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Two-Unit Duplex With Finished Basement
New
For Sale
$615,000

58 11Th Ave, Newark, NJ 07107

Maintained residential income property with two spacious units, separate utilities, storage, and flexible finished areas.

Property SizeContact for details
Days on Market2

Property Features for 58 11Th Ave

General Information

Standard status Active
Property subtype Multi Family

Units

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

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $5,686

Amenities

laundry area
balcony

Building Details

Year Built 1897
Units 2
Listing Agency: Compass
Listed By: CARLOS BELTRAN · License #301377
Source: Elliman
Added: Sep 9 Last Checked: Sep 9 at 4:19PM

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 Compass

Investment Insights

Based on property information with market context.

This two-unit duplex, built in 1897, includes 6 bedrooms across two residences and a fully finished basement with additional rooms and a separate entrance. The property also provides finished attic space, private balcony areas, laundry space, storage, and a mix of hardwood, vinyl, and tile flooring. Separate utilities support the dual-unit configuration.

Located at 58 11th Ave in Newark’s Fairmount neighborhood, the property has a Walk Score of 88, a Transit Score of 75, and a Bike Score of 52. The two residences offer flexible living arrangements within a single multifamily property, with additional finished areas extending beyond the primary unit layouts.

Key Highlights

  • Two‑unit duplex with 6 total bedrooms
  • Fully finished basement with additional rooms and separate entrance
  • Finished attic provides additional usable space

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store Veterinary Clinic Acupuncture

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

2,662
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Maintained residential income property with two spacious units, separate utilities, storage, and flexible finished areas.
Where is this duplex located?
The property is located at 58 11Th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑unit duplex with 6 total bedrooms; Fully finished basement with additional rooms and separate entrance; Finished attic provides additional usable space
More about this property
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