections to nearby communities and destinations across Northern New Jersey.

Key Highlights

  • Three‑family property with all residences currently rented
  • Located in Newark’s Lower Vailsburg neighborhood
  • Near neighborhood shops, restaurants, grocery stores, and public transportation

Property Analytics

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,231
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value

Market

Average Price Trend$/SF for Triplexes in Newark, NJ

$364 Jul
$260 Aug
$262 Sep
$237 Oct

Properties on Market for Triplexes in Newark

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All three residences are occupied, with rental activity already in place.
Where is this triplex located?
The property is located at 119 Isabella Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $699,500.
What are key features of this property?
This property features: Three‑family property with all residences currently rented; Located in Newark’s Lower Vailsburg neighborhood; Near neighborhood shops, restaurants, grocery stores, and public transportation
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