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Triplex with Partially Finished Basement
For Sale
$869,000

83 New York Ave, Newark, NJ 07105

Three-family residence with flexible room layouts, basement recreation space, and a backyard vegetable garden.

Property SizeContact for details
Days on Market16

Property Features for 83 New York Ave

General Information

Standard status Active
Property subtype Multi Family

Units

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

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $11,525

Amenities

vegetable garden
laundry hook ups
rec rooms

Building Details

Year Built 1900
Stories 3
Units 3
Listing Agency: Exit Realty Lucky Associates
Listed By: MARILENE OLIVEIRA
Source: Elliman
Added: Aug 14 Changed: Aug 25 Last Checked: Aug 29 at 11:25AM

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 Exit Realty Lucky Associates

Investment Insights

Based on property information with market context.

This three-family residence, built in 1900, offers separate living areas arranged across the first, second, and third floors. The first floor includes two bedrooms, a living room, eat-in kitchen, and full bathroom. The upper levels provide bedrooms, an office or recreation room, living rooms, eat-in kitchens, and full bathrooms. The basement is partially finished with three recreation rooms, laundry hookups, and another full bathroom.

Outdoor space includes a backyard vegetable garden. The property is positioned in a highly walkable setting, with a Walk Score of 93 and a Transit Score of 83. Its Bike Score is 55, reflecting a bikeable area.

Key Highlights

  • Three‑family residence built in 1900
  • First floor includes 2 bedrooms, living room, eat‑in kitchen, and full bath
  • Upper floors include bedrooms, office or recreation room, living rooms, kitchens, and full baths

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Veterinary Clinic Nursing Home (Bike/Boat/Book/etc) Store Buffet Tanning Salon Locksmith

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

4,991
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
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?
Triplex - Three-family residence with flexible room layouts, basement recreation space, and a backyard vegetable garden.
Where is this triplex located?
The property is located at 83 New York Ave Newark, NJ.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Three‑family residence built in 1900; First floor includes 2 bedrooms, living room, eat‑in kitchen, and full bath; Upper floors include bedrooms, office or recreation room, living rooms, kitchens, and full baths
More about this property
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