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Two-Unit Residential Income Property
New
For Sale
$550,000

164-166 Vermont Ave, Newark, NJ 07106

MULTI_FAMILY - Newark City, NJ

Lot Size0.10 Acres
Days on Market3

Property Features for 164-166 Vermont Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 4
Parking 4
Directions Google Maps
Standard status Active
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3003

Utilities

Sewer type Public Sewer
Heating system Steam, Other (Heating)
Cooling system Ceiling Fan(s)
Water source Public

Building Details

Year built 1932
Number of units 2
Listing Agency: KELLER WILLIAMS - NJ METRO GROUP · Keller Williams Realty
Listed By: BRENDAN DASILVA · License #299458
Added: Jul 29 Changed: Jul 31 Last Checked: Jul 31 at 9:06PM
MLS# 4043700

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.

164-166 Vermont Avenue is a well-maintained two-unit duplex featuring separate living arrangements on the same property. Each unit includes three bedrooms, one full bathroom, and a living area with a functional layout intended for everyday use.

The property is located in Newark City, Essex County, with convenient access to major highways and public transportation, along with nearby parks, shopping, and dining.

Offered as a versatile residential income property, it provides flexibility for a range of permitted uses based on the existing two separate units.

Key Highlights

  • Two‑unit property at 164‑166 Vermont Avenue, Newark, built in 1932
  • Each unit has 3 bedrooms and 1 full bathroom with a living area and functional layout
  • Heating: steam; cooling: ceiling fan(s)

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Acupuncture Cafe & Coffee Shop

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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,240
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
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?
Duplex - Well-maintained two-unit duplex with separate layouts, each offering three bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 164-166 Vermont Ave Newark, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit property at 164‑166 Vermont Avenue, Newark, built in 1932; Each unit has 3 bedrooms and 1 full bathroom with a living area and functional layout; Heating: steam; cooling: ceiling fan(s)
More about this property
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