Three-Family Triplex with Driveway &
For Sale
$889,000
17 Stanton St, Newark, NJ 07114
MULTI_FAMILY - Newark City, NJ
Property Size4,500 SF
Lot Size0.09 Acres
Price / SF$197.56
Days on Market15
Property Features for 17 Stanton St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bedroom 8, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 7, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 6, Bathroom 1, Bedroom 2
Parking
2
Directions
Please use google maps.
Standard status
Active
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15112
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2018
Floors in Building
2
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
CARLIE CARREIRA
(866) 201-6210
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 11 at 4:06AM
MLS# 4043424
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.
This three-family triplex was built in 2018 and is described as being in excellent condition, with approximately 4,500 sq. ft. of modern living space. The property includes spacious layouts and an oversized-kitchen design. Central air and forced-air heating are in place, along with public water and public sewer service. The roof is shingled, and the listing notes all appliances are included. Parking includes a 2-3 car driveway plus a 2-car garage. One unit is vacant, offering immediate owner-occupancy or lease-up opportunity.
Located at 17 Stanton St in Newark, the property is described as being convenient to major highways, public transportation, Newark Penn Station, Newark Liberty International Airport, shopping, restaurants, and downtown Newark.
Overall, the configuration supports either an owner-occupant scenario or continued tenant occupancy, with the remaining units described as generating rental income.
Located at 17 Stanton St in Newark, the property is described as being convenient to major highways, public transportation, Newark Penn Station, Newark Liberty International Airport, shopping, restaurants, and downtown Newark.
Overall, the configuration supports either an owner-occupant scenario or continued tenant occupancy, with the remaining units described as generating rental income.
Key Highlights
- Built in 2018 three‑family triplex
- Approximately 4,500 sq. ft. of modern living space
- One unit is vacant for owner‑occupancy or lease‑up
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
$76,257
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
8.58%
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%
$1,525,140
$1.5M
Cap Rate 7%
$1,089,386
$1.1M
Cap Rate 9%
$847,300
$847.3K
Market Conditions
NOI Build-Up for 4,500 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
$114.5K $25.44/SF
− Vacancy
−$5.5K −$1.23/SF
EGI
$108.9K $24.21/SF
− OpEx
−$32.7K −$7.26/SF
NOI
$76.3K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /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%
$1,525,140
Cap Rate 7%
$1,089,386
Cap Rate 9%
$847,300
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$953.2K – $1.27M
NOI $76,257 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$994.5K
$870.2K – $1.16M
NOI $69,618 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.59M
$1.40M – $1.86M
NOI $111,609 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 07114, NJ
17,767
Population
4,694
Households
3.8
Avg Household Size
39
Median Age
9%
College-Educated
69%
High-School Grad
7.9 sq mi
ZIP Area
2,249
Density / Sq Mi
$34,167
Median Household Income
$35,916
Median Earnings
$616
Median Rent
$384,700
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?
Triplex - Three-family triplex built in 2018 with one vacant unit and forced-air heat plus central air.
Where is this triplex located?
The property is located at 17 Stanton St Newark, NJ.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Built in 2018 three‑family triplex; Approximately 4,500 sq. ft. of modern living space; One unit is vacant for owner‑occupancy or lease‑up
