Brick Triplex Near
For Sale
$849,000
Pending
149 Union St, Newark, NJ 07105
Multi-Family, 3-Three Story, Newark City, NJ
Property Size3,312 SF
Lot Size0.05 Acres
Days on Market329
Property Features for 149 Union St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
Directions
Elm to Union st
Standard status
Pending
Size
3,312 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8997
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1896
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
NENO-ROSA AGENCY
Listed By:
MORGAN COUTO · License #1013312
(201) 997-7860
Added: Nov 20, 2025
Changed: Sep 12
Last Checked: Oct 15 at 9:06AM
MLS# 3998791
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,312-square-foot triplex contains three residential units, each arranged with two bedrooms, one full bathroom, and bright living areas. The 1896 building has brick construction, a basement, a shingle roof, public water, and public sewer. The property is being sold strictly AS-IS.
The building is approximately a five-minute walk from Newark-Penn Station, with access to NJ Transit, PATH, Amtrak, and multiple bus lines. Its Newark setting provides direct transit connectivity toward New York City and surrounding areas. The 0.05-acre property is located at 149 Union St, Newark City, NJ 07105-1314.
The building is approximately a five-minute walk from Newark-Penn Station, with access to NJ Transit, PATH, Amtrak, and multiple bus lines. Its Newark setting provides direct transit connectivity toward New York City and surrounding areas. The 0.05-acre property is located at 149 Union St, Newark City, NJ 07105-1314.
Key Highlights
- 3,312‑square‑foot triplex with three residential units
- Each unit includes 2 bedrooms and 1 full bathroom
- Brick construction dating to 1896
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,596
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,920
$1.1M
Cap Rate 7%
$794,229
$794.2K
Cap Rate 9%
$617,733
$617.7K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$83.5K $25.20/SF
− Vacancy
−$4.0K −$1.22/SF
EGI
$79.4K $23.98/SF
− OpEx
−$23.8K −$7.19/SF
NOI
$55.6K $16.79/SF
Area
ZIP 07105
Vacancy
4.84%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,920
Cap Rate 7%
$794,229
Cap Rate 9%
$617,733
Alternative Uses
Best Use
Multifamily LT 5
$794.2K
$695.0K – $926.6K
NOI $55,596 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$726.1K
$635.3K – $847.1K
NOI $50,824 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,922 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,988
Businesses Nearby
Explore this area
Business Placement
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
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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?
Triplex - Three residential units feature two-bedroom layouts, one full bathroom each, and bright living areas within a durable brick structure.
Where is this triplex located?
The property is located at 149 Union St Newark, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 3,312‑square‑foot triplex with three residential units; Each unit includes 2 bedrooms and 1 full bathroom; Brick construction dating to 1896
