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Renovated Three-Family Triplex
For Sale
$699,999

187 2Nd St, Newark, NJ 07107

Legal three-unit property with open-plan interiors, spacious bedrooms, and a partially finished basement with a full bath.

Property SizeContact for details
Days on Market8

Property Features for 187 2Nd St

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $10,001

Building Details

Year Built 2020
Units 3
Listing Agency: CONLEY REALTY
Listed By: TAIESHA MURCHISON · License #287219
Source: Elliman
Added: Sep 20 Last Checked: Sep 26 at 10:40AM

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 CONLEY REALTY

Investment Insights

Based on property information with market context.

Built in 2020, this renovated triplex is configured as a legal three-family property and is currently rented. The residences feature open-plan interiors and generously sized bedrooms. A partially finished basement adds useful ancillary space, including a full bathroom and the possibility of an additional bedroom and living area.

The property is situated in North Newark with access to nearby highways and public transportation. WalkScore is 88, TransitScore is 75, and BikeScore is 52, reflecting a walkable setting with established transit access and bikeable conditions.

Key Highlights

  • Legal 3‑family triplex built in 2020
  • Renovated property that is currently rented
  • Partially finished basement with full bath

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Computer & Electronic Repair Locksmith (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.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,691
Businesses Nearby

Demographics for 07107, NJ

41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
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
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-unit property with open-plan interiors, spacious bedrooms, and a partially finished basement with a full bath.
Where is this triplex located?
The property is located at 187 2Nd St Newark, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Legal 3‑family triplex built in 2020; Renovated property that is currently rented; Partially finished basement with full bath
More about this property
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