Three-Bedroom
266 S 7th St, Newark, NJ 07103
For Sale
New
Contact for pricing
The residence has hardwood flooring, in-unit storage, garage access, and an additional parking space.
Property Size1,600 SF
Price / SF$1.72
Days on Market2
Property Features for 266 S 7th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
hardwood floors
new appliances
additional storage
garage access
Wood
Gas-Natural
Second
3
Hookup Available,In Unit
City/Town Street
Public Water
3570 SF
0.08
Building Details
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 10:06AM
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 Andrea Lew
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Investment Insights
Based on property information with market context.
This three-bedroom, two-bath apartment includes a dining area, hardwood floors, and generous closet and storage space. New appliances are installed, and the parking arrangement includes garage access plus one additional space.
The apartment is in Newark, minutes from Downtown Newark, with access to major highways and public transportation. Hospitals, gyms, places of worship, shops, and dining options are among the nearby amenities, with many within walking distance.
The apartment is in Newark, minutes from Downtown Newark, with access to major highways and public transportation. Hospitals, gyms, places of worship, shops, and dining options are among the nearby amenities, with many within walking distance.
Key Highlights
- Three bedrooms and two bathrooms
- Hardwood floors throughout
- Dining area and generous closet space, with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,062
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,240
$581.2K
Cap Rate 7%
$415,171
$415.2K
Cap Rate 9%
$322,911
$322.9K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$55.7K $34.80/SF
− Vacancy
−$2.8K −$1.77/SF
EGI
$52.8K $33.03/SF
− OpEx
−$23.8K −$14.86/SF
NOI
$29.1K $18.16/SF
Area
ZIP 07103
Vacancy
5.10%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,240
Cap Rate 7%
$415,171
Cap Rate 9%
$322,911
Alternative Uses
Best Use
Apartment 5plus
$415.2K
$363.3K – $484.4K
NOI $29,062 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.3K
$500.7K – $667.7K
NOI $40,059 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,641
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
$259,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Newark, NJ
Properties on Market for Residential income properties in Newark
Frequently Asked Questions
What type of property is this?
Residential income property - The residence has hardwood flooring, in-unit storage, garage access, and an additional parking space.
Where is this residential income property located?
The property is located at 266 S 7th St Newark, NJ.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; Hardwood floors throughout; Dining area and generous closet space, with additional storage
