Two-Unit
For Sale
$495,000
150 Garside St, Newark, NJ 07104
Each residence provides three bedrooms and one full bathroom.
Property Size2,456 SF
Price / SF$201.55
Days on Market63
Property Features for 150 Garside St
General Information
Standard status
Active
Size
2,456 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
Real Broker, LLC
Listed By:
John Natale · License #790719
(855) 450-0442
Source:
Soldbypattie
Added: Aug 14
Changed: Oct 8
Last Checked: Oct 7 at 2:41PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1930-built duplex contains two residential units, with each unit configured with three bedrooms and one full bathroom. The property is located at 150 Garside St in Newark, New Jersey, within ZIP Code 07104.
The reported property size is 2,456, and the two-unit configuration provides a straightforward multifamily layout for residential occupancy.
The reported property size is 2,456, and the two-unit configuration provides a straightforward multifamily layout for residential occupancy.
Key Highlights
- Two residential units within one duplex property
- Each unit includes 3 bedrooms and 1 full bathroom
- 1930 construction year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,816
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,320
$836.3K
Cap Rate 7%
$597,371
$597.4K
Cap Rate 9%
$464,622
$464.6K
Market Conditions
NOI Build-Up for 2,456 SF
Gross rent
$62.8K $25.56/SF
− Vacancy
−$3.0K −$1.24/SF
EGI
$59.7K $24.32/SF
− OpEx
−$17.9K −$7.30/SF
NOI
$41.8K $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%
$836,320
Cap Rate 7%
$597,371
Cap Rate 9%
$464,622
Alternative Uses
Best Use
Multifamily LT 5
$597.4K
$522.7K – $696.9K
NOI $41,816 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$549.4K
$480.7K – $641.0K
NOI $38,457 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$776.9K
$679.8K – $906.4K
NOI $54,381 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,763
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence provides three bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 150 Garside St Newark, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two residential units within one duplex property; Each unit includes 3 bedrooms and 1 full bathroom; 1930 construction year
