Building Details

Year Built 1929

Stories 3

Listing Agency: Show Phone

Listed By: NEVILLE PARMAR Show Phone

Source: Evrealestate

Added: Jul 31 Changed: Aug 10 Last Checked: Aug 11 at 6:23AM

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Investment Insights

Based on property information with market context.

This residential income property at 120 Rose Terrace is a three-story building constructed in 1929. Interior features include baseboard heating powered by natural gas, along with unfinished areas that may support future configuration or completion work.

The property is located in Newark City, Essex County, New Jersey. Access directions reference the Garden State Parkway, I-78 E, Elizabeth Avenue, and Rose Terrace.

Key Highlights

• Three‑story residential income property
• Constructed in 1929
• Baseboard heating with natural gas

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Gym & Fitness Center

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

1,252

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - Built in 1929 with natural-gas baseboard heating and unfinished interior space.

Where is this residential income property located?

The property is located at 120 Rose Terrace Newark, NJ.

What is the asking price?

The asking price for this property is $659,248.

What are key features of this property?

This property features: Three‑story residential income property; Constructed in 1929; Baseboard heating with natural gas