Duplex with Finished
New
For Sale
$699,998
101 Highland Ave, Newark, NJ 07104
A separate-entry lower-level suite adds another finished living area to the property's two-unit layout.
Property Size3,370 SF
Price / SF$207.71
Days on Market7
Property Features for 101 Highland Ave
General Information
Standard status
Active
Size
3,370 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 4BR/3BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1910
Buildings
1
Listing Agency:
SIGNATURE REALTY NJ
Listed By:
KELLY ROBINSON
(973) 921-1111
Source:
Goldstandardrealty
Added: Oct 1
Last Checked: Oct 5 at 7:38PM
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 SIGNATURE REALTY NJ
Investment Insights
Based on property information with market context.
This 3,370-square-foot duplex, built in 1910, has two primary units and finished space on both the lower and upper levels. The first-floor unit includes 2 bedrooms, 2 full baths, an open living and dining area, and a kitchen. Its finished basement contains a 1-bedroom, 1-bath suite with a kitchenette and private entrance. The second-floor unit offers 4 bedrooms, 3 full baths, a living room, and an updated kitchen, along with access to a finished attic.
The property is on Highland Avenue in Newark's North Newark section, near universities, houses of worship, shops, restaurants, parks, and public transportation. The remarks also cite access to New York City, Brooklyn, and Staten Island.
The property is on Highland Avenue in Newark's North Newark section, near universities, houses of worship, shops, restaurants, parks, and public transportation. The remarks also cite access to New York City, Brooklyn, and Staten Island.
Key Highlights
- 3,370‑square‑foot, two‑family property built in 1910
- First‑floor unit has 2 bedrooms, 2 full baths, and open living and dining space
- Finished basement suite includes 1 bedroom, 1 bath, a kitchenette, and private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,378
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,560
$1.1M
Cap Rate 7%
$819,686
$819.7K
Cap Rate 9%
$637,533
$637.5K
Market Conditions
NOI Build-Up for 3,370 SF
Gross rent
$86.1K $25.56/SF
− Vacancy
−$4.2K −$1.24/SF
EGI
$82.0K $24.32/SF
− OpEx
−$24.6K −$7.30/SF
NOI
$57.4K $17.03/SF
Area
ZIP 07104
Vacancy
4.84%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,560
Cap Rate 7%
$819,686
Cap Rate 9%
$637,533
Alternative Uses
Best Use
Multifamily LT 5
$819.7K
$717.2K – $956.3K
NOI $57,378 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$753.8K
$659.6K – $879.5K
NOI $52,769 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.07M
$932.7K – $1.24M
NOI $74,618 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,780
Businesses Nearby
Explore this area
Business Placement
Demographics for 07104, NJ
54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A separate-entry lower-level suite adds another finished living area to the property's two-unit layout.
Where is this duplex located?
The property is located at 101 Highland Ave Newark, NJ.
What is the asking price?
The asking price for this property is $699,998.
What are key features of this property?
This property features: 3,370‑square‑foot, two‑family property built in 1910; First‑floor unit has 2 bedrooms, 2 full baths, and open living and dining space; Finished basement suite includes 1 bedroom, 1 bath, a kitchenette, and private entrance
