Well-Maintained Two-Family
221 Rose Street Newark, NJ 07108
221 Rose Street, Newark, NJ, 07108
$699,000
For Sale
$699,000
A well-maintained two-unit residence with central heat and A/C, plus a garage and driveway parking.
Property Size1,600 SF
Price / SF$436.88
Days on Market140
Property Features for 221 Rose Street
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 2004
Listing agency
SKY REALTY ASSOCIATES
(973) 344-8880
Listed by
SILVIA MONTEZ · License #297916
(973) 344-8880
Source
Compass
Added: Mar 4 Updated: Jul 21 at 2:43PM Checked: Jul 21 at 2:43PM
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 SKY REALTY ASSOCIATES
Investment Insights
Based on property information with market context.
This very well-maintained two-family home offers two separate apartments. The second-floor unit features three bedrooms and one and a half bathrooms, and the ground-floor unit offers two bedrooms and one bath. Both apartments include dining and living room space, with carpet throughout except in the kitchens and bathrooms.
The home is heated and cooled with central heat and central A/C. Parking includes a one-car garage and a driveway for two additional cars. Outdoor space includes a very nice backyard with a storage shed.
Additional interior features include custom-made blinds. The property is presented in a condition described as very well maintained.
The home is heated and cooled with central heat and central A/C. Parking includes a one-car garage and a driveway for two additional cars. Outdoor space includes a very nice backyard with a storage shed.
Additional interior features include custom-made blinds. The property is presented in a condition described as very well maintained.
Key Highlights
- Well‑maintained 2‑family home built in 2004 with central heat and central A/C
- 2nd‑floor unit: 3 bedrooms and 1.5 bathrooms with dining/living room and carpet throughout (except kitchens and bathrooms)
- Ground‑floor unit: 2 bedrooms and 1 bathroom with dining/living room and carpet throughout (except kitchens and bathrooms)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $25.44 |
| − Vacancy | −$2.0k | −$1.23 |
| EGI | $38.7k | $24.21 |
| − OpEx | −$11.6k | −$7.26 |
| NOI | $27.1k | $16.95 |
1,600 SF · lease $25.44/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$387.3K
$338.9K – $451.9K
NOI $27,114 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$353.6K
$309.4K – $412.6K
NOI $24,753 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$566.9K
$496.0K – $661.4K
NOI $39,683 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A well-maintained two-unit residence with central heat and A/C, plus a garage and driveway parking.
Where is this duplex located?
The property is located at 221 Rose Street Newark, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 2004 with central heat and central A/C; 2nd‑floor unit: 3 bedrooms and 1.5 bathrooms with dining/living room and carpet throughout (except kitchens and bathrooms); Ground‑floor unit: 2 bedrooms and 1 bathroom with dining/living room and carpet throughout (except kitchens and bathrooms)
