Three-Family Triplex with Driveway &
New
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 Market4
Property Features for 17 Stanton St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 8, Bedroom 2, Bathroom 1, Bathroom 6, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 7, Bathroom 3, Bathroom 5, Bedroom 5
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: Jul 31
Last Checked: Jul 31 at 9:06PM
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 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 | $114.5k | $25.44 |
| − Vacancy | −$5.5k | −$1.23 |
| EGI | $108.9k | $24.21 |
| − OpEx | −$32.7k | −$7.26 |
| NOI | $76.3k | $16.95 |
4,500 SF · lease $25.44/SF/yr · vacancy 4.84% · expense 30.00%
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
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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
