3-Unit Triplex with
149 Bellair Pl, Newark, NJ 07104
For Sale
$895,000
Each residence has dedicated in-unit laundry, with additional outdoor space including a balcony and stone patio.
Property Size4,514 SF
Price / SF$198.27
Days on Market88
Property Features for 149 Bellair Pl
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Net Operating Income
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
in-unit laundry
stone patio
Storm Door(s)
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Epique Realty
(888) 393-3537
Listed By:
Hector Perez · License #303642
(866) 201-6210
Source:
Arcadiarealtors
Added: Aug 14
Changed: Nov 8
Last Checked: Nov 8 at 8:51AM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This 2013 triplex contains approximately 4,514 square feet across three levels, with a total of 8 bedrooms and 6 full bathrooms. The ground-floor residence has 2 bedrooms and 2 bathrooms; each upper-floor residence has 3 bedrooms and 2 bathrooms. All three units include in-unit laundry, and one of the upper residences also has a private front balcony. One unit is owner-occupied, while the other two are tenant-occupied.
The property includes a 2-car garage and a 2-car driveway for off-street parking. A stone patio occupies part of the rear yard.
The property includes a 2-car garage and a 2-car driveway for off-street parking. A stone patio occupies part of the rear yard.
Key Highlights
- Three‑unit property with approximately 4,514 sq ft of living space
- 8 bedrooms and 6 full bathrooms across three levels
- Ground‑floor unit: 2 bedrooms, 2 full bathrooms and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,855
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,537,100
$1.5M
Cap Rate 7%
$1,097,929
$1.1M
Cap Rate 9%
$853,944
$853.9K
Market Conditions
NOI Build-Up for 4,514 SF
Gross rent
$115.4K $25.56/SF
− Vacancy
−$5.6K −$1.24/SF
EGI
$109.8K $24.32/SF
− OpEx
−$32.9K −$7.30/SF
NOI
$76.9K $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%
$1,537,100
Cap Rate 7%
$1,097,929
Cap Rate 9%
$853,944
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$960.7K – $1.28M
NOI $76,855 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$1.01M
$883.5K – $1.18M
NOI $70,682 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,949 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
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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
$337,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Newark, NJ
Properties on Market for Triplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has dedicated in-unit laundry, with additional outdoor space including a balcony and stone patio.
Where is this triplex located?
The property is located at 149 Bellair Pl Newark, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three‑unit property with approximately 4,514 sq ft of living space; 8 bedrooms and 6 full bathrooms across three levels; Ground‑floor unit: 2 bedrooms, 2 full bathrooms and in‑unit laundry
