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Three-Unit Triplex
New
For Sale
$899,000
Pending

18 Shanley Ave, Newark, NJ 07108

Separate residences include kitchens and combined living-dining areas for flexible household layouts.

Property SizeContact for details
Days on Market2

Property Features for 18 Shanley Ave

General Information

Standard status Pending
Property subtype Multi Family

Units

Unit Mix 6 bedrooms, 2 bathrooms, 4 bedrooms, 1 bathroom, 2 bedrooms, 1 bathroom
Multifamily Units 3

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $10,705

Building Details

Year Built 1915
Units 3
Listing Agency: LIM BANCES REALTY
Listed By: LIM BANCES · License #1643967
Source: Elliman
Added: Sep 11 Last Checked: Sep 11 at 3:08PM

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 LIM BANCES REALTY

Investment Insights

Based on property information with market context.

This Newark triplex contains three separate residences with a combined total of 12 bedrooms and 4 bathrooms. The unit mix includes one six-bedroom, two-bathroom residence, one four-bedroom, one-bathroom residence, and one two-bedroom, one-bathroom residence. Each unit includes a kitchen and a living room/dining room combination, providing a defined arrangement for daily living and entertaining.

Built in 1915, the property is located at 18 Shanley Ave in Newark, New Jersey. Shopping centers, major highways, and everyday amenities are nearby. Walk Score is 88, Bike Score is 52, and Transit Score is 75, reflecting access to walking, biking, and public transportation options. The configuration may appeal to investors or owner-occupants seeking a multifamily property with substantial bedroom capacity.

Key Highlights

  • Three‑unit property with 12 bedrooms and 4 bathrooms
  • Unit mix: 6BR/2BA, 4BR/1BA, and 2BR/1BA
  • Each residence includes a kitchen and living room/dining room combination

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Storage Facility

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,310
Businesses Nearby

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Separate residences include kitchens and combined living-dining areas for flexible household layouts.
Where is this triplex located?
The property is located at 18 Shanley Ave Newark, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three‑unit property with 12 bedrooms and 4 bathrooms; Unit mix: 6BR/2BA, 4BR/1BA, and 2BR/1BA; Each residence includes a kitchen and living room/dining room combination
More about this property
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