Newark Triplex For
16 Monticello Avenue Newark, NJ 07106
16 Monticello Avenue, Newark, NJ, 07106
$539,900
For Sale
$539,900
Triplex property available in Newark, New Jersey.
Property Size1,000 SF
Price / SF$539.90
Days on Market199
Property Features for 16 Monticello Avenue
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Multi Family / 3-Three Story
Building Details
- Year Built
- 1930
Listing Agency
KELLER WILLIAMS - NJ METRO GROUP
(973) 783-7400
Listed by
JAMES EDGERTON · License #407500
(973) 783-7400
Source
Compass
Added: Dec 30, 2025 Checked: Jul 17 at 5:33 am
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 KELLER WILLIAMS - NJ METRO GROUP
Investment Insights
Based on property information with market context.
A multifamily property is available for sale. This property is a triplex located in Newark, New Jersey. The property has a size of 1000 square feet and is intended for use as a residential income property.
Key Highlights
- Triplex property - Ideal for investment or multi‑generational living.
- Located in Newark, New Jersey.
- Partially finished basement offers potential for additional living space or storage.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $26.40 |
| − Vacancy | −$1.7k | −$1.72 |
| EGI | $24.7k | $24.68 |
| − OpEx | −$7.4k | −$7.41 |
| NOI | $17.3k | $17.28 |
1,000 SF · lease $26.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.8K
$216.0K – $288.0K
NOI $17,279 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$215.8K
$188.8K – $251.8K
NOI $15,106 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$391.2K
$342.3K – $456.4K
NOI $27,384 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex property available in Newark, New Jersey.
Where is this triplex located?
The property is located at 16 Monticello Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Triplex property - Ideal for investment or multi‑generational living.; Located in Newark, New Jersey.; Partially finished basement offers potential for additional living space or storage.
