Building Details

Year Built 1915

Listing Agency: RE/MAX PROFESSIONALS I j***@verizon.net Show Phone

Listed By: CESAR GONZALEZ · License #261255

Source: Luminancerealty

Added: Jul 30 Changed: Aug 30 Last Checked: Aug 25 at 5:06AM

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Investment Insights

Based on property information with market context.

This two-family residence offers three bedrooms on each floor, with renovation work spanning the siding, roof, kitchens, bathrooms, flooring, and windows. Interior improvements include contemporary finishes and additional updates throughout the living spaces.

Built in 1915, the property is located on Delavan Ave in Newark City, New Jersey. Its two-unit configuration is presented for either owner occupancy or investment use.

Key Highlights

• 3 bedrooms on each floor
• New siding and roof
• Renovated kitchens and bathrooms

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store 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.

Location Intelligence

Trade Area within ½ mile

1,217

Businesses Nearby

Explore this area Business Placement

Demographics for 07104, NJ

54,051

Population

21,762

Households

2.5

Avg Household Size

35

Median Age

21%

College-Educated

71%

High-School Grad

2.5 sq mi

ZIP Area

21,620

Density / Sq Mi

$51,199

Median Household Income

$36,139

Median Earnings

$1,343

Median Rent

$337,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential levels feature refreshed interiors and updated exterior components throughout.

Where is this duplex located?

The property is located at 172-176 Delavan Ave Newark, NJ.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: 3 bedrooms on each floor; New siding and roof; Renovated kitchens and bathrooms