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Renovated Triplex with 3-Car Garage
For Sale
$850,000

163 Dewey St, Newark, NJ 07112

Renovated corner-lot multifamily home with a private balcony and garage parking.

Property SizeContact for details
Days on Market18

Property Features for 163 Dewey St

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multi Family Home
Net Operating Income $9,999

Additional Details

Multifamily Units 3

Building Details

Year Built 1928
Units 3
Listing Agency: Exit Platinum Realty
Listed By: Davon Crutchfield · License #404090
Source: Betterhomerealestate
Added: Aug 14 Changed: Aug 29 Last Checked: Aug 30 at 5:32PM

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 Exit Platinum Realty

Investment Insights

Based on property information with market context.

This renovated triplex is configured as a three-family home on a corner lot, with substantial living space across the property. Interior features include a spacious foyer serving the first-floor residence, while the second-floor unit provides two full bathrooms and access to a private balcony. A detached or integrated three-car garage is also included, providing on-site parking and additional utility for the property.

The property is located at 163 Dewey St in Newark City, New Jersey. It was built in 1928 and is offered strictly as-is. The buyer will be responsible for securing all certificates, inspections, and permits required for closing.

Key Highlights

  • Renovated three‑family property on a corner lot
  • Three‑car garage included
  • Second‑floor unit has two full bathrooms

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,830
Businesses Nearby

Demographics for 07112, NJ

29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Renovated corner-lot multifamily home with a private balcony and garage parking.
Where is this triplex located?
The property is located at 163 Dewey St Newark, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Renovated three‑family property on a corner lot; Three‑car garage included; Second‑floor unit has two full bathrooms
More about this property
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