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Two-Unit Duplex with Basement
For Sale
$625,000
Pending

268 Walnut St, Newark, NJ 07105

Multi-Family, 2-Two Story, Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market148

Property Features for 268 Walnut St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Basement, Bedroom 3, Bathroom 1
Subdivision Ironbound
Lot features Level Lot
Directions Between Adams & Jefferson St
Standard status Pending
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6662

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Other (Heating)
Water source Public

Amenities

laundry area
storage area
fenced property

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Roof type Flat
Architectural style Other
Listing Agency: NENO-ROSA AGENCY
Listed By: AUGUSTO NENO · License #243126
Added: Apr 8 Changed: Aug 22 Last Checked: Sep 2 at 3:06PM
MLS# 4019329

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 two-unit duplex, built in 1920, offers a one-bedroom first-floor residence and a three-bedroom second-floor residence. Each unit includes a living room, eat-in kitchen, and full bathroom. The unfinished basement adds a laundry area and storage space, while a newer flat roof and fenced property provide additional physical features. Separate hot water, gas, and electric services serve the building; the owner pays for gas heat.

The property is located in Newark City’s Ironbound area, near Independence Park, shopping, and transportation to New York City. Public water and public sewer serve the site. The 0.06-acre parcel combines two residential units with basement utility and storage areas in an established urban setting.

Key Highlights

  • Two‑unit duplex with one 1‑bedroom and one 3‑bedroom residence
  • First‑floor and second‑floor apartments each include living, eat‑in kitchen, and full bath areas
  • Unfinished basement contains laundry and storage areas

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Buffet Tanning Salon Locksmith Clothing & Fashion 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

2
Residential units

Location Intelligence

Trade Area within ½ mile

4,639
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
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?
Duplex - Two residential units provide distinct layouts, basement storage, laundry space, and separate hot water, gas, and electric services.
Where is this duplex located?
The property is located at 268 Walnut St Newark, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit duplex with one 1‑bedroom and one 3‑bedroom residence; First‑floor and second‑floor apartments each include living, eat‑in kitchen, and full bath areas; Unfinished basement contains laundry and storage areas
More about this property
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