Duplex with Unfinished Third
For Sale
$590,000
14 Triton Ter, Newark, NJ 07104
The two-family residence includes an unfinished upper level that adds potential living space.
Property Size2,700 SF
Price / SF$218.52
Days on Market96
Property Features for 14 Triton Ter
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi Family
Site & Location
Neighborhood
North Broadway
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,017
Building Details
Building Size
2,700 SF
Year Built
1897
Stories
3
Listing Agency:
REALTY ONE GROUP LIVING
Listed By:
SPRING FUNCHES-MIKELL
(201) 636-2280
Source:
Citywestrealestate
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 27 at 3:41AM
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 REALTY ONE GROUP LIVING
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Investment Insights
Based on property information with market context.
This two-family duplex in Newark contains 2,700 square feet and dates to 1897. Its third floor is unfinished, providing additional space in its current condition. The property is located in Newark’s North Newark neighborhood, near NJ Transit, major highways, and shopping.
Key Highlights
- Legal two‑family property
- 2,700 square feet of building area
- Unfinished third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,970
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,400
$919.4K
Cap Rate 7%
$656,714
$656.7K
Cap Rate 9%
$510,778
$510.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$69.0K $25.56/SF
− Vacancy
−$3.3K −$1.24/SF
EGI
$65.7K $24.32/SF
− OpEx
−$19.7K −$7.30/SF
NOI
$46.0K $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%
$919,400
Cap Rate 7%
$656,714
Cap Rate 9%
$510,778
Alternative Uses
Best Use
Multifamily LT 5
$656.7K
$574.6K – $766.2K
NOI $45,970 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$604.0K
$528.5K – $704.6K
NOI $42,278 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$854.0K
$747.3K – $996.4K
NOI $59,783 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,318
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence includes an unfinished upper level that adds potential living space.
Where is this duplex located?
The property is located at 14 Triton Ter Newark, NJ.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Legal two‑family property; 2,700 square feet of building area; Unfinished third floor
