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    133 Mapes 3 Newark, NJ 07112

    For Sale
    $689,000

    Turnkey, renovated 3-family property near transportation and universities.

    Lot size:
    0.08 Acres

    Property Features for 133 Mapes 3

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    9999

    Source: NIGITO REAL ESTATE LLC Agent JANETHE CRUZ-TORO

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

    Overview

    Renovated Newark Triplex For Sale

    This renovated triplex, updated in 2024, is fully occupied with month-to-month leases, offering immediate income. It is suitable for investors seeking a rental property or for owner-occupancy. The property provides access to Newark Liberty International Airport, hospitals, Newark Penn Station, Rutgers University, and NJIT. The location allows for commutes to New York City.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2114
    Latitude
    40.7108

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    FAQs

    What type of property is this?
    Triplex - Turnkey, renovated 3-family property near transportation and universities.
    Where is this triplex located?
    The property is located at 133 Mapes 3 Newark, NJ.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: - Renovated in 2024, offering modern upgrades and appeal; - Fully occupied with month-to-month leases, providing immediate income; - Ideal for investment or owner-occupancy
    (201) 261-2100
    Request Owner's contact information
    133 Mapes 3 Newark, NJ 07112
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    Newark, NJ 07112
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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
    133 Mapes 3 Newark, NJ 07112
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