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Two-Family Home with Finished Basement
For Sale
Contact for pricing

656 N 5th Street, Newark, NJ 07107

The property has been converted from oil heating to natural gas.

Property SizeContact for details
Days on Market41

Property Features for 656 N 5th Street

General Information

Standard status Active
Property subtype Multi Family 2-4 Units

Additional Details

Public Transit Yes
Multifamily Units 2
Listing Agency: Weichert Realtors, Clifton
Listed By: Federico Sanchez
Source: Capmarkrealty
Added: Jul 24 Changed: Aug 28 Last Checked: Sep 1 at 2:43PM

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 Weichert Realtors, Clifton

Investment Insights

Based on property information with market context.

This two-family home in Newark includes a finished basement and is offered in its existing as-is condition. The layout may suit an owner-occupant or an investor seeking a residential property with rental-income potential.

Located at 656 N 5th Street, the property is near public transportation serving New York City, as well as local restaurants, shopping, and Branch Brook Park. The heating system has been converted from oil to natural gas. The seller believes an underground oil tank may remain on the property, an item to consider during due diligence.

Key Highlights

  • Two‑family home with a finished basement
  • Near public transportation serving New York City
  • Close to local restaurants, shopping, and Branch Brook Park

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Tech Support Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

1,212
Businesses Nearby

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

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 - The property has been converted from oil heating to natural gas.
Where is this duplex located?
The property is located at 656 N 5th Street Newark, NJ.
What are key features of this property?
This property features: Two‑family home with a finished basement; Near public transportation serving New York City; Close to local restaurants, shopping, and Branch Brook Park
More about this property
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