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Three-Unit Property with Finished Basement
For Sale
$895,000

123-125 NEWMAN AVE, Bayonne, NJ 07002

Three residences offer two-bedroom layouts with living and formal dining rooms.

Property SizeContact for details
Days on Market9

Property Features for 123-125 NEWMAN AVE

General Information

Standard status Active
Property subtype 3 Family

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Additional Details

Public Transit Yes

Amenities

laundry room

Building Details

Buildings 1
Listing Agency: SERHANT NEW JERSEY LLC
Listed By: PATRICK SOUTHERN · License #0336749
Source: Propertiesbysouthern
Added: Aug 28 Changed: Sep 3 Last Checked: Sep 5 at 5:53AM

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 SERHANT NEW JERSEY LLC

Investment Insights

Based on property information with market context.

This three-family Bayonne property includes three separate residences, each arranged with 2 bedrooms, 1 full bath, a living room, and a formal dining room. Unit 1 provides access to a private backyard, while Unit 2 includes a balcony connected to the living room. A fully finished basement adds a full bath, laundry room, and flexible space suited to storage, recreation, or additional living use.

The property is located on Newman Ave in Bayonne’s Bergen Point section, near the Hudson-Bergen Light Rail and NJ Transit bus service. Shopping, restaurants, schools, Faber Park, and Veterans Park are also nearby, with access to Jersey City, Hoboken, and Manhattan. The configuration supports both rental ownership and an owner-occupant arrangement.

Key Highlights

  • Three‑family property with three 2‑bedroom, 1‑bath units
  • Finished basement includes a full bath, laundry room, and flexible additional space
  • Private backyard access from Unit 1

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Locksmith (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

873
Businesses Nearby

Demographics for 07002, NJ

71,686
Population
30,161
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
12,360
Density / Sq Mi
$81,285
Median Household Income
$51,157
Median Earnings
$1,593
Median Rent
$446,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three residences offer two-bedroom layouts with living and formal dining rooms.
Where is this triplex located?
The property is located at 123-125 NEWMAN AVE Bayonne, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three‑family property with three 2‑bedroom, 1‑bath units; Finished basement includes a full bath, laundry room, and flexible additional space; Private backyard access from Unit 1
More about this property
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