Duplex With Two Three-Bedroom
For Sale
$525,000
150 Garside Street, Newark, NJ 07104
MULTI_FAMILY - Newark, NJ
Property Size2,456 SF
Lot Size0.06 Acres
Price / SF$213.76
Days on Market106
Property Features for 150 Garside Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 4, Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 5
Parking features
On Street
Basement
Full
Elementary school
Ivy Hill
High school
West Side
Directions
Blomfield Ave to Garside St
Subdivision
Newark
Standard status
Active
APN
14-00511-0000-00016
Size
2,456 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6246
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Real Broker, LLC- Fairfield
(855) 450-0442
Listed By:
John Natale · License #278939
(855) 450-0442
Added: May 12
Changed: Aug 7
Last Checked: Aug 25 at 5:06AM
MLS# 22613792
Copyright © 2026 More MLS. 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 duplex offers two three-bedroom units, each with its own full bath. The property was built in 1930 and includes a shingle roof, public water service, and public sewer.
The home is located at 150 Garside Street in Newark, NJ 07104, within Essex County. Parking is available on street.
Inside, the room mix includes multiple bedrooms and full bathrooms, along with a basement, supporting a straightforward two-unit residential layout.
The home is located at 150 Garside Street in Newark, NJ 07104, within Essex County. Parking is available on street.
Inside, the room mix includes multiple bedrooms and full bathrooms, along with a basement, supporting a straightforward two-unit residential layout.
Key Highlights
- Two three‑bedroom units in a duplex setup
- 0.06‑acre lot
- 2,456 SF building size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.96%
Second Best
Apartment 5plus
$549.4K
$480.7K – $641.0K
NOI $38,457 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$776.9K
$679.8K – $906.4K
NOI $54,381 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex featuring two three-bedroom units with public water and public sewer and on-street parking.
Where is this duplex located?
The property is located at 150 Garside Street Newark, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two three‑bedroom units in a duplex setup; 0.06‑acre lot; 2,456 SF building size
