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    438 S 11Th St Newark, NJ 07103

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    For Sale
    $989,000

    New construction multifamily property with three apartments and tax abatement.

    Lot size:
    0.06 Acres

    Property Features for 438 S 11Th St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    2025

    Source: ROSA AGENCY Agent SHAWN ROSA

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

    Overview

    New Construction Multifamily Property

    This is a newly constructed contemporary-style home offering 3,911 gross square feet of living space. The property includes a 2-car built-in garage and features central air conditioning. Oak flooring and ceramic tile are installed throughout the building. The layout comprises three apartments: a 2-bedroom, 1-bathroom unit on the ground level, a 3-bedroom, 2-bathroom unit on the second level, and another 3-bedroom, 2-bathroom unit on the third level. The property is eligible for a 5-year property tax abatement. The estimated date of occupancy is December 31, 2025. Floor plans are available.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2022415
    Latitude
    40.7383664

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    FAQs

    What type of property is this?
    Apartment building - New construction multifamily property with three apartments and tax abatement.
    Where is this apartment building located?
    The property is located at 438 S 11Th St Newark, NJ.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - Brand-new contemporary-style new construction home; - Eligible for 5-year property tax abatement; - Enjoy 3,911 sq ft of luxury living space
    (973) 751-1000
    Request Owner's contact information
    438 S 11Th St 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
    438 S 11Th St Newark, NJ 07103
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