Renovated Three-Unit
For Sale
$750,000
209 N 11Th St, Newark, NJ 07107
Multi-Family, 3-Three Story, Newark City, NJ
Property Size2,666 SF
Lot Size0.06 Acres
Price / SF$281.32
Days on Market54
Property Features for 209 N 11Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 9, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 5, Basement, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 10
Patio and Porch features
Patio
Interior features
Smoke Detector, Vinyl-Linoleum Floors, Wood Floors
Exterior features
Metal Fence, Patio
Fencing
Fenced
Subdivision
Roseville
Directions
exit 13 to N11th
Standard status
Active
Size
2,666 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10041
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1915
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
SERHANT NEW JERSEY LLC
Listed By:
Michele Zyska
(973) 315-5959
Added: Aug 18
Changed: Sep 16
Last Checked: Oct 10 at 5:06AM
MLS# 4047606
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Newark triplex contains three apartments: two three-bedroom units and one four-bedroom unit. One renovated three-bedroom apartment is vacant, while the other three-bedroom and four-bedroom apartments are occupied and generating rental income. The property measures 2666 square feet on a 0.06-acre lot and was built in 1915.
Interior features include wood and vinyl-linoleum flooring, smoke detectors, hot-water heat, and baseboard heating. The exterior includes a fenced yard with a metal fence and patio. Public water and public sewer serve the property, and the roof is shingle. The home is near transportation, shopping, dining, schools, and major highways in Newark City.
Interior features include wood and vinyl-linoleum flooring, smoke detectors, hot-water heat, and baseboard heating. The exterior includes a fenced yard with a metal fence and patio. Public water and public sewer serve the property, and the roof is shingle. The home is near transportation, shopping, dining, schools, and major highways in Newark City.
Key Highlights
- Three‑unit triplex with two 3‑bedroom apartments and one 4‑bedroom apartment
- 2666 square feet on a 0.06‑acre lot
- One renovated 3‑bedroom unit is vacant; the other two units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,500
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,000
$910.0K
Cap Rate 7%
$650,000
$650.0K
Cap Rate 9%
$505,556
$505.6K
Market Conditions
NOI Build-Up for 2,666 SF
Gross rent
$68.8K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.0K $24.38/SF
− OpEx
−$19.5K −$7.31/SF
NOI
$45.5K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,000
Cap Rate 7%
$650,000
Cap Rate 9%
$505,556
Alternative Uses
Best Use
Multifamily LT 5
$650.0K
$568.8K – $758.3K
NOI $45,500 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$583.8K
$510.9K – $681.1K
NOI $40,868 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.04M
$912.6K – $1.22M
NOI $73,006 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Two occupied apartments support current rental operations, while a vacant three-bedroom unit offers owner-occupancy or leasing use.
Where is this triplex located?
The property is located at 209 N 11Th St Newark, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit triplex with two 3‑bedroom apartments and one 4‑bedroom apartment; 2666 square feet on a 0.06‑acre lot; One renovated 3‑bedroom unit is vacant; the other two units are occupied
