New Duplex with Central
276 W Runyon Street, Newark, NJ 07108
For Sale
$925,000
Pending
Two residential units feature hardwood floors, gas ranges, and kitchens with dishwashers.
Property Size3,920 SF
Days on Market15
Property Features for 276 W Runyon Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Gas-Natural
1
6
2
3
Carbon Monoxide Detector,Smoke Detector
Carbon Monoxide Detector,Dishwasher,Kitchen Exhaust Fan,Range/Oven - Gas,Smoke Detector
Carbon Monoxide Detector,Smoke Detector,Tile Floors,Walk-In Closet,Wood Floors
1.0
2.0
Rec Room,Utility Room
Bedrooms,Kitchen,Living/Dining Room
No
Level Lot
Public Water
25 X 100
0.06
Metal Fence,Sidewalk
3920
Brick,Vinyl Siding
Building Details
Building Size
Year Built
Listing Agency:
CORNERSTONE REALTY ASSOCIATES
(908) 224-5438
Listed By:
Jessica Deats
Source:
Haven
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 9 at 12:48PM
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 CORNERSTONE REALTY ASSOCIATES
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Investment Insights
Based on property information with market context.
This newly constructed duplex is planned as a two-family residence with a brick and stucco front. Interior details include hardwood floors, central air conditioning, walk-in closets, and kitchens equipped with gas ranges, dishwashers, and exhaust fans. The property also includes a recreation room and utility room.
The level lot measures 25 by 100 feet, with public water, a metal fence, and sidewalk frontage. The 3,920-square-foot property is near Weequahic Park, Route 78, and Newark Liberty International Airport.
The level lot measures 25 by 100 feet, with public water, a metal fence, and sidewalk frontage. The 3,920-square-foot property is near Weequahic Park, Route 78, and Newark Liberty International Airport.
Key Highlights
- Two‑family duplex with 3,920 square feet of property size
- Central air conditioning and hardwood floors
- Kitchens include gas ranges, dishwashers, and exhaust fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,429
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,580
$1.3M
Cap Rate 7%
$948,986
$949.0K
Cap Rate 9%
$738,100
$738.1K
Market Conditions
NOI Build-Up for 3,920 SF
Gross rent
$99.7K $25.44/SF
− Vacancy
−$4.8K −$1.23/SF
EGI
$94.9K $24.21/SF
− OpEx
−$28.5K −$7.26/SF
NOI
$66.4K $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%
$1,328,580
Cap Rate 7%
$948,986
Cap Rate 9%
$738,100
Alternative Uses
Best Use
Multifamily LT 5
$949.0K
$830.4K – $1.11M
NOI $66,429 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$866.4K
$758.1K – $1.01M
NOI $60,645 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,224 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 07108, NJ
28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
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Market
Average Price Trend$/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 - Two residential units feature hardwood floors, gas ranges, and kitchens with dishwashers.
Where is this duplex located?
The property is located at 276 W Runyon Street Newark, NJ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑family duplex with 3,920 square feet of property size; Central air conditioning and hardwood floors; Kitchens include gas ranges, dishwashers, and exhaust fans
