Newly Renovated Triplex with 3
For Sale
$650,000
Pending
56 Columbia Ave, Newark, NJ 07106
Newly renovated triplex with separate utilities, fully rented units, and multiple lease terms including month-to-month space.
Property SizeContact for details
Days on Market66
Property Features for 56 Columbia Ave
General Information
Standard status
Pending
Property subtype
Multi Family
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,575
Building Details
Year Built
1910
Year Renovated
2024
Units
3
Listing Agency:
Elite Realtors of New Jersey
Listed By:
GLORIA DE CRUISE
(973) 994-9009
Source:
Elliman
Added: Jul 29
Changed: Sep 21
Last Checked: Oct 1 at 11:45AM
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 Elite Realtors of New Jersey
Investment Insights
Based on property information with market context.
Welcome to this newly renovated triplex (three-family) featuring a total of 6 bedrooms and 3 full bathrooms. The property was renovated in 2024, including new flooring. Separate utilities are in place for the three units, with 3 new boilers, 3 new hot water tanks, and 3 meters.
All units are fully rented. Units 2 and 3 are month to month, while Unit 1 has a lease that expires at the end of February 2027.
Built in 1910, this property provides a three-unit residential income configuration with updated mechanical systems and separate metering, supporting both owner-occupant and investor ownership strategies.
All units are fully rented. Units 2 and 3 are month to month, while Unit 1 has a lease that expires at the end of February 2027.
Built in 1910, this property provides a three-unit residential income configuration with updated mechanical systems and separate metering, supporting both owner-occupant and investor ownership strategies.
Key Highlights
- Three‑unit triplex with separate utilities
- Newly renovated in 2024 with new flooring
- Total 6 bedrooms and 3 full bathrooms across the property
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Newly renovated triplex with separate utilities, fully rented units, and multiple lease terms including month-to-month space.
Where is this triplex located?
The property is located at 56 Columbia Ave Newark, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑unit triplex with separate utilities; Newly renovated in 2024 with new flooring; Total 6 bedrooms and 3 full bathrooms across the property
