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Two-Unit Duplex with Attached Garage
New
For Sale
$649,900

197 N 5Th St, Newark, NJ 07107

Both residences have three bedrooms, eat-in kitchens, and separate flooring finishes.

Property SizeContact for details
Days on Market4

Property Features for 197 N 5Th St

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 3BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,186

Amenities

attached garage
private driveway
backyard

Building Details

Year Built 2001
Buildings 1
Units 2
Listed By: PINA PAGLIUCA
Source: Elliman
Added: Sep 24 Changed: Sep 26 Last Checked: Sep 26 at 9:45AM

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 PINA PAGLIUCA

Investment Insights

Based on property information with market context.

This two-unit duplex, built in 2001, provides a three-bedroom layout in each residence. Both units include eat-in kitchens; flooring differs between them, with wood in one and luxury vinyl and carpet in the other. An attached garage, private driveway, and backyard are also part of the property.

At 197 N 5th St in Newark, the property is near shopping, schools, public transportation, and major highways. Downtown Newark and New York City are accessible from this location. The Walk Score is 89, the Transit Score is 72, and the Bike Score is 40.

Key Highlights

  • Two units, each with three bedrooms
  • Built in 2001
  • Eat‑in kitchen in each residence

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Computer & Electronic Repair Locksmith Clothing & Fashion Store (Bike/Boat/Book/etc) Store

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,380
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
View Realmo Analytics

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 - Both residences have three bedrooms, eat-in kitchens, and separate flooring finishes.
Where is this duplex located?
The property is located at 197 N 5Th St Newark, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two units, each with three bedrooms; Built in 2001; Eat‑in kitchen in each residence
More about this property
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