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    348 13Th Ave Newark, NJ 07103

    For Sale
    $649,000

    Triplex in Newark, NJ, offering income potential and flexibility.

    Lot size:
    0.06 Acres

    Property Features for 348 13Th Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1910

    Source: RE/MAX SIGNATURE HOMES Agent HEATHER CORRIGAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Triplex: Investment Opportunity

    This property offers flexibility and opportunity, suitable for living in one unit while renting out the other two, or renting all three for maximum income potential. The property is conveniently located close to amenities. It is a triplex, categorized as a multifamily and residential income property.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1972823
    Latitude
    40.7418982

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    FAQs

    What type of property is this?
    Triplex - Triplex in Newark, NJ, offering income potential and flexibility.
    Where is this triplex located?
    The property is located at 348 13Th Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - Multi-unit property offering flexibility to live in one unit and rent out the others.; - Potential for maximum rental income by renting out all three units.; - Convenient location close to essential amenities.
    (201) 660-9933
    Request Owner's contact information
    348 13Th Ave Newark, NJ 07103
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    Newark, NJ 07103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    348 13Th Ave Newark, NJ 07103
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