Two-Unit Residential Income
225 Alexander Street Newark, NJ 07106
225 Alexander Street, Newark, NJ, 07106
$550,000
For Sale
$550,000
Two units each offer three bedrooms and one full bathroom, plus bonus sunroom and third-floor space.
Property Size1,100 SF
Price / SF$500
Days on Market51
Property Features for 225 Alexander Street
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 1920
Listing agency
LIFESTYLE INTERNATIONAL REALTY
(201) 559-5770
Listed by
RICARDO FOLKES · License #402641
(201) 559-5770
Source
Compass
Added: Jun 2 Updated: Jul 22 at 10:27AM Checked: Jul 22 at 10:27AM
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 LIFESTYLE INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This two-unit residential income property offers two separate units, each featuring three bedrooms and one full bathroom. The first-floor unit includes an added bonus sunroom, expanding usable living space. In addition, the home provides bonus third-floor space that may offer further flexibility for a future buyer, subject to buyer due diligence and local regulations.
The property is located at 225 Alexander Street, Newark, NJ 07106. Prospective parties are instructed to drive by only.
With a duplex-style layout and multiple spaces beyond the standard unit rooms, the property is positioned for buyers seeking a straightforward two-unit setup with additional interior areas to evaluate during due diligence.
The property is located at 225 Alexander Street, Newark, NJ 07106. Prospective parties are instructed to drive by only.
With a duplex-style layout and multiple spaces beyond the standard unit rooms, the property is positioned for buyers seeking a straightforward two-unit setup with additional interior areas to evaluate during due diligence.
Key Highlights
- Two‑unit home built in 1920
- Each unit offers 3 bedrooms and 1 full bathroom
- First‑floor unit includes a bonus sunroom for additional living space
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 | $29.0k | $26.40 |
| − Vacancy | −$1.9k | −$1.72 |
| EGI | $27.2k | $24.68 |
| − OpEx | −$8.1k | −$7.41 |
| NOI | $19.0k | $17.28 |
1,100 SF · lease $26.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.6K – $316.8K
NOI $19,007 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$237.4K
$207.7K – $276.9K
NOI $16,616 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$430.3K
$376.5K – $502.0K
NOI $30,122 @ 7.0% cap · market cap 5.48%
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 - Two units each offer three bedrooms and one full bathroom, plus bonus sunroom and third-floor space.
Where is this duplex located?
The property is located at 225 Alexander Street Newark, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit home built in 1920; Each unit offers 3 bedrooms and 1 full bathroom; First‑floor unit includes a bonus sunroom for additional living space
