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Three-Family Triplex with Separate Utilities
New
For Sale
$1,149,900

138 Malvern St, Newark, NJ 07105

Built in 2006, the property offers separate utilities and convenient access to public transportation.

Property SizeContact for details
Days on Market4

Property Features for 138 Malvern St

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 1 x 3BR/1BA, 2 x 3BR/2BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $14,612

Building Details

Year Built 2006
Stories 3
Units 3
Listing Agency: NEW DIRECTION REALTY
Listed By: MARIO ESPADA · License #233591
Source: Elliman
Added: Sep 12 Changed: Sep 13 Last Checked: Sep 15 at 8:38AM

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 NEW DIRECTION REALTY

Investment Insights

Based on property information with market context.

This three-unit residential income property was built in 2006 and contains 9 bedrooms and 5 full baths. The first-floor residence includes 3 bedrooms and 1 bath, while the second- and third-floor residences each provide 3 bedrooms and 2 full baths. Separate utilities serve the units and support straightforward property management.

Located on Malvern St in Newark, the property is near public transportation, major highways, shopping, schools, restaurants, and daily services. Transit and walkability scores are 75 and 97, respectively, while the bike score is 64.

Key Highlights

  • Three‑unit property with 9 bedrooms and 5 full baths
  • First‑floor unit includes 3 bedrooms and 1 bath
  • Second- and third‑floor units each offer 3 bedrooms and 2 full baths

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Locksmith Restaurant Pet Grooming Service

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

3
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,122
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
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?
Triplex - Built in 2006, the property offers separate utilities and convenient access to public transportation.
Where is this triplex located?
The property is located at 138 Malvern St Newark, NJ.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: Three‑unit property with 9 bedrooms and 5 full baths; First‑floor unit includes 3 bedrooms and 1 bath; Second- and third‑floor units each offer 3 bedrooms and 2 full baths
More about this property
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