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Duplex with Private Balcony
New
For Sale
$420,000
Pending

246 Spring St, Newton, NJ 07860

Two separate residences provide an option to occupy one unit while leasing the other.

Property SizeContact for details
Days on Market2

Property Features for 246 Spring St

General Information

Standard status Pending
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,228

Amenities

rocking-chair front porch
private balcony
attic

Building Details

Year Built 1900
Buildings 1
Units 2
Listed By: MAYA A. LOPEZ
Source: Elliman
Added: Sep 24 Last Checked: Sep 24 at 3:04PM

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 MAYA A. LOPEZ

Investment Insights

Based on property information with market context.

Built in 1900, this duplex contains two residences. The first-floor unit has two bedrooms, a living room, kitchen, separate dining area, and a front porch. Upstairs, the second unit includes two bedrooms, a den, living room, kitchen, dining area, and private balcony, with additional attic space.

Downtown and shopping are within walking distance. The property has a Walk Score of 87 and a Bike Score of 59.

Key Highlights

  • Two‑unit property built in 1900
  • First‑floor residence includes 2 bedrooms, separate dining area, and front porch
  • Upper unit has 2 bedrooms, a den, private balcony, and attic space

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm (Bike/Boat/Book/etc) Store Bakery Real Estate Agency Barber Shop

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,026
Businesses Nearby

Demographics for 07860, NJ

25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two separate residences provide an option to occupy one unit while leasing the other.
Where is this duplex located?
The property is located at 246 Spring St Newton, NJ.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit property built in 1900; First‑floor residence includes 2 bedrooms, separate dining area, and front porch; Upper unit has 2 bedrooms, a den, private balcony, and attic space
More about this property
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