Renovated Duplex with Finished
New
For Sale
$679,900
272 N 7Th St, Newark, NJ 07107
Multi-Family, 2-Two Story, Newark City, NJ
Property Size1,577 SF
Lot Size0.06 Acres
Price / SF$431.14
Days on Market6
Property Features for 272 N 7Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 8, Basement, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 7
Parking
2
Interior features
Blinds, Carbon Monoxide Detector, Fire Extinguisher, Shades, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Walk-In Closet
Exterior features
Barbeque, Metal Fence
Fencing
Fenced
Directions
Use Google Maps
Standard status
Active
Size
1,577 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13856
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air and heat
separate utilities
finished basement
dedicated laundry room
large backyard
Building Details
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX SELECT · RE/MAX International
(973) 739-8008
Listed By:
ANTHONY TORRES
(973) 539-6300
Added: Aug 18
Changed: Aug 23
Last Checked: Aug 23 at 11:06PM
MLS# 4047451
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 contains 6 bedrooms and 5 bathrooms, with each primary unit arranged as a three-bedroom, two-bath residence with an en-suite bedroom. The property was renovated in 2020, including plumbing and electrical updates, and includes central air, forced-air heat, separate utilities, and a finished basement with two bonus rooms and a full bathroom. A dedicated laundry room, fenced backyard, metal fencing, and two-car driveway parking add to the functional layout. Public water and sewer serve the property.
Located at 272 N 7th St in Newark City, New Jersey, the property occupies a 0.06-acre lot and contains 1,577 square feet. The first-floor unit will be vacant at closing, providing immediate flexibility for an owner occupant or other permitted use.
Located at 272 N 7th St in Newark City, New Jersey, the property occupies a 0.06-acre lot and contains 1,577 square feet. The first-floor unit will be vacant at closing, providing immediate flexibility for an owner occupant or other permitted use.
Key Highlights
- 6‑bedroom, 5‑bathroom duplex at 272 N 7th St, Newark City, NJ
- Renovated in 2020 with updated plumbing and electrical systems
- Finished basement includes 2 bonus rooms and a full bathroom
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
$26,914
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
3.96%
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%
$538,280
$538.3K
Cap Rate 7%
$384,486
$384.5K
Cap Rate 9%
$299,044
$299.0K
Market Conditions
NOI Build-Up for 1,577 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
$40.7K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$38.4K $24.38/SF
− OpEx
−$11.5K −$7.31/SF
NOI
$26.9K $17.07/SF
Area
ZIP 07107
Vacancy
5.50%
Lease Rate
$25.80 /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%
$538,280
Cap Rate 7%
$384,486
Cap Rate 9%
$299,044
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.4K – $448.6K
NOI $26,914 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$345.3K
$302.2K – $402.9K
NOI $24,174 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$616.9K
$539.8K – $719.8K
NOI $43,185 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
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 - Two-family property offers separate utilities and a vacant first-floor unit at closing.
Where is this duplex located?
The property is located at 272 N 7Th St Newark, NJ.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: 6‑bedroom, 5‑bathroom duplex at 272 N 7th St, Newark City, NJ; Renovated in 2020 with updated plumbing and electrical systems; Finished basement includes 2 bonus rooms and a full bathroom
