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Two-Family Duplex with 2-Car Garage
For Sale
$599,900
Pending

497 Clinton Pl, Newark, NJ 07112

Over/under two-family duplex with separate gas and electric meters, hardwood flooring upstairs, and a full-height basement.

Property SizeContact for details
Days on Market56

Property Features for 497 Clinton Pl

General Information

Standard status Pending
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $6,738

Building Details

Year Built 1967
Stories 2
Units 2
Tenancy Multi
Listing Agency: Millennium 21 Realty
Listed By: JAMES C. FINKEL
Source: Elliman
Added: Jul 9 Changed: Aug 31 Last Checked: Sep 1 at 9:26PM

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 Millennium 21 Realty

Investment Insights

Based on property information with market context.

This two-family over/under duplex offers two separate residences with a practical interior layout and multiple entry points. The first floor includes a living/dining combo, three bedrooms, and 1 1/2 baths, while the second floor offers a living/dining combo, three bedrooms, and one bath. Each unit has access from the front door, side door, or the garage.

Additional highlights include hardwood flooring upstairs, a full-height basement with interior stair access to both units, and separate gas and electric meters. The home also features an insulated garage door with an automatic opener, and a roof replacement noted as approximately 2016. The listing indicates central air conditioning can be added to the current system.

The property has been in the family since the 1950s.

Key Highlights

  • 2‑family over/under duplex built in 1967 with 3 bedrooms and 1.5 baths on the 1st floor and 3 bedrooms and 1 bath on the 2nd floor
  • Separate gas and electric meters for each unit
  • Hardwood flooring on the upstairs level

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,671
Businesses Nearby

Demographics for 07112, NJ

29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Over/under two-family duplex with separate gas and electric meters, hardwood flooring upstairs, and a full-height basement.
Where is this duplex located?
The property is located at 497 Clinton Pl Newark, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2‑family over/under duplex built in 1967 with 3 bedrooms and 1.5 baths on the 1st floor and 3 bedrooms and 1 bath on the 2nd floor; Separate gas and electric meters for each unit; Hardwood flooring on the upstairs level
More about this property
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