Two-Unit Residential Income
For Sale
$575,000
Pending
343 7Th Ave W, Newark, NJ 07107
Two-family property with two separate 3-bedroom, 1-bath units, offering residential income potential.
Property SizeContact for details
Days on Market81
Property Features for 343 7Th Ave W
General Information
Standard status
Pending
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,702
Building Details
Year Built
1920
Units
2
Tenancy
Multi
Listing Agency:
Listed By:
PAULO SANTOS
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 21 at 1:01PM
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 PAULO SANTOS
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate units, and each unit includes 3 bedrooms and 1 full bath. The configuration supports day-to-day separate living for residents within the same building.
The property is located in Newark, NJ with convenient access to major transportation routes and public transit, plus nearby schools and parks. Walkability and transit metrics are listed as very walkable and good transit, respectively.
As presented, the building provides an owner-occupant option alongside rental revenue from the second unit. It is described as being in a neighborhood experiencing redevelopment and community growth.
The property is located in Newark, NJ with convenient access to major transportation routes and public transit, plus nearby schools and parks. Walkability and transit metrics are listed as very walkable and good transit, respectively.
As presented, the building provides an owner-occupant option alongside rental revenue from the second unit. It is described as being in a neighborhood experiencing redevelopment and community growth.
Key Highlights
- Two‑family property built in 1920
- Two separate units, each with 3 bedrooms and 1 full bath
- WalkScore 74 (very walkable), transitScore 56 (good transit), bikeScore 46 (somewhat bikeable)
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,441
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with two separate 3-bedroom, 1-bath units, offering residential income potential.
Where is this duplex located?
The property is located at 343 7Th Ave W Newark, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑family property built in 1920; Two separate units, each with 3 bedrooms and 1 full bath; WalkScore 74 (very walkable), transitScore 56 (good transit), bikeScore 46 (somewhat bikeable)
