Three-Story
New
For Sale
$999,999
257 S 7Th St, Newark, NJ 07103
Multi-Family, 3-Three Story, Newark City, NJ
Property Size4,000 SF
Lot Size0.07 Acres
Price / SF$249
Days on Market2
Property Features for 257 S 7Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bedroom 7, Bedroom 5, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 1
Parking
2
Directions
Use Google GPS
Standard status
Active
Size
4,000 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1075
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2026
Floors in Building
3
Number of units
2
Roof type
Flat
Architectural style
Other
Listing Agency:
KELLER WILLIAMS - NJ METRO GROUP · Keller Williams Realty
(973) 783-7400
Listed By:
BRENDAN DASILVA · License #1753996
(862) 213-0008
Added: Sep 24
Last Checked: Sep 25 at 5:06AM
MLS# 4054957
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex is under construction and is planned as a three-story residential building. The property measures 4,000 square feet on a 0.07-acre lot, with a flat roof. Room listings include seven bedrooms and five bathrooms.
The building has a 2026 year built designation. Public water and public sewer serve the property.
The building has a 2026 year built designation. Public water and public sewer serve the property.
Key Highlights
- 4,000‑square‑foot building on a 0.07‑acre lot
- Under construction; year built listed as 2026
- Room listings include seven bedrooms and five bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,934
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,598,680
$1.6M
Cap Rate 7%
$1,141,914
$1.1M
Cap Rate 9%
$888,156
$888.2K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$120.0K $30.00/SF
− Vacancy
−$5.8K −$1.45/SF
EGI
$114.2K $28.55/SF
− OpEx
−$34.3K −$8.56/SF
NOI
$79.9K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,598,680
Cap Rate 7%
$1,141,914
Cap Rate 9%
$888,156
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$999.2K – $1.33M
NOI $79,934 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$1.04M
$908.2K – $1.21M
NOI $72,655 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,147 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,627
Businesses Nearby
Explore this area
Business Placement
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Construction is underway on a residential property with public water and sewer service.
Where is this duplex located?
The property is located at 257 S 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 4,000‑square‑foot building on a 0.07‑acre lot; Under construction; year built listed as 2026; Room listings include seven bedrooms and five bathrooms
