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Three-Unit Property with Quartz Finishes
For Sale
$730,000

237 Smith Street, Newark, NJ 07106

Triplex featuring varied bedroom layouts, private-entry space, off-street parking, and updated interior finishes.

Property Size9,999 SF
Price / SF$73.01
Days on Market101

Property Features for 237 Smith Street

General Information

Standard status Active
Size 9,999 SF
Property subtype Multi Family / Duplex-Side by Side
Net Operating Income $999

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $7,678

Amenities

Yes
Asphalt Shingle
Finished-Partially
Vinyl Siding

Building Details

Year Built 1940
Listing Agency: KELLER WILLIAMS VALLEY REALTY
Listed By: LIPA BRACH · License #306769
Source: Compass
Added: May 23 Changed: Aug 30 Last Checked: Jun 5 at 5:07AM

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 KELLER WILLIAMS VALLEY REALTY

Investment Insights

Based on property information with market context.

This triplex, built in 1940, contains three separately configured residences. The largest unit has four bedrooms, two full bathrooms, an open living area, and an additional ensuite room with a private entrance. The second residence includes three bedrooms and two full bathrooms, while the third offers one bedroom and one full bathroom. Quartz countertops and substantial closet storage are featured throughout, along with off-street parking.

Located at 237 Smith St in Newark, the property has a walk score of 81, a transit score of 55, and a bike score of 48. The combination of multiple residential layouts, private-entry space, and distinct unit configurations provides a flexible multifamily format for occupancy or rental use.

Key Highlights

  • Three‑unit triplex with 4‑bedroom, 3‑bedroom, and 1‑bedroom residences
  • Largest unit includes 4 bedrooms, 2 full bathrooms, and an additional ensuite room with private entrance
  • Quartz countertops and abundant closet storage throughout

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Accounting Firm Skin Care Clinic Carpet & Flooring Store

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

1,214
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
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 - Triplex featuring varied bedroom layouts, private-entry space, off-street parking, and updated interior finishes.
Where is this triplex located?
The property is located at 237 Smith Street Newark, NJ.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Three‑unit triplex with 4‑bedroom, 3‑bedroom, and 1‑bedroom residences; Largest unit includes 4 bedrooms, 2 full bathrooms, and an additional ensuite room with private entrance; Quartz countertops and abundant closet storage throughout
More about this property
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