Renovated Multi-Family Newark
134 Dewey St Newark, NJ 07112
MULTI_FAMILY - Newark City, NJ
Property size:
2,160 SFLot size:
0.06 Acres- Added:
- May 20, 2026
- Days on Market:
- 51
- Last Refresh:
- Jul 9 at 8:06 pm
Property Features for 134 Dewey St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1, Basement, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5
- Parking
- 1
- Standard status
- Pending
- Size
- 2,160 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8253
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1937
- Floors in Building
- 3
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing agent LUIS CRUZ License #394135 (973) 686-7777
Listing office REALTY ONE GROUP LEGEND 600 GETTY AVENUE SUITE 302, Wayne, NJ (973) 772-0660
Listing date May 20, 2026
MLS# 4028905
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This recently renovated 3-family property is located in the Weequahic section of Newark. The property contains a total of 6 bedrooms and 3 bathrooms. The layouts are spacious, offering living room and dining/family room options. The property is suitable for owner-occupants or those seeking rental income. The lot size is 0.06 acres and the property size is 2160 square feet. The property is near major highways, parks, shopping, restaurants, and public transportation.
Key Highlights
- Recently renovated 3‑family property with 6 bedrooms and 3 bathrooms
- Includes multiple living areas with living room and dining/family room options
- Basement included
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.0k | $25.44 |
| − Vacancy | −$2.7k | −$1.23 |
| EGI | $52.3k | $24.21 |
| − OpEx | −$15.7k | −$7.26 |
| NOI | $36.6k | $16.95 |
2,160 SF · lease $25.44/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$522.9K
$457.6K – $610.1K
NOI $36,604 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$477.4K
$417.7K – $556.9K
NOI $33,416 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$765.3K
$669.7K – $892.9K
NOI $53,572 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Recently renovated 3-family property in Newark's Weequahic section.
Where is this triplex located?
The property is located at 134 Dewey St Newark, NJ.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Recently renovated 3‑family property with 6 bedrooms and 3 bathrooms; Includes multiple living areas with living room and dining/family room options; Basement included
