Listing Agency: AUCTIONADVISORS Show Phone

Listed By: OREN KLEIN

Source: Corcoran

Added: Jun 16 Changed: Aug 25 Last Checked: Aug 24 at 8:08AM

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Investment Insights

Based on property information with market context.

This property is a multifamily apartment building with a total of seven units. It is offered for sale and is described as residential income space.

The property is located at 146 Wakeman Ave in Newark, New Jersey.

With seven units in place, the building presents a straightforward residential income configuration for prospective buyers.

Key Highlights

• Multifamily apartment building with 7 units
• Seven‑unit property available for sale

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic Acupuncture Law Firm Veterinary Clinic

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

7

Residential units

Location Intelligence

Trade Area within ½ mile

1,281

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment building offering seven units, available for sale.

Where is this apartment building located?

The property is located at 146 Wakeman Ave Newark, NJ.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Multifamily apartment building with 7 units; Seven‑unit property available for sale