Updated Two-Family
For Sale
$625,000
132 Court Street, Newark, NJ 07103
Two distinct unit layouts pair refreshed interiors with options for rental use or owner occupancy.
Property Size2,603 SF
Price / SF$240.11
Days on Market14
Property Features for 132 Court Street
General Information
Standard status
Active
Size
2,603 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1915
Listing Agency:
RE/MAX On the Move Realty
Listed By:
Ahron Gordon · License #1967620
(732) 901-0701
Source:
Actionplusrealty
Added: Oct 9
Changed: Oct 21
Last Checked: Oct 20 at 11:41PM
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 RE/MAX On the Move Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,603-SF duplex in Newark contains two units. One has 2 bedrooms and 1 full bathroom; the other has 3 bedrooms and 2 full bathrooms. Both feature new kitchens, renovated bathrooms, new flooring, and fresh paint. The property was built in 1915.
Key Highlights
- Two‑unit duplex totaling 2,603 SF
- One unit has 2 bedrooms and 1 full bathroom
- Second unit includes 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,017
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,340
$1.0M
Cap Rate 7%
$743,100
$743.1K
Cap Rate 9%
$577,967
$578.0K
Market Conditions
NOI Build-Up for 2,603 SF
Gross rent
$78.1K $30.00/SF
− Vacancy
−$3.8K −$1.45/SF
EGI
$74.3K $28.55/SF
− OpEx
−$22.3K −$8.56/SF
NOI
$52.0K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,340
Cap Rate 7%
$743,100
Cap Rate 9%
$577,967
Alternative Uses
Best Use
Multifamily LT 5
$743.1K
$650.2K – $867.0K
NOI $52,017 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$675.4K
$591.0K – $788.0K
NOI $47,281 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$931.0K
$814.6K – $1.09M
NOI $65,171 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct unit layouts pair refreshed interiors with options for rental use or owner occupancy.
Where is this duplex located?
The property is located at 132 Court Street Newark, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,603 SF; One unit has 2 bedrooms and 1 full bathroom; Second unit includes 3 bedrooms and 2 full bathrooms
