Duplex with Detached
270 Goldsmith Ave, Newark, NJ 07112
For Sale
$560,000
Multi-Family, 2-Two Story, Newark City, NJ
Property Size2,380 SF
Lot Size0.07 Acres
Price / SF$235.29
Days on Market47
Property Features for 270 Goldsmith Ave
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Lot features
Elementary school
Middle school
High school
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
driveway
detached garage
backyard
unfinished basement
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Buildings
Listing Agency:
KELLER WILLIAMS PROSPERITY REALTY · Keller Williams Realty
Listed By:
MARILYN REY · License #1971261
(973) 696-0077
Added: Sep 24
Changed: Nov 6
Last Checked: Nov 9 at 9:06AM
MLS# 4054967
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.
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Investment Insights
Based on property information with market context.
This two-family property contains 2,380 square feet on a 0.07-acre lot. Each residence has two bedrooms. The upper unit also includes finished attic space, while the lower unit has an updated kitchen and bathroom. An unfinished basement provides storage, and the property includes a driveway, detached garage, and backyard.
Both units are occupied on month-to-month terms. Public water and sewer serve the property, with forced-air heating.
Both units are occupied on month-to-month terms. Public water and sewer serve the property, with forced-air heating.
Key Highlights
- Two‑family property with 2,380 square feet on a 0.07‑acre lot
- Two‑bedroom layout in each unit
- Upper residence includes finished attic space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,332
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,640
$806.6K
Cap Rate 7%
$576,171
$576.2K
Cap Rate 9%
$448,133
$448.1K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$60.5K $25.44/SF
− Vacancy
−$2.9K −$1.23/SF
EGI
$57.6K $24.21/SF
− OpEx
−$17.3K −$7.26/SF
NOI
$40.3K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,640
Cap Rate 7%
$576,171
Cap Rate 9%
$448,133
Alternative Uses
Best Use
Multifamily LT 5
$576.2K
$504.2K – $672.2K
NOI $40,332 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$526.0K
$460.3K – $613.7K
NOI $36,820 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$843.3K
$737.9K – $983.8K
NOI $59,029 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,772
Businesses Nearby
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Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Newark, NJ
Properties on Market for Duplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant occupied under month-to-month terms.
Where is this duplex located?
The property is located at 270 Goldsmith Ave Newark, NJ.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two‑family property with 2,380 square feet on a 0.07‑acre lot; Two‑bedroom layout in each unit; Upper residence includes finished attic space
