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3-Unit Triplex with Backyard
For Sale
$650,000

224 12th Ave, Newark, NJ 07107

Three independent residences and a rear yard define this Newark property’s multi-unit layout.

Property SizeContact for details
Days on Market77

Property Features for 224 12th Ave

General Information

Standard status Active
Property subtype Multi Family Home

Site & Location

Neighborhood Fairmount

Additional Details

Multifamily Units 3

Building Details

Year Built 1897
Units 3
Listing Agency: Exit Platinum Realty
Listed By: Davon Crutchfield · License #404090
Source: Culturaunitedrealty
Added: Aug 10 Changed: Oct 23 Last Checked: Oct 23 at 5:11PM

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 Platinum Realty

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Investment Insights

Based on property information with market context.

At 224 12th Ave in Newark, this triplex contains three separate residential units and a backyard. The property was built in 1897 and is being sold as-is.

Rutgers University is a 5-minute drive away, Downtown Newark is 10 minutes away, and Newark Penn Station is less than 20 minutes away. The buyer is responsible for obtaining the Certificate of Occupancy.

Key Highlights

  • Three residential units in one triplex
  • Backyard on the property
  • Built in 1897

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,620
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three independent residences and a rear yard define this Newark property’s multi-unit layout.
Where is this triplex located?
The property is located at 224 12th 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: Three residential units in one triplex; Backyard on the property; Built in 1897
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