New Construction
206 14th Ave, Newark, NJ 07103
For Sale
$650,000
Two residential units provide four bedrooms and share a one-car garage.
Property Size1,400 SF
Price / SF$464.29
Days on Market328
Property Features for 206 14th Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
WEICHERT REALTORS
Listed By:
CINDY KWOK · License NJ #406442
(973) 376-4545
Source:
Tkregroupinc
Added: Dec 17, 2025
Changed: Nov 7
Last Checked: Nov 8 at 8:53PM
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 WEICHERT REALTORS
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Investment Insights
Based on property information with market context.
This planned duplex is scheduled for completion in Fall 2026. The two-unit residence has four bedrooms and two full bathrooms in total, with contemporary layouts and new construction systems and materials specified in the approved plans. A one-car garage is included.
A 10-year deed restriction requires owner-occupancy. The property is eligible for a five-year tax abatement.
A 10-year deed restriction requires owner-occupancy. The property is eligible for a five-year tax abatement.
Key Highlights
- Two residential units with four bedrooms and two full bathrooms total
- One‑car garage
- Fall 2026 completion target
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,977
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,540
$559.5K
Cap Rate 7%
$399,671
$399.7K
Cap Rate 9%
$310,856
$310.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$42.0K $30.00/SF
− Vacancy
−$2.0K −$1.45/SF
EGI
$40.0K $28.55/SF
− OpEx
−$12.0K −$8.56/SF
NOI
$28.0K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,540
Cap Rate 7%
$399,671
Cap Rate 9%
$310,856
Alternative Uses
Best Use
Multifamily LT 5
$399.7K
$349.7K – $466.3K
NOI $27,977 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.8K
NOI $25,429 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$500.7K
$438.2K – $584.2K
NOI $35,052 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,548
Businesses Nearby
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Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Newark, NJ
Properties on Market for Duplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide four bedrooms and share a one-car garage.
Where is this duplex located?
The property is located at 206 14th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two residential units with four bedrooms and two full bathrooms total; One‑car garage; Fall 2026 completion target
