Three-Unit Multifamily
19 Halleck St, Newark, NJ 07104
For Sale
$990,000
Built in 2001 with three-bedroom units, garage parking, and additional off-street parking.
Property Size5,000 SF
Price / SF$198
Days on Market96
Property Features for 19 Halleck St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
KELLER WILLIAMS REALTY
Listed By:
JOHN MARTINS
(201) 628-6025
Source:
Goldstandardrealty
Added: Aug 6
Changed: Nov 2
Last Checked: Nov 8 at 7:11AM
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 KELLER WILLIAMS REALTY
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Investment Insights
Based on property information with market context.
This three-unit residential property in Newark’s North Broadway section was built in 2001 and provides approximately 5,000+ square feet of living space. Each apartment contains three bedrooms. Unit 1 has one full bathroom, while Units 2 and 3 each include two full bathrooms. The layouts feature generously sized rooms, and the property includes a two-car garage plus additional off-street parking.
The property is near major highways, public transportation, schools, and shopping. Its three-apartment configuration supports both an owner-occupant arrangement and a fully rented setup, with the option to occupy one unit while leasing the remaining residences.
The property is near major highways, public transportation, schools, and shopping. Its three-apartment configuration supports both an owner-occupant arrangement and a fully rented setup, with the option to occupy one unit while leasing the remaining residences.
Key Highlights
- Three‑family property with approximately 5,000+ sq ft of living space
- Built in 2001
- Each unit includes 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,130
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,702,600
$1.7M
Cap Rate 7%
$1,216,143
$1.2M
Cap Rate 9%
$945,889
$945.9K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$127.8K $25.56/SF
− Vacancy
−$6.2K −$1.24/SF
EGI
$121.6K $24.32/SF
− OpEx
−$36.5K −$7.30/SF
NOI
$85.1K $17.03/SF
Area
ZIP 07104
Vacancy
4.84%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,702,600
Cap Rate 7%
$1,216,143
Cap Rate 9%
$945,889
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,130 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$1.12M
$978.7K – $1.30M
NOI $78,293 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,710 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,265
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
$337,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Newark, NJ
Properties on Market for Triplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Built in 2001 with three-bedroom units, garage parking, and additional off-street parking.
Where is this triplex located?
The property is located at 19 Halleck St Newark, NJ.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Three‑family property with approximately 5,000+ sq ft of living space; Built in 2001; Each unit includes 3 bedrooms
