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Triplex With Street-Level Garage
For Sale
Contact for pricing
Pending

222 7th Ave, Newark, NJ 07103

Under-construction three-unit property with separate utilities, apartment kitchens, and central air conditioning and heat.

Property SizeContact for details
Days on Market143

Property Features for 222 7th Ave

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Multifamily

Additional Details

Multifamily Units 3

Amenities

recreation room
laundry room
central AC/heat
Listing Agency: Exit Realty Lucky Group
Listed By: Antonio Costa · License #NJ 9481169
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 12:25AM

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 Exit Realty Lucky Group

Investment Insights

Based on property information with market context.

This triplex is being developed as three new residential units, with a street-level garage, recreation room, half bath, and laundry room. An interior connection leads from the garage level to Apartment 1. The residential layouts include kitchen and living/dining areas, three bedrooms, and two full bathrooms on the apartment levels. Interior finishes include wood and ceramic flooring, granite kitchen countertops, and central AC and heat.

Separate utilities support individual apartment operations. Kitchens in both apartments include a stove, dishwasher, and microwave. The property is also identified as owner occupied and may qualify for a five-year tax abatement, subject to applicable requirements.

Key Highlights

  • Three new homes under construction in a triplex configuration
  • Street‑level garage accommodates 2 cars
  • Garage level includes recreation room, half bath, and laundry room

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Computer & Electronic Repair Skin Care Clinic Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

1,260
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Under-construction three-unit property with separate utilities, apartment kitchens, and central air conditioning and heat.
Where is this triplex located?
The property is located at 222 7th Ave Newark, NJ.
What are key features of this property?
This property features: Three new homes under construction in a triplex configuration; Street‑level garage accommodates 2 cars; Garage level includes recreation room, half bath, and laundry room
More about this property
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